New York State Common Retirement Fund Increases Stock Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

New York State Common Retirement Fund boosted its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,647 shares of the construction company’s stock after acquiring an additional 4,269 shares during the quarter. New York State Common Retirement Fund owned about 0.28% of Sterling Infrastructure worth $14,596,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Quarry LP boosted 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 during the period. Capital Performance Advisors LLP acquired a new position in Sterling Infrastructure in the 3rd quarter worth $26,000. Huntington National Bank boosted its position in Sterling Infrastructure by 21,300.0% in the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company’s stock valued at $31,000 after buying an additional 213 shares during the last quarter. Signaturefd LLC grew its stake in shares of Sterling Infrastructure by 119.3% during the third quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock valued at $43,000 after acquiring an additional 161 shares in the last quarter. Finally, Private Trust Co. NA acquired a new stake in shares of Sterling Infrastructure during the third quarter valued at about $78,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

STRL has been the topic of several recent analyst reports. William Blair initiated coverage on Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating on the stock. StockNews.com raised Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Thursday.

Sterling Infrastructure Trading Down 6.4 %

NASDAQ STRL opened at $116.29 on Monday. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 1.28 and a beta of 1.24. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. Sterling Infrastructure, Inc. has a 12 month low of $83.40 and a 12 month high of $206.07. The company’s fifty day moving average price is $160.76 and its two-hundred day moving average price is $155.00.

Insider Transactions at Sterling Infrastructure

In related news, Director Dana C. O’brien sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total value of $351,780.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.70% of the company’s stock.

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.