Two Sigma Securities LLC Sells 262 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Two Sigma Securities LLC cut its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 7.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,207 shares of the construction company’s stock after selling 262 shares during the period. Two Sigma Securities LLC’s holdings in Sterling Infrastructure were worth $540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new position in Sterling Infrastructure in the 4th quarter valued at $39,000. Huntington National Bank increased its position in Sterling Infrastructure by 34.6% during the fourth quarter. Huntington National Bank now owns 288 shares of the construction company’s stock worth $49,000 after acquiring an additional 74 shares during the period. National Bank of Canada FI bought a new position in Sterling Infrastructure during the fourth quarter worth about $56,000. Arcadia Investment Management Corp MI acquired a new stake in Sterling Infrastructure in the 4th quarter worth about $71,000. Finally, Venturi Wealth Management LLC boosted its holdings in Sterling Infrastructure by 1,369.0% in the 4th quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company’s stock valued at $104,000 after purchasing an additional 575 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a research report on Wednesday, April 9th. DA Davidson raised 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. Finally, William Blair assumed coverage on Sterling Infrastructure in a report on Friday, January 17th. They set an “outperform” rating on the stock.

Sterling Infrastructure Stock Performance

Shares of Sterling Infrastructure stock opened at $151.75 on Friday. The company has a 50 day moving average of $124.76 and a 200-day moving average of $154.25. The company has a market cap of $4.62 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 1.28 and a beta of 1.19. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure, Inc. has a 1-year low of $93.50 and a 1-year high of $206.07.

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.