CWA Asset Management Group LLC Has $2.01 Million Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

CWA Asset Management Group LLC increased its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 110.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 17,722 shares of the construction company's stock after buying an additional 9,307 shares during the period. CWA Asset Management Group LLC owned 0.06% of Sterling Infrastructure worth $2,006,000 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. Prosperity Wealth Management Inc. bought a new stake in shares of Sterling Infrastructure during the 1st quarter worth about $318,000. Sowell Financial Services LLC bought a new stake in shares of Sterling Infrastructure during the 1st quarter worth about $215,000. Opal Wealth Advisors LLC bought a new stake in shares of Sterling Infrastructure during the 1st quarter worth about $28,000. Wealth Enhancement Advisory Services LLC boosted 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 worth $544,000 after buying an additional 1,337 shares during the period. Finally, Baker Ellis Asset Management LLC boosted its holdings in shares of Sterling Infrastructure by 2.2% during the 1st quarter. Baker Ellis Asset Management LLC now owns 55,420 shares of the construction company's stock worth $6,274,000 after buying an additional 1,210 shares during the period. Institutional investors own 80.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. 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.

Sterling Infrastructure Stock Performance

Sterling Infrastructure stock traded down $6.00 during midday trading on Friday, hitting $217.97. The company's stock had a trading volume of 1,089,909 shares, compared to its average volume of 514,303. Sterling Infrastructure, Inc. has a 1-year low of $93.50 and a 1-year high of $233.57. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.32 and a quick ratio of 1.32. The company has a 50-day moving average price of $178.59 and a two-hundred day moving average price of $157.96. The company has a market cap of $6.63 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 1.81 and a beta of 1.37.

Insiders Place Their Bets

In other news, Director Dana C. O'brien sold 10,154 shares of the business's stock in a transaction that occurred on 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 transaction, the director now directly owns 16,498 shares in the company, valued at approximately $3,408,156.84. The trade was a 38.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.70% of the company's stock.

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.