Counterpoint Mutual Funds LLC Makes New Investment in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Counterpoint Mutual Funds LLC bought a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL – Get Rating) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,899 shares of the construction company’s stock, valued at approximately $128,000.

A number of other large investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its holdings in Sterling Infrastructure by 50.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,274 shares of the construction company’s stock worth $27,000 after purchasing an additional 427 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Sterling Infrastructure by 4.5% during the second quarter. Legal & General Group Plc now owns 10,011 shares of the construction company’s stock worth $219,000 after acquiring an additional 427 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Sterling Infrastructure by 1.5% during the third quarter. California State Teachers Retirement System now owns 37,590 shares of the construction company’s stock worth $807,000 after acquiring an additional 544 shares during the last quarter. Barclays PLC grew its stake in shares of Sterling Infrastructure by 82.4% during the third quarter. Barclays PLC now owns 2,682 shares of the construction company’s stock worth $58,000 after acquiring an additional 1,212 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Sterling Infrastructure during the third quarter worth about $28,000. 77.74% of the stock is currently owned by institutional investors.

Sterling Infrastructure Stock Performance

NASDAQ STRL traded down $1.04 during trading hours on Friday, reaching $36.93. The stock had a trading volume of 483,869 shares, compared to its average volume of 282,337. The stock has a fifty day moving average of $36.48 and a 200 day moving average of $31.09. The stock has a market cap of $1.14 billion, a P/E ratio of 10.55, a price-to-earnings-growth ratio of 0.61 and a beta of 1.37. Sterling Infrastructure, Inc. has a 52-week low of $20.46 and a 52-week high of $42.00. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.34 and a current ratio of 1.34.

Insider Activity at Sterling Infrastructure

In related news, General Counsel Mark D. Wolf sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $31.82, for a total value of $111,370.00. Following the sale, the general counsel now owns 34,590 shares in the company, valued at $1,100,653.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, General Counsel Mark D. Wolf sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $31.82, for a total value of $111,370.00. Following the sale, the general counsel now owns 34,590 shares in the company, valued at $1,100,653.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Mark D. Wolf sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $41.24, for a total value of $164,960.00. Following the completion of the sale, the general counsel now owns 38,939 shares in the company, valued at approximately $1,605,844.36. The disclosure for this sale can be found here. Insiders have sold a total of 71,482 shares of company stock worth $2,821,554 over the last quarter. Insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. StockNews.com assumed coverage on Sterling Infrastructure in a research note on Thursday. They set a “buy” rating on the stock. DA Davidson boosted their price target on Sterling Infrastructure from $35.00 to $48.00 in a research note on Thursday, March 2nd.

About Sterling Infrastructure

(Get Rating)

Sterling Infrastructure, Inc engages in the provision of construction solutions. It operates through the following segments: Transportation Solutions, E-Infrastructure Solutions, and Building Solutions. The Transportation Solutions segment includes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater, and storm drainage systems.