Navellier & Associates Inc. Grows Stock Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Navellier & Associates Inc. raised its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 67.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,023 shares of the construction company’s stock after buying an additional 2,018 shares during the period. Navellier & Associates Inc.’s holdings in Sterling Infrastructure were worth $846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Chartwell Investment Partners LLC boosted its position in Sterling Infrastructure by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 8,958 shares of the construction company’s stock valued at $1,299,000 after buying an additional 70 shares during the period. Willis Investment Counsel raised its holdings in shares of Sterling Infrastructure by 1.4% in the 4th 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 in the last quarter. Quarry LP raised its holdings in shares of Sterling Infrastructure by 510.7% in the 3rd 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 raised its holdings in shares of Sterling Infrastructure by 119.3% in the 3rd quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock valued at $43,000 after purchasing an additional 161 shares in the last quarter. Finally, Aprio Wealth Management LLC raised its holdings in shares of Sterling Infrastructure by 5.4% in the 4th quarter. Aprio Wealth Management LLC now owns 3,161 shares of the construction company’s stock valued at $532,000 after purchasing an additional 161 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Trading Down 6.4 %

NASDAQ STRL opened at $116.29 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The firm has a market cap of $3.57 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 1.28 and a beta of 1.24. The company has a 50 day moving average price of $160.76 and a 200 day moving average price of $154.64. Sterling Infrastructure, Inc. has a 52 week low of $83.40 and a 52 week high of $206.07.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, Director Dana C. O’brien sold 2,000 shares of the business’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 completion of the transaction, the director now owns 25,901 shares in the company, valued at $4,555,726.89. The trade was a 7.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.70% of the stock is currently owned by company insiders.

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.