11,500 Shares in Sterling Infrastructure, Inc. (NASDAQ:STRL) Bought by Blair William & Co. IL

Key Points

• Blair William & Co. IL has acquired 11,500 shares of Sterling Infrastructure, Inc. (NASDAQ:STRL), which is valued at approximately $1,302,000.
• Several institutional investors, including Sunbelt Securities Inc. and Versant Capital Management Inc., have significantly increased their stakes in Sterling Infrastructure during the first quarter, contributing to 80.95% of the stock's ownership by such firms.
• Equities analysts have upgraded Sterling Infrastructure's stock rating from "hold" to "buy", with DA Davidson increasing the price target from $265.00 to $355.00.

Blair William & Co. IL acquired a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,500 shares of the construction company's stock, valued at approximately $1,302,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. lifted its holdings in Sterling Infrastructure by 689.7% during the first quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company's stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Sterling Infrastructure by 355.8% during the first quarter. Versant Capital Management Inc now owns 237 shares of the construction company's stock valued at $27,000 after purchasing an additional 185 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in Sterling Infrastructure during the first quarter valued at $28,000. SBI Securities Co. Ltd. lifted its holdings in Sterling Infrastructure by 111.3% during the first quarter. SBI Securities Co. Ltd. now owns 488 shares of the construction company's stock valued at $55,000 after purchasing an additional 257 shares in the last quarter. Finally, National Bank of Canada FI purchased a new position in Sterling Infrastructure during the fourth quarter valued at $56,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, General Counsel Mark D. Wolf sold 3,500 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $225.87, for a total value of $790,545.00. Following the transaction, the general counsel directly owned 29,315 shares of the company's stock, valued at approximately $6,621,379.05. This trade represents a 10.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Dana C. O'brien sold 10,154 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $206.58, for a total transaction of $2,097,613.32. Following the completion of the transaction, the director directly owned 16,498 shares in the company, valued at approximately $3,408,156.84. This represents a 38.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on STRL shares. Wall Street Zen raised shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a report on Saturday. DA Davidson increased their price objective on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the company a "buy" rating in a report on Wednesday.

Sterling Infrastructure Stock Performance

NASDAQ:STRL opened at $302.69 on Friday. The company's 50-day moving average price is $236.73 and its 200-day moving average price is $175.63. The company has a current ratio of 1.42, a quick ratio of 1.32 and a debt-to-equity ratio of 0.31. The company has a market cap of $9.21 billion, a P/E ratio of 32.90, a P/E/G ratio of 2.50 and a beta of 1.46. Sterling Infrastructure, Inc. has a twelve month low of $96.34 and a twelve month high of $321.79.

Sterling Infrastructure 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.

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