Naviter Wealth LLC Buys New Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Naviter Wealth LLC bought a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,135 shares of the construction company’s stock, valued at approximately $360,000.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in Sterling Infrastructure by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 719,980 shares of the construction company’s stock valued at $104,431,000 after purchasing an additional 3,918 shares during the last quarter. State Street Corp raised its position in Sterling Infrastructure by 0.7% during the 3rd quarter. State Street Corp now owns 713,234 shares of the construction company’s stock valued at $103,433,000 after purchasing an additional 5,106 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Sterling Infrastructure by 7.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company’s stock valued at $111,873,000 after purchasing an additional 49,008 shares during the last quarter. Loomis Sayles & Co. L P raised its position in Sterling Infrastructure by 4.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 380,972 shares of the construction company’s stock valued at $55,248,000 after purchasing an additional 17,863 shares during the last quarter. Finally, GW&K Investment Management LLC raised its position in Sterling Infrastructure by 3.4% during the 4th quarter. GW&K Investment Management LLC now owns 363,251 shares of the construction company’s stock valued at $61,190,000 after purchasing an additional 12,064 shares during the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Sterling Infrastructure

In other news, Director Dana C. O’brien sold 2,000 shares of the 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 completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on STRL shares. William Blair started coverage on Sterling Infrastructure in a research report on Friday, January 17th. They set an “outperform” rating for the company. DA Davidson raised Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a research report on Thursday, February 27th. Finally, StockNews.com raised Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Thursday.

Sterling Infrastructure Stock Down 2.3 %

Shares of NASDAQ:STRL opened at $118.00 on Friday. Sterling Infrastructure, Inc. has a 52-week low of $93.50 and a 52-week high of $206.07. The firm has a market capitalization of $3.61 billion, a P/E ratio of 19.93, a P/E/G ratio of 1.28 and a beta of 1.32. The stock has a 50 day moving average price of $149.96 and a 200-day moving average price of $155.45. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

About Sterling Infrastructure

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.