Advantage Alpha Capital Partners LP Purchases 23,117 Shares of Sterling Infrastructure, Inc. $STRL

Key Points

• Advantage Alpha Capital Partners LP significantly increased its stake in Sterling Infrastructure, Inc. by 196.6%, now owning approximately 0.11% of the company valued at $3.95 million.
• Shares of Sterling Infrastructure opened at $278.03, with a market cap of $8.46 billion, following a recent uptick of 1.1%.
• Recent analyst ratings indicate a bullish outlook, with DA Davidson raising the target price from $265 to $355, alongside a consensus rating of "Buy" among analysts.

Advantage Alpha Capital Partners LP lifted its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 196.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 34,878 shares of the construction company's stock after purchasing an additional 23,117 shares during the period. Advantage Alpha Capital Partners LP owned 0.11% of Sterling Infrastructure worth $3,949,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in STRL. Sunbelt Securities Inc. grew its holdings in Sterling Infrastructure by 689.7% during the 1st quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company's stock worth $26,000 after acquiring an additional 200 shares during the last quarter. Versant Capital Management Inc lifted its position 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 purchasing an additional 185 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Sterling Infrastructure during the first quarter worth approximately $28,000. SBI Securities Co. Ltd. grew 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 valued at $55,000 after purchasing an additional 257 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of Sterling Infrastructure by 40.5% in the first quarter. IFP Advisors Inc now owns 923 shares of the construction company's stock valued at $104,000 after purchasing an additional 266 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on STRL. DA Davidson upped their price objective on Sterling Infrastructure from $265.00 to $355.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen upgraded Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Sterling Infrastructure presently has a consensus rating of "Buy" and an average target price of $355.00.

Sterling Infrastructure Trading Up 2.5%

STRL stock traded up $6.91 during midday trading on Monday, reaching $286.49. The company's stock had a trading volume of 301,181 shares, compared to its average volume of 657,438. The business's 50-day simple moving average is $253.70 and its 200-day simple moving average is $185.08. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.31. Sterling Infrastructure, Inc. has a 52 week low of $96.34 and a 52 week high of $321.79. The stock has a market cap of $8.72 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 2.13 and a beta of 1.46.

Insider Buying and Selling at Sterling Infrastructure

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 3,500 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $225.87, for a total value of $790,545.00. Following the transaction, the general counsel owned 29,315 shares of the company's stock, valued at approximately $6,621,379.05. This represents a 10.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 value of $2,097,613.32. Following the transaction, the director owned 16,498 shares in the company, 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. 2.70% of the stock is owned by company insiders.

Sterling Infrastructure Company 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.