Royce & Associates LP Has $10.12 Million Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Royce & Associates LP trimmed its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 9.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,066 shares of the construction company’s stock after selling 6,602 shares during the period. Royce & Associates LP owned about 0.20% of Sterling Infrastructure worth $10,118,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in STRL. Kovack Advisors Inc. grew its position in Sterling Infrastructure by 3.2% during the fourth quarter. Kovack Advisors Inc. now owns 2,914 shares of the construction company’s stock worth $491,000 after buying an additional 91 shares in the last quarter. Willis Investment Counsel grew its holdings in shares of Sterling Infrastructure by 1.4% during the 4th quarter. Willis Investment Counsel now owns 7,535 shares of the construction company’s stock worth $1,269,000 after purchasing an additional 101 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Sterling Infrastructure by 7.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,980 shares of the construction company’s stock valued at $334,000 after purchasing an additional 137 shares during the period. Quarry LP raised its stake in shares of Sterling Infrastructure by 510.7% in the third quarter. Quarry LP now owns 171 shares of the construction company’s stock valued at $25,000 after purchasing an additional 143 shares in the last quarter. Finally, Aprio Wealth Management LLC lifted its position in Sterling Infrastructure by 5.4% in the fourth quarter. Aprio Wealth Management LLC now owns 3,161 shares of the construction company’s stock worth $532,000 after purchasing an additional 161 shares during the period. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Down 0.7 %

Shares of NASDAQ:STRL opened at $120.49 on Tuesday. The company’s fifty day moving average is $143.41 and its 200-day moving average is $155.74. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $206.07. The company has a market capitalization of $3.69 billion, a PE ratio of 20.35, a P/E/G ratio of 1.28 and a beta of 1.32.

Insider Buying and Selling at Sterling Infrastructure

In other news, Director Dana C. O’brien sold 2,000 shares of the business’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 transaction, the director now directly owns 25,901 shares of the company’s stock, valued at $4,555,726.89. The trade was a 7.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on STRL. 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 report on Thursday, February 27th. StockNews.com raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Finally, William Blair began coverage on Sterling Infrastructure in a report on Friday, January 17th. They set an “outperform” rating on the stock.

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.