Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Phocas Financial Corp.

Phocas Financial Corp. decreased its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 83.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,430 shares of the construction company’s stock after selling 27,458 shares during the period. Phocas Financial Corp.’s holdings in Sterling Infrastructure were worth $915,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake in Sterling Infrastructure by 1,088.1% in the third quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock valued at $51,561,000 after acquiring an additional 325,620 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Sterling Infrastructure during the 4th quarter worth approximately $47,712,000. International Assets Investment Management LLC grew its stake in Sterling Infrastructure by 14,112.0% during the 3rd quarter. International Assets Investment Management LLC now owns 142,120 shares of the construction company’s stock worth $20,610,000 after buying an additional 141,120 shares during the last quarter. WCM Investment Management LLC acquired a new position in Sterling Infrastructure during the fourth quarter worth approximately $18,019,000. Finally, Congress Asset Management Co. lifted its stake in Sterling Infrastructure by 19.1% in the third quarter. Congress Asset Management Co. now owns 647,924 shares of the construction company’s stock valued at $93,962,000 after buying an additional 104,096 shares during the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Dana C. O’brien sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total value of $351,780.00. Following the sale, the director now owns 25,901 shares of the company’s stock, valued at approximately $4,555,726.89. This represents a 7.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on STRL shares. StockNews.com upgraded shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Thursday, February 20th. William Blair assumed coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They issued an “outperform” rating for the company.

Sterling Infrastructure Trading Up 6.7 %

Shares of STRL stock opened at $115.94 on Wednesday. Sterling Infrastructure, Inc. has a fifty-two week low of $87.90 and a fifty-two week high of $206.07. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $158.12 and a 200-day simple moving average of $155.09. The stock has a market cap of $3.56 billion, a P/E ratio of 19.58, a P/E/G ratio of 1.28 and a beta of 1.24.

Sterling Infrastructure Profile

Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.