Cambridge Investment Research Advisors Inc. lifted its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 11.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,429 shares of the construction company's stock after buying an additional 3,284 shares during the quarter. Cambridge Investment Research Advisors Inc. owned approximately 0.10% of Sterling Infrastructure worth $3,558,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Sterling Infrastructure during the 4th quarter valued at $39,000. Versant Capital Management Inc lifted its stake in Sterling Infrastructure by 355.8% in the 1st 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 purchased a new stake in Sterling Infrastructure in the 1st quarter worth $28,000. Huntington National Bank lifted its stake in Sterling Infrastructure by 34.6% in the 4th quarter. Huntington National Bank now owns 288 shares of the construction company's stock worth $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 4th quarter worth $56,000. Hedge funds and other institutional investors own 80.95% of the company's stock.
Sterling Infrastructure Stock Up 1.3%
Shares of STRL stock opened at $231.51 on Friday. The stock has a market cap of $7.04 billion, a P/E ratio of 27.05, a PEG ratio of 1.91 and a beta of 1.37. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $235.23. 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's fifty day simple moving average is $187.38 and its two-hundred day simple moving average is $159.29.
Wall Street Analyst Weigh In
STRL has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. DA Davidson boosted their price target on shares of Sterling Infrastructure from $205.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th.
Read Our Latest Stock Analysis on Sterling Infrastructure
Insider Activity at Sterling Infrastructure
In related news, General Counsel Mark D. Wolf sold 3,500 shares of the company's stock in a transaction dated 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 now directly owns 29,315 shares in the company, valued at approximately $6,621,379.05. This represents a 10.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dana C. O'brien sold 10,154 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $206.58, for a total transaction of $2,097,613.32. Following the transaction, the director now owns 16,498 shares in the company, valued at $3,408,156.84. The trade was a 38.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.
About Sterling Infrastructure
(
Free Report)
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.
Further Reading
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