CWA Asset Management Group LLC Acquires 9,307 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

CWA Asset Management Group LLC raised its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 110.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,722 shares of the construction company's stock after purchasing an additional 9,307 shares during the period. CWA Asset Management Group LLC owned approximately 0.06% of Sterling Infrastructure worth $2,006,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Prosperity Wealth Management Inc. acquired a new stake in Sterling Infrastructure in the first quarter valued at approximately $318,000. Sowell Financial Services LLC acquired a new stake in Sterling Infrastructure during the 1st quarter worth approximately $215,000. Opal Wealth Advisors LLC bought a new stake in Sterling Infrastructure during the 1st quarter worth approximately $28,000. Wealth Enhancement Advisory Services LLC increased its position in Sterling Infrastructure by 38.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,804 shares of the construction company's stock valued at $544,000 after acquiring an additional 1,337 shares during the period. Finally, Baker Ellis Asset Management LLC raised its stake in shares of Sterling Infrastructure by 2.2% during the first quarter. Baker Ellis Asset Management LLC now owns 55,420 shares of the construction company's stock valued at $6,274,000 after acquiring an additional 1,210 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Sterling Infrastructure 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 transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

Sterling Infrastructure Stock Up 1.2%

STRL stock traded up $2.61 during mid-day trading on Thursday, reaching $223.97. 1,041,622 shares of the company traded hands, compared to its average volume of 510,932. The stock has a market cap of $6.81 billion, a price-to-earnings ratio of 26.16, a P/E/G ratio of 1.84 and a beta of 1.37. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $233.57. The firm's 50 day moving average price is $176.97 and its 200 day moving average price is $158.09. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.34.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on STRL shares. Wall Street Zen upgraded Sterling Infrastructure from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. DA Davidson upped their price target on Sterling Infrastructure from $205.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday.

Sterling Infrastructure 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.