Asset Management One Co. Ltd. Purchases 15,197 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Asset Management One Co. Ltd. increased its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 40.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,868 shares of the construction company's stock after acquiring an additional 15,197 shares during the quarter. Asset Management One Co. Ltd. owned about 0.17% of Sterling Infrastructure worth $5,985,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of STRL. Versant Capital Management Inc boosted its position in shares of Sterling Infrastructure by 355.8% in the first quarter. Versant Capital Management Inc now owns 237 shares of the construction company's stock valued at $27,000 after acquiring an additional 185 shares during the period. Opal Wealth Advisors LLC purchased a new stake in Sterling Infrastructure in the first quarter valued at approximately $28,000. SBI Securities Co. Ltd. purchased a new stake in Sterling Infrastructure in the fourth quarter valued at approximately $39,000. Huntington National Bank raised its stake in Sterling Infrastructure by 34.6% in the fourth quarter. Huntington National Bank now owns 288 shares of the construction company's stock valued at $49,000 after purchasing an additional 74 shares in the last quarter. Finally, National Bank of Canada FI purchased a new stake in Sterling Infrastructure in the fourth quarter valued at approximately $56,000. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Trading Up 1.3%

Shares of STRL opened at $231.51 on Friday. The firm has a market cap of $7.04 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 1.91 and a beta of 1.37. 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 fifty-two week low of $93.50 and a fifty-two week high of $235.23. The firm has a 50 day moving average price of $187.38 and a 200-day moving average price of $159.29.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on STRL shares. DA Davidson raised their target price on shares of 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 report on Thursday, May 22nd.

Insider Buying and Selling

In related news, Director Dana C. O'brien sold 10,154 shares of Sterling Infrastructure stock in a transaction on Monday, June 16th. The shares were sold at an average price of $206.58, for a total value of $2,097,613.32. Following the transaction, the director now directly owns 16,498 shares of the company's stock, valued at $3,408,156.84. The trade was a 38.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Mark D. Wolf sold 3,500 shares of Sterling Infrastructure stock in a transaction on Tuesday, June 24th. The stock was 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 now directly owns 29,315 shares in the company, valued at approximately $6,621,379.05. The trade was a 10.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.