Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Golden State Equity Partners

Golden State Equity Partners reduced its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 14.5% during the first quarter, Holdings Channel reports. The firm owned 1,775 shares of the construction company’s stock after selling 300 shares during the period. Golden State Equity Partners’ holdings in Sterling Infrastructure were worth $201,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Huntington National Bank lifted its position in shares of Sterling Infrastructure by 34.6% in the 4th quarter. Huntington National Bank now owns 288 shares of the construction company’s stock valued at $49,000 after acquiring an additional 74 shares in the last quarter. Kovack Advisors Inc. lifted its position in shares of Sterling Infrastructure by 3.2% in the 4th quarter. Kovack Advisors Inc. now owns 2,914 shares of the construction company’s stock valued at $491,000 after acquiring an additional 91 shares in the last quarter. JT Stratford LLC lifted its position in shares of Sterling Infrastructure by 1.0% in the 4th quarter. JT Stratford LLC now owns 12,465 shares of the construction company’s stock valued at $2,100,000 after acquiring an additional 121 shares in the last quarter. Xponance Inc. lifted its position in shares of Sterling Infrastructure by 6.5% in the 4th quarter. Xponance Inc. now owns 2,144 shares of the construction company’s stock valued at $361,000 after acquiring an additional 131 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Sterling Infrastructure by 7.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,980 shares of the construction company’s stock valued at $334,000 after acquiring an additional 137 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. DA Davidson upped their price target on shares of Sterling Infrastructure from $205.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, June 18th. Wall Street Zen upgraded shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Thursday, May 22nd.

Sterling Infrastructure Stock Up 1.3%

STRL stock opened at $231.51 on Friday. Sterling Infrastructure, Inc. has a 12-month low of $93.50 and a 12-month high of $235.23. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.34. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 1.89 and a beta of 1.37. The company has a 50 day moving average of $187.38 and a two-hundred day moving average of $159.49.

Insiders Place Their Bets

In other Sterling Infrastructure news, Director Dana C. O’brien sold 10,154 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $206.58, for a total value of $2,097,613.32. Following the completion of the sale, the director now owns 16,498 shares in the company, valued at $3,408,156.84. This represents a 38.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Mark D. Wolf sold 3,500 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $225.87, for a total transaction of $790,545.00. Following the completion of the sale, the general counsel now owns 29,315 shares of the company’s stock, valued at approximately $6,621,379.05. The trade was a 10.67% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Sterling Infrastructure 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.