1,903 Shares in Sterling Infrastructure, Inc. (NASDAQ:STRL) Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC acquired a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,903 shares of the construction company's stock, valued at approximately $215,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in STRL. Vanguard Group Inc. grew its stake in shares of Sterling Infrastructure by 30.0% during the fourth quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company's stock valued at $425,135,000 after purchasing an additional 581,847 shares during the last quarter. Capital Research Global Investors lifted its holdings in Sterling Infrastructure by 78.5% during the 4th quarter. Capital Research Global Investors now owns 574,976 shares of the construction company's stock worth $96,855,000 after buying an additional 252,934 shares in the last quarter. First Trust Advisors LP boosted its position in Sterling Infrastructure by 74.1% in the 4th quarter. First Trust Advisors LP now owns 356,339 shares of the construction company's stock valued at $60,025,000 after buying an additional 151,642 shares during the last quarter. Invesco Ltd. boosted its position in Sterling Infrastructure by 22.5% in the 4th quarter. Invesco Ltd. now owns 757,273 shares of the construction company's stock valued at $127,563,000 after buying an additional 139,081 shares during the last quarter. Finally, Axiom Investors LLC DE acquired a new stake in shares of Sterling Infrastructure in the 4th quarter valued at $20,373,000. Institutional investors and hedge funds own 80.95% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on STRL shares. DA Davidson upped their price target on Sterling Infrastructure from $205.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. Wall Street Zen upgraded shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd.

Insider Buying and Selling at Sterling Infrastructure

In related news, Director Dana C. O'brien sold 10,154 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were 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 now owns 16,498 shares in the company, valued at approximately $3,408,156.84. The trade was a 38.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.70% of the company's stock.

Sterling Infrastructure Price Performance

Shares of STRL stock opened at $217.97 on Monday. The firm's 50 day moving average price is $178.59 and its two-hundred day moving average price is $157.71. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.32 and a current ratio of 1.32. Sterling Infrastructure, Inc. has a 52-week low of $93.50 and a 52-week high of $233.57. The stock has a market cap of $6.63 billion, a PE ratio of 25.46, a PEG ratio of 1.80 and a beta of 1.37.

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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