Colonial River Investments LLC Has $294,000 Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Colonial River Investments LLC grew its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 10.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,748 shares of the construction company’s stock after buying an additional 163 shares during the quarter. Colonial River Investments LLC’s holdings in Sterling Infrastructure were worth $294,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in STRL. Quarry LP boosted its holdings in shares of Sterling Infrastructure by 510.7% in the third quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $25,000 after buying an additional 143 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Sterling Infrastructure in the third quarter worth about $26,000. Huntington National Bank boosted its holdings in shares of Sterling Infrastructure by 21,300.0% in the third quarter. Huntington National Bank now owns 214 shares of the construction company’s stock worth $31,000 after buying an additional 213 shares during the period. Signaturefd LLC boosted its holdings in shares of Sterling Infrastructure by 119.3% during the third quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock worth $43,000 after purchasing an additional 161 shares during the period. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of Sterling Infrastructure during the fourth quarter worth approximately $71,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on STRL. William Blair began coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They set an “outperform” rating for the company. StockNews.com upgraded shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday, February 20th.

Sterling Infrastructure Stock Performance

STRL stock opened at $108.65 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market cap of $3.34 billion, a P/E ratio of 18.35, a P/E/G ratio of 1.28 and a beta of 1.24. The firm has a 50 day simple moving average of $159.33 and a 200 day simple moving average of $155.01. Sterling Infrastructure, Inc. has a 52 week low of $87.90 and a 52 week high of $206.07.

Insider Activity at Sterling Infrastructure

In related news, Director Dana C. O’brien sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total transaction of $351,780.00. Following the transaction, the director now owns 25,901 shares of the company’s stock, valued at approximately $4,555,726.89. This trade represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.