Farther Finance Advisors LLC Trims Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Farther Finance Advisors LLC trimmed its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 13.9% in the 4th quarter, HoldingsChannel reports. The fund owned 1,420 shares of the construction company’s stock after selling 229 shares during the quarter. Farther Finance Advisors LLC’s holdings in Sterling Infrastructure were worth $239,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in Sterling Infrastructure by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 719,980 shares of the construction company’s stock worth $104,431,000 after acquiring an additional 3,918 shares in the last quarter. State Street Corp grew its holdings in Sterling Infrastructure by 0.7% during the 3rd quarter. State Street Corp now owns 713,234 shares of the construction company’s stock valued at $103,433,000 after buying an additional 5,106 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Sterling Infrastructure by 7.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company’s stock valued at $111,873,000 after buying an additional 49,008 shares in the last quarter. Loomis Sayles & Co. L P grew its holdings in Sterling Infrastructure by 4.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 380,972 shares of the construction company’s stock valued at $55,248,000 after buying an additional 17,863 shares in the last quarter. Finally, GW&K Investment Management LLC grew its holdings in Sterling Infrastructure by 3.4% during the 4th quarter. GW&K Investment Management LLC now owns 363,251 shares of the construction company’s stock valued at $61,190,000 after buying an additional 12,064 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Trading Down 2.0 %

STRL stock opened at $118.04 on Wednesday. The firm has a fifty day moving average price of $142.42 and a 200 day moving average price of $155.73. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $206.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $3.61 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on STRL shares. William Blair started coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They set an “outperform” rating for the company. StockNews.com raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Finally, DA Davidson raised shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a report on Thursday, February 27th.

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.