36,270 Shares in Sterling Infrastructure, Inc. $STRL Bought by Walleye Capital LLC

Key Points

• Walleye Capital LLC acquired 36,270 shares of Sterling Infrastructure, Inc. for approximately $4.1 million, bringing their stake to 0.12% at the end of the reporting period.
• Several institutional investors increased their holdings in Sterling Infrastructure significantly, with Advantage Alpha Capital Partners boosting its stake by 196.6%, now owning nearly 35,000 shares valued at about $3.9 million.
• Wall Street analysts have upgraded the stock to a "strong-buy" rating, with a consensus price target of $355.00, indicating positive sentiment in the market.

Walleye Capital LLC acquired a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,270 shares of the construction company's stock, valued at approximately $4,106,000. Walleye Capital LLC owned 0.12% of Sterling Infrastructure at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. AlphaQuest LLC boosted its position in shares of Sterling Infrastructure by 49.6% during the first quarter. AlphaQuest LLC now owns 549 shares of the construction company's stock worth $62,000 after buying an additional 182 shares during the period. Van Hulzen Asset Management LLC boosted its position in Sterling Infrastructure by 138.5% during the 1st quarter. Van Hulzen Asset Management LLC now owns 10,972 shares of the construction company's stock worth $1,242,000 after acquiring an additional 6,371 shares during the last quarter. Advantage Alpha Capital Partners LP boosted its position in Sterling Infrastructure by 196.6% during the 1st quarter. Advantage Alpha Capital Partners LP now owns 34,878 shares of the construction company's stock worth $3,949,000 after acquiring an additional 23,117 shares during the last quarter. CW Advisors LLC boosted its position in Sterling Infrastructure by 3.6% during the 1st quarter. CW Advisors LLC now owns 91,617 shares of the construction company's stock worth $10,372,000 after acquiring an additional 3,165 shares during the last quarter. Finally, JT Stratford LLC boosted its position in Sterling Infrastructure by 26.3% during the 1st quarter. JT Stratford LLC now owns 15,740 shares of the construction company's stock worth $1,782,000 after acquiring an additional 3,275 shares during the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Trading Up 2.3%

Shares of NASDAQ:STRL opened at $292.95 on Wednesday. The company has a 50-day simple moving average of $256.67 and a 200 day simple moving average of $186.78. Sterling Infrastructure, Inc. has a 52-week low of $96.34 and a 52-week high of $321.79. The company has a market capitalization of $8.91 billion, a P/E ratio of 31.84, a price-to-earnings-growth ratio of 2.18 and a beta of 1.46. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.42 and a current ratio of 1.42.

Wall Street Analyst Weigh In

Several brokerages recently commented on STRL. Wall Street Zen upgraded shares of Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a report on Friday, August 22nd. DA Davidson increased their price objective on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $355.00.

Insider Buying and Selling at Sterling Infrastructure

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 transaction of $790,545.00. Following the completion of the sale, the general counsel owned 29,315 shares in the company, valued at approximately $6,621,379.05. This trade represents a 10.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 sale, the director owned 16,498 shares of the company's stock, valued at approximately $3,408,156.84. This represents a 38.10% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.70% of the company's stock.

About Sterling Infrastructure

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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