Farther Finance Advisors LLC Sells 229 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Farther Finance Advisors LLC lowered its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 13.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,420 shares of the construction company’s stock after selling 229 shares during the period. Farther Finance Advisors LLC’s holdings in Sterling Infrastructure were worth $239,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of STRL. Victory Capital Management Inc. lifted its stake in Sterling Infrastructure by 8.5% during the 3rd quarter. Victory Capital Management Inc. now owns 59,861 shares of the construction company’s stock valued at $8,681,000 after acquiring an additional 4,707 shares during the period. KBC Group NV lifted its stake in Sterling Infrastructure by 29.0% during the 3rd quarter. KBC Group NV now owns 993 shares of the construction company’s stock valued at $144,000 after acquiring an additional 223 shares during the period. Huntington National Bank lifted its stake in Sterling Infrastructure by 21,300.0% during the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company’s stock valued at $31,000 after acquiring an additional 213 shares during the period. Quest Partners LLC lifted its stake in Sterling Infrastructure by 212.4% during the 3rd quarter. Quest Partners LLC now owns 3,624 shares of the construction company’s stock valued at $526,000 after acquiring an additional 2,464 shares during the period. Finally, Baron Wealth Management LLC bought a new position in Sterling Infrastructure during the 3rd quarter valued at about $305,000. Institutional investors own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on STRL. DA Davidson upgraded shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a research note on Thursday, February 27th. StockNews.com upgraded shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Finally, William Blair began coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating on the stock.

Sterling Infrastructure Price Performance

Shares of NASDAQ:STRL opened at $118.04 on Wednesday. The firm’s 50 day moving average price is $142.42 and its 200-day moving average price is $155.73. 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 stock has a market capitalization of $3.61 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32.

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.