Virtu Financial LLC Acquires Shares of 7,982 Sterling Infrastructure, Inc. (NASDAQ:STRL)

Key Points

• Virtu Financial LLC acquired 7,982 shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the first quarter, valued at approximately $904,000.
• Several institutional investors increased their holdings in STRL, with hedge funds and other institutional investors now owning 80.95% of the company's stock.
• Shares of Sterling Infrastructure have decreased by 4.2%, with a current market valuation of $8.82 billion and a P/E ratio of 31.51.

Virtu Financial LLC purchased a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,982 shares of the construction company's stock, valued at approximately $904,000.

Several other institutional investors have also added to or reduced their stakes in the business. Sunbelt Securities Inc. lifted its stake in shares of Sterling Infrastructure by 689.7% during the first quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company's stock worth $26,000 after buying an additional 200 shares during the period. Versant Capital Management Inc lifted its stake in shares of Sterling Infrastructure by 355.8% during the first quarter. Versant Capital Management Inc now owns 237 shares of the construction company's stock worth $27,000 after buying an additional 185 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of Sterling Infrastructure during the first quarter worth $28,000. SBI Securities Co. Ltd. lifted its stake in shares of Sterling Infrastructure by 111.3% during the first quarter. SBI Securities Co. Ltd. now owns 488 shares of the construction company's stock worth $55,000 after buying an additional 257 shares during the period. Finally, IFP Advisors Inc lifted its stake in shares of Sterling Infrastructure by 40.5% during the first quarter. IFP Advisors Inc now owns 923 shares of the construction company's stock worth $104,000 after buying an additional 266 shares during the period. Institutional investors and hedge funds own 80.95% of the company's stock.

Insider Buying and Selling at Sterling Infrastructure

In related news, General Counsel Mark D. Wolf sold 3,500 shares of the firm's stock in a transaction on 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 transaction, the general counsel owned 29,315 shares of the company's stock, valued at $6,621,379.05. This trade represents a 10.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dana C. O'brien sold 10,154 shares of the firm's stock in a transaction on 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 transaction, the director directly owned 16,498 shares of the company's stock, valued at approximately $3,408,156.84. This trade represents a 38.10% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.70% of the company's stock.

Sterling Infrastructure Stock Performance

Shares of Sterling Infrastructure stock traded down $15.93 during trading on Wednesday, hitting $292.47. 624,265 shares of the company's stock were exchanged, compared to its average volume of 556,978. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.42 and a current ratio of 1.42. The business has a 50-day simple moving average of $243.00 and a 200-day simple moving average of $177.91. Sterling Infrastructure, Inc. has a 52-week low of $96.34 and a 52-week high of $321.79. The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 2.34 and a beta of 1.46.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on STRL. Wall Street Zen upgraded shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Saturday. DA Davidson lifted 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.

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.