CW Advisors LLC Has $10.37 Million Stock Holdings in Sterling Infrastructure, Inc. $STRL

Key Points

• CW Advisors LLC increased its stake in Sterling Infrastructure, acquiring an additional 3,165 shares, bringing their total ownership to approximately 90,617 shares valued at $10.37 million.
• Sterling Infrastructure has recently seen a rise in its stock price, which opened at $278.03, with market analysts forecasting a bullish outlook and a target price increase to $355.
• Insider activity includes the sale of shares by General Counsel Mark D. Wolf and Director Dana C. O'Brien, reflecting a 10.67% and 38.10% decrease in their respective holdings.

CW Advisors LLC lifted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 3.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,617 shares of the construction company's stock after purchasing an additional 3,165 shares during the quarter. CW Advisors LLC owned 0.30% of Sterling Infrastructure worth $10,372,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Sterling Infrastructure by 38.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,804 shares of the construction company's stock valued at $544,000 after purchasing an additional 1,337 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Sterling Infrastructure by 30.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 78,454 shares of the construction company's stock valued at $8,882,000 after purchasing an additional 18,254 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of Sterling Infrastructure by 5.0% during the 1st quarter. D.A. Davidson & CO. now owns 2,424 shares of the construction company's stock valued at $274,000 after purchasing an additional 116 shares during the last quarter. Hudson Edge Investment Partners Inc. bought a new stake in shares of Sterling Infrastructure during the 1st quarter valued at approximately $823,000. Finally, Sowell Financial Services LLC bought a new stake in shares of Sterling Infrastructure during the 1st quarter valued at approximately $215,000. 80.95% of the stock is owned by institutional investors.

Sterling Infrastructure Trading Up 2.5%

Shares of NASDAQ STRL traded up $6.91 during midday trading on Monday, reaching $286.49. The stock had a trading volume of 301,181 shares, compared to its average volume of 657,438. The firm has a market cap of $8.72 billion, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 2.13 and a beta of 1.46. Sterling Infrastructure, Inc. has a twelve month low of $96.34 and a twelve month high of $321.79. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.42 and a current ratio of 1.42. The company's 50 day moving average price is $253.70 and its 200 day moving average price is $185.08.

Insider Buying and Selling

In related news, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dana C. O'brien sold 10,154 shares of the business's stock in a transaction on 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 owned 16,498 shares in the company, valued at $3,408,156.84. The trade was a 38.10% decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on STRL shares. DA Davidson lifted their target price on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Wall Street Zen raised shares of Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a report on Friday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $355.00.

About Sterling Infrastructure

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.