Bridge City Capital LLC Sells 269 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Bridge City Capital LLC reduced its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,873 shares of the construction company’s stock after selling 269 shares during the period. Bridge City Capital LLC owned about 0.13% of Sterling Infrastructure worth $2,169,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of STRL. Goldman Sachs Group Inc. grew its stake in shares of Sterling Infrastructure by 262.5% during the second quarter. Goldman Sachs Group Inc. now owns 355,421 shares of the construction company’s stock valued at $19,832,000 after buying an additional 257,364 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Sterling Infrastructure by 174.2% in the 2nd quarter. Lazard Asset Management LLC now owns 9,593 shares of the construction company’s stock worth $535,000 after buying an additional 6,095 shares during the last quarter. Royal Bank of Canada grew its position in shares of Sterling Infrastructure by 2,182.7% in the 2nd quarter. Royal Bank of Canada now owns 351,172 shares of the construction company’s stock worth $19,596,000 after buying an additional 335,788 shares during the last quarter. Stifel Financial Corp boosted its holdings in Sterling Infrastructure by 142.3% in the second quarter. Stifel Financial Corp now owns 16,960 shares of the construction company’s stock valued at $946,000 after acquiring an additional 9,960 shares in the last quarter. Finally, HMS Capital Management LLC bought a new stake in Sterling Infrastructure in the second quarter valued at $381,000. 80.89% of the stock is currently owned by institutional investors.

Sterling Infrastructure Stock Up 1.3 %

Sterling Infrastructure stock traded up $0.82 during trading hours on Friday, hitting $66.20. 390,033 shares of the stock traded hands, compared to its average volume of 342,280. The firm’s 50-day moving average price is $72.23 and its two-hundred day moving average price is $63.86. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The company has a market cap of $2.04 billion, a PE ratio of 15.76, a PEG ratio of 0.80 and a beta of 1.27. Sterling Infrastructure, Inc. has a one year low of $30.35 and a one year high of $84.00.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Sterling Infrastructure in a report on Thursday, October 5th. They issued a “buy” rating on the stock.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc engages in the e-infrastructure, transportation, and building solutions primarily in the Southern United States, the Northeastern and Mid-Atlantic United States, the Rocky Mountain states, California, and Hawaii. It undertakes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater, and storm drainage systems for the departments of transportation in various states, regional transit authorities, airport authorities, port authorities, water authorities and railroads.