Drum Hill Capital LLC Invests $266,000 in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Drum Hill Capital LLC bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,580 shares of the construction company’s stock, valued at approximately $266,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Chartwell Investment Partners LLC boosted its stake in shares of Sterling Infrastructure by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 8,958 shares of the construction company’s stock worth $1,299,000 after buying an additional 70 shares during the last quarter. Willis Investment Counsel boosted its position in Sterling Infrastructure by 1.4% during the fourth quarter. Willis Investment Counsel now owns 7,535 shares of the construction company’s stock valued at $1,269,000 after purchasing an additional 101 shares during the last quarter. Quarry LP grew its stake in 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 in the last quarter. Signaturefd LLC increased its position in shares of Sterling Infrastructure by 119.3% during the 3rd quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock worth $43,000 after purchasing an additional 161 shares during the last quarter. Finally, Aprio Wealth Management LLC raised its stake in shares of Sterling Infrastructure by 5.4% during the 4th quarter. Aprio Wealth Management LLC now owns 3,161 shares of the construction company’s stock worth $532,000 after purchasing an additional 161 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sterling Infrastructure

In related 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 transaction, the director now owns 25,901 shares in the company, valued at approximately $4,555,726.89. This represents a 7.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

Sterling Infrastructure Price Performance

NASDAQ:STRL opened at $116.29 on Friday. Sterling Infrastructure, Inc. has a 12-month low of $83.40 and a 12-month high of $206.07. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 1.31 and a beta of 1.24. The stock’s 50 day moving average price is $160.76 and its two-hundred day moving average price is $154.31. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41.

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.