Venturi Wealth Management LLC Boosts Stock Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Venturi Wealth Management LLC increased its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 1,369.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 617 shares of the construction company’s stock after purchasing an additional 575 shares during the period. Venturi Wealth Management LLC’s holdings in Sterling Infrastructure were worth $104,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. raised its stake in shares of Sterling Infrastructure by 91.6% during the 4th quarter. Principal Securities Inc. now owns 1,270 shares of the construction company’s stock worth $214,000 after buying an additional 607 shares in the last quarter. Little House Capital LLC grew its holdings in Sterling Infrastructure by 2.7% during the fourth quarter. Little House Capital LLC now owns 7,758 shares of the construction company’s stock worth $1,307,000 after acquiring an additional 203 shares during the period. Rhumbline Advisers raised its position in Sterling Infrastructure by 1.0% in the fourth quarter. Rhumbline Advisers now owns 46,500 shares of the construction company’s stock worth $7,833,000 after acquiring an additional 479 shares in the last quarter. Blue Trust Inc. lifted its holdings in Sterling Infrastructure by 37.1% in the fourth quarter. Blue Trust Inc. now owns 1,708 shares of the construction company’s stock valued at $288,000 after acquiring an additional 462 shares during the period. Finally, Vontobel Holding Ltd. acquired a new stake in Sterling Infrastructure in the fourth quarter valued at $223,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Stock Down 6.4 %

Sterling Infrastructure stock opened at $116.29 on Monday. Sterling Infrastructure, Inc. has a fifty-two week low of $83.40 and a fifty-two week high of $206.07. The firm 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 stock’s fifty day moving average is $160.76 and its two-hundred day moving average is $155.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the sale, the director now owns 25,901 shares of the company’s stock, valued at $4,555,726.89. This represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on STRL shares. William Blair started coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They issued an “outperform” rating for the company. StockNews.com raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday.

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.