Delphi Management Inc. MA Lowers Stake in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Delphi Management Inc. MA reduced its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 30.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,149 shares of the construction company’s stock after selling 3,618 shares during the period. Delphi Management Inc. MA’s holdings in Sterling Infrastructure were worth $1,373,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Cibc World Markets Corp bought a new position in shares of Sterling Infrastructure in the fourth quarter worth approximately $470,000. Harbour Investments Inc. boosted its position in shares of Sterling Infrastructure by 8.5% in the fourth quarter. Harbour Investments Inc. now owns 7,386 shares of the construction company’s stock worth $1,244,000 after purchasing an additional 579 shares during the period. Globeflex Capital L P boosted its position in shares of Sterling Infrastructure by 72.7% in the fourth quarter. Globeflex Capital L P now owns 5,165 shares of the construction company’s stock worth $870,000 after purchasing an additional 2,174 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Sterling Infrastructure by 30.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,233 shares of the construction company’s stock worth $713,000 after purchasing an additional 977 shares during the period. Finally, RPg Family Wealth Advisory LLC boosted its position in shares of Sterling Infrastructure by 1.7% in the fourth quarter. RPg Family Wealth Advisory LLC now owns 30,750 shares of the construction company’s stock worth $5,180,000 after purchasing an additional 519 shares during the period. 80.95% of the stock is currently owned by institutional investors.

Insider Transactions at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the stock in a transaction dated 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 directly owns 25,901 shares in the company, valued at $4,555,726.89. This represents a 7.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

STRL has been the topic of several research analyst reports. DA Davidson raised shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a report on Thursday, February 27th. StockNews.com raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Finally, William Blair initiated coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They issued an “outperform” rating on the stock.

Sterling Infrastructure Trading Down 0.7 %

Shares of STRL opened at $120.49 on Tuesday. Sterling Infrastructure, Inc. has a twelve month low of $93.50 and a twelve month high of $206.07. The company has a market cap of $3.69 billion, a P/E ratio of 20.35, a P/E/G ratio of 1.28 and a beta of 1.32. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The company’s fifty day simple moving average is $143.41 and its 200-day simple moving average is $155.74.

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.