Sterling Infrastructure, Inc. (NASDAQ:STRL) Stake Lessened by Nebula Research & Development LLC

Nebula Research & Development LLC lessened its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 23.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,449 shares of the construction company’s stock after selling 1,341 shares during the period. Nebula Research & Development LLC’s holdings in Sterling Infrastructure were worth $749,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of STRL. SBI Securities Co. Ltd. purchased a new position in Sterling Infrastructure during the 4th quarter valued at about $39,000. Huntington National Bank grew its position in Sterling Infrastructure by 34.6% during the fourth quarter. Huntington National Bank now owns 288 shares of the construction company’s stock valued at $49,000 after purchasing an additional 74 shares in the last quarter. National Bank of Canada FI acquired a new position in Sterling Infrastructure in the 4th quarter valued at approximately $56,000. Arcadia Investment Management Corp MI purchased a new stake in Sterling Infrastructure in the 4th quarter worth approximately $71,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of Sterling Infrastructure by 1,369.0% during the 4th quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company’s stock valued at $104,000 after buying an additional 575 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Trading Up 3.9 %

Shares of NASDAQ:STRL opened at $151.75 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $4.62 billion, a PE ratio of 25.63, a P/E/G ratio of 1.28 and a beta of 1.19. Sterling Infrastructure, Inc. has a 1 year low of $93.50 and a 1 year high of $206.07. The firm has a fifty day moving average price of $124.76 and a 200 day moving average price of $154.24.

Wall Street Analysts Forecast Growth

STRL has been the topic of a number of research reports. DA Davidson raised shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a research note on Thursday, February 27th. William Blair started coverage on Sterling Infrastructure in a research note on Friday, January 17th. They set an “outperform” rating for the company. Finally, StockNews.com cut Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note on Wednesday, April 9th.

Sterling Infrastructure Company 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.