Balboa Wealth Partners Buys 4,817 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Balboa Wealth Partners increased its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 43.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 15,841 shares of the construction company's stock after buying an additional 4,817 shares during the period. Balboa Wealth Partners owned 0.05% of Sterling Infrastructure worth $1,793,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Sterling Infrastructure by 30.0% during the 4th quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company's stock worth $425,135,000 after buying an additional 581,847 shares during the period. Invesco Ltd. boosted its holdings in shares of Sterling Infrastructure by 22.5% during the 4th quarter. Invesco Ltd. now owns 757,273 shares of the construction company's stock worth $127,563,000 after buying an additional 139,081 shares during the period. Capital Research Global Investors boosted its holdings in shares of Sterling Infrastructure by 78.5% during the 4th quarter. Capital Research Global Investors now owns 574,976 shares of the construction company's stock worth $96,855,000 after buying an additional 252,934 shares during the period. Congress Asset Management Co. boosted its holdings in shares of Sterling Infrastructure by 6.5% during the 1st quarter. Congress Asset Management Co. now owns 532,198 shares of the construction company's stock worth $60,250,000 after buying an additional 32,255 shares during the period. Finally, GW&K Investment Management LLC boosted its holdings in shares of Sterling Infrastructure by 3.4% during the 4th quarter. GW&K Investment Management LLC now owns 363,251 shares of the construction company's stock worth $61,190,000 after buying an additional 12,064 shares during the period. Institutional investors own 80.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on STRL. Wall Street Zen raised shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. DA Davidson lifted their target price on shares of Sterling Infrastructure from $205.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th.

Sterling Infrastructure Stock Performance

NASDAQ STRL opened at $222.50 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $6.77 billion, a P/E ratio of 25.99, a P/E/G ratio of 1.80 and a beta of 1.37. Sterling Infrastructure, Inc. has a 12-month low of $93.50 and a 12-month high of $233.57. The firm has a 50-day moving average price of $180.34 and a two-hundred day moving average price of $157.89.

Insider Buying and Selling at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O'brien sold 10,154 shares of the business's stock in a transaction dated 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 completion of the sale, the director now owns 16,498 shares of the company's stock, valued at $3,408,156.84. The trade was a 38.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.70% of the company's stock.

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.

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