Benjamin Edwards Inc. Purchases New Holdings in Sterling Infrastructure, Inc. $STRL

Key Points

• Benjamin Edwards Inc. invested approximately $387,000 in Sterling Infrastructure, purchasing 3,420 shares during the first quarter.
• Over 80% of Sterling Infrastructure's stock is currently owned by institutional investors, reflecting increased interest from various hedge funds.
• Analysts have raised their ratings on Sterling Infrastructure, with DA Davidson increasing the price target from $265 to $355 and upgrading the stock to a "buy" rating.

Benjamin Edwards Inc. acquired a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 3,420 shares of the construction company's stock, valued at approximately $387,000.

Other large investors also recently modified their holdings of the company. Assetmark Inc. raised its stake in Sterling Infrastructure by 5.4% in the first quarter. Assetmark Inc. now owns 1,372 shares of the construction company's stock valued at $155,000 after purchasing an additional 70 shares in the last quarter. Peterson Wealth Services increased its holdings in Sterling Infrastructure by 2.1% in the 1st quarter. Peterson Wealth Services now owns 5,054 shares of the construction company's stock valued at $572,000 after buying an additional 103 shares during the period. D.A. Davidson & CO. raised its position in shares of Sterling Infrastructure by 5.0% in the 1st quarter. D.A. Davidson & CO. now owns 2,424 shares of the construction company's stock valued at $274,000 after buying an additional 116 shares in the last quarter. JT Stratford LLC raised its position in shares of Sterling Infrastructure by 1.0% in the 4th quarter. JT Stratford LLC now owns 12,465 shares of the construction company's stock valued at $2,100,000 after buying an additional 121 shares in the last quarter. Finally, Xponance Inc. lifted its holdings in shares of Sterling Infrastructure by 6.0% during the 1st quarter. Xponance Inc. now owns 2,272 shares of the construction company's stock worth $257,000 after acquiring an additional 128 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sterling Infrastructure

In other news, Director Dana C. O'brien sold 10,154 shares of Sterling Infrastructure 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 completion of 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Mark D. Wolf sold 3,500 shares of the business'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 transaction, the general counsel owned 29,315 shares in the company, valued at $6,621,379.05. The trade was a 10.67% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.70% of the company's stock.

Sterling Infrastructure Trading Down 2.5%

Shares of Sterling Infrastructure stock traded down $7.18 during midday trading on Tuesday, reaching $276.02. The company had a trading volume of 452,452 shares, compared to its average volume of 664,044. Sterling Infrastructure, Inc. has a fifty-two week low of $96.34 and a fifty-two week high of $321.79. The stock has a fifty day moving average price of $247.73 and a 200 day moving average price of $181.29. The firm has a market cap of $8.40 billion, a PE ratio of 30.00, a P/E/G ratio of 2.09 and a beta of 1.46. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.42 and a quick ratio of 1.42.

Analyst Upgrades and Downgrades

STRL has been the subject of several research analyst reports. Wall Street Zen raised Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. DA Davidson lifted their price target on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Sterling Infrastructure has an average rating of "Buy" and an average price target of $355.00.

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.