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) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 419 shares of the construction company’s stock, valued at approximately $71,000.

Other hedge funds have also recently modified their holdings of the company. Quarry LP lifted its position in shares of Sterling Infrastructure by 510.7% in the third quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $25,000 after buying an additional 143 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Sterling Infrastructure in the 3rd quarter worth approximately $26,000. Huntington National Bank raised its holdings in shares of Sterling Infrastructure by 21,300.0% during the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company’s stock worth $31,000 after acquiring an additional 213 shares in the last quarter. Signaturefd LLC boosted its position in shares of Sterling Infrastructure by 119.3% during the 3rd quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock valued at $43,000 after acquiring an additional 161 shares during the last quarter. Finally, Private Trust Co. NA purchased a new position in shares of Sterling Infrastructure in the third quarter valued at $78,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analysts Set New Price Targets

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

Insider Transactions at Sterling Infrastructure

In related news, Director Dana C. O’brien sold 2,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the sale, the director now directly owns 25,901 shares of the company’s stock, valued at $4,555,726.89. This represents a 7.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.70% of the company’s stock.

Sterling Infrastructure Stock Performance

NASDAQ:STRL opened at $116.29 on Friday. The firm has a market capitalization of $3.57 billion, a PE ratio of 19.64, a PEG ratio of 1.31 and a beta of 1.24. The stock’s fifty day moving average is $160.76 and its 200 day moving average is $154.31. Sterling Infrastructure, Inc. has a fifty-two week low of $83.40 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.

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.