Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC lessened its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 9.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,574 shares of the construction company’s stock after selling 1,744 shares during the quarter. Forvis Mazars Wealth Advisors LLC owned about 0.06% of Sterling Infrastructure worth $2,960,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Sterling Infrastructure by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 719,980 shares of the construction company’s stock worth $104,431,000 after buying an additional 3,918 shares in the last quarter. State Street Corp grew its stake in shares of Sterling Infrastructure by 0.7% in the third quarter. State Street Corp now owns 713,234 shares of the construction company’s stock worth $103,433,000 after acquiring an additional 5,106 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Sterling Infrastructure by 7.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company’s stock worth $111,873,000 after acquiring an additional 49,008 shares during the period. Congress Asset Management Co. raised its stake in shares of Sterling Infrastructure by 19.1% in the third quarter. Congress Asset Management Co. now owns 647,924 shares of the construction company’s stock valued at $93,962,000 after acquiring an additional 104,096 shares in the last quarter. Finally, Loomis Sayles & Co. L P boosted its holdings in Sterling Infrastructure by 4.9% in the third quarter. Loomis Sayles & Co. L P now owns 380,972 shares of the construction company’s stock valued at $55,248,000 after purchasing an additional 17,863 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Price Performance

Sterling Infrastructure stock opened at $116.29 on Monday. 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 has a fifty day simple moving average of $160.76 and a 200-day simple moving average of $155.00. The stock has a market cap of $3.57 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 1.28 and a beta of 1.24. Sterling Infrastructure, Inc. has a 12-month low of $83.40 and a 12-month high of $206.07.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on STRL. StockNews.com upgraded Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday. William Blair initiated coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They set an “outperform” rating on the stock.

Insider Buying and Selling at Sterling Infrastructure

In other news, Director Dana C. O’brien sold 2,000 shares of the 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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.70% of the stock is owned by insiders.

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.