Dakota Wealth Management Sells 1,104 Shares of Sterling Infrastructure, Inc. $STRL

Key Points

• Dakota Wealth Management has reduced its stake in Sterling Infrastructure, Inc. by 32.2%, selling 1,104 shares and now owning 2,325 shares valued at $536,000.
• Institutional investors currently hold 80.95% of Sterling Infrastructure's stock, with several funds either increasing or initiating stakes in the company during the second quarter.
• Analysts have upgraded Sterling Infrastructure's stock rating, with a consensus rating of "Buy" and an average price target of $355.00, reflecting positive market sentiment.

Dakota Wealth Management reduced its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 32.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,325 shares of the construction company's stock after selling 1,104 shares during the period. Dakota Wealth Management's holdings in Sterling Infrastructure were worth $536,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Significant Wealth Partners LLC raised its stake in Sterling Infrastructure by 7.9% in the 2nd quarter. Significant Wealth Partners LLC now owns 2,079 shares of the construction company's stock valued at $480,000 after acquiring an additional 153 shares during the period. Public Employees Retirement System of Ohio raised its stake in Sterling Infrastructure by 336.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 894 shares of the construction company's stock valued at $206,000 after acquiring an additional 689 shares during the period. Drum Hill Capital LLC bought a new stake in shares of Sterling Infrastructure during the second quarter valued at about $365,000. Maseco LLP bought a new stake in shares of Sterling Infrastructure during the second quarter valued at about $70,000. Finally, MCF Advisors LLC increased its position in shares of Sterling Infrastructure by 97.7% during the second quarter. MCF Advisors LLC now owns 172 shares of the construction company's stock valued at $40,000 after buying an additional 85 shares during the period. 80.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. DA Davidson upped their price target on Sterling Infrastructure from $265.00 to $355.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Zacks Research upgraded Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 5th. Finally, Wall Street Zen cut Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. According to data from MarketBeat.com, Sterling Infrastructure presently has a consensus rating of "Buy" and an average price target of $355.00.

Sterling Infrastructure Stock Up 1.1%

STRL stock opened at $342.11 on Monday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.31. The company's 50 day moving average is $293.55 and its 200 day moving average is $217.49. The stock has a market cap of $10.41 billion, a price-to-earnings ratio of 37.19, a price-to-earnings-growth ratio of 2.53 and a beta of 1.35. Sterling Infrastructure, Inc. has a 1-year low of $96.34 and a 1-year high of $376.75.

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.

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