Arcadia Investment Management Corp MI Acquires Shares of 419 Sterling Infrastructure, Inc. (NASDAQ:STRL)

Arcadia Investment Management Corp MI acquired a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 419 shares of the construction company’s stock, valued at approximately $71,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in STRL. Quarry LP lifted its holdings in Sterling Infrastructure by 510.7% in the 3rd 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 bought a new position in shares of Sterling Infrastructure during the third quarter valued at approximately $26,000. Huntington National Bank raised its holdings in shares of Sterling Infrastructure by 21,300.0% during the third quarter. Huntington National Bank now owns 214 shares of the construction company’s stock valued at $31,000 after acquiring an additional 213 shares in the last quarter. Signaturefd LLC lifted its stake in Sterling Infrastructure by 119.3% in the third quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock worth $43,000 after acquiring an additional 161 shares during the period. Finally, Private Trust Co. NA bought a new stake in Sterling Infrastructure in the third quarter valued at $78,000. Institutional investors own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on STRL shares. William Blair assumed coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating for the company. StockNews.com raised Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Thursday.

Sterling Infrastructure Trading Down 6.4 %

Sterling Infrastructure stock opened at $116.29 on Friday. The business’s fifty day moving average is $160.76 and its 200 day moving average is $154.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $3.57 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 1.31 and a beta of 1.24. Sterling Infrastructure, Inc. has a one year low of $83.40 and a one year high of $206.07.

Insider Buying and Selling at Sterling Infrastructure

In related news, Director Dana C. O’brien sold 2,000 shares of the firm’s stock in a transaction on 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 directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.70% of the company’s stock.

Sterling Infrastructure Company 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.