Sterling Infrastructure, Inc. (NASDAQ:STRL) Stock Holdings Lessened by Lokken Investment Group LLC

Lokken Investment Group LLC reduced its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,859 shares of the construction company’s stock after selling 102 shares during the quarter. Lokken Investment Group LLC’s holdings in Sterling Infrastructure were worth $818,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Quarry LP increased its stake in shares of Sterling Infrastructure by 510.7% during the 3rd quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $25,000 after purchasing an additional 143 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Sterling Infrastructure during the fourth quarter worth $39,000. National Bank of Canada FI bought a new position in Sterling Infrastructure during the fourth quarter valued at about $56,000. Arcadia Investment Management Corp MI acquired a new stake in shares of Sterling Infrastructure in the fourth quarter worth about $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 worth $104,000 after acquiring an additional 575 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

STRL has been the topic of a number of recent analyst reports. StockNews.com downgraded Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. DA Davidson raised Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a research report on Thursday, February 27th. Finally, William Blair started coverage on Sterling Infrastructure in a research report on Friday, January 17th. They set an “outperform” rating for the company.

Sterling Infrastructure Stock Down 2.5 %

STRL stock opened at $113.21 on Tuesday. Sterling Infrastructure, Inc. has a twelve month low of $93.50 and a twelve month 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 company has a market cap of $3.44 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. The business’s 50-day simple moving average is $133.71 and its 200 day simple moving average is $156.43.

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.