Advisory Alpha LLC Takes Position in Sterling Infrastructure, Inc. $STRL

Key Points

• Advisory Alpha LLC has made a new investment in Sterling Infrastructure, acquiring 2,076 shares valued at approximately $235,000 during the first quarter.
• Institutional investors and hedge funds now own 80.95% of Sterling Infrastructure's stock, with notable increases in holdings from multiple firms in the same quarter.
• Analysts have mixed ratings for Sterling Infrastructure, with Zacks Research upgrading it to a "strong-buy" while DA Davidson increased the target price to $355.00, reflecting positive growth expectations.

Advisory Alpha LLC bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,076 shares of the construction company's stock, valued at approximately $235,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Sterling Infrastructure by 6.3% during the first quarter. Vanguard Group Inc. now owns 2,682,995 shares of the construction company's stock worth $303,742,000 after purchasing an additional 159,191 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in Sterling Infrastructure by 7.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,498,999 shares of the construction company's stock worth $169,702,000 after purchasing an additional 105,222 shares during the period. Congress Asset Management Co. increased its stake in Sterling Infrastructure by 6.5% during the first quarter. Congress Asset Management Co. now owns 532,198 shares of the construction company's stock worth $60,250,000 after purchasing an additional 32,255 shares during the period. GW&K Investment Management LLC increased its stake in Sterling Infrastructure by 37.7% during the first quarter. GW&K Investment Management LLC now owns 500,028 shares of the construction company's stock worth $56,608,000 after purchasing an additional 136,777 shares during the period. Finally, Millennium Management LLC increased its stake in Sterling Infrastructure by 743.9% during the first quarter. Millennium Management LLC now owns 493,393 shares of the construction company's stock worth $55,857,000 after purchasing an additional 434,925 shares during the period. Institutional investors and hedge funds own 80.95% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on STRL. Wall Street Zen upgraded shares of Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Zacks Research upgraded shares of Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 5th. Finally, DA Davidson upped their target price 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. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $355.00.

Insider Transactions at Sterling Infrastructure

In related news, General Counsel Mark D. Wolf sold 3,500 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $225.87, for a total value of $790,545.00. Following the completion of the transaction, the general counsel directly owned 29,315 shares of the company's stock, valued at $6,621,379.05. This 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 through this hyperlink. 2.70% of the stock is owned by company insiders.

Sterling Infrastructure Stock Up 3.0%

STRL traded up $9.35 on Monday, reaching $322.90. The company's stock had a trading volume of 490,951 shares, compared to its average volume of 637,835. The stock has a 50 day moving average of $272.84 and a two-hundred day moving average of $201.85. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $9.82 billion, a price-to-earnings ratio of 35.10, a P/E/G ratio of 2.32 and a beta of 1.35. Sterling Infrastructure, Inc. has a fifty-two week low of $96.34 and a fifty-two week high of $326.82.

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.