Drum Hill Capital LLC Purchases Shares of 1,580 Sterling Infrastructure, Inc. $STRL

Key Points

• Drum Hill Capital LLC acquired 1,580 shares of Sterling Infrastructure, Inc. valued at approximately $365,000 as part of their new stake in the construction company during the second quarter.
• Institutional ownership of Sterling Infrastructure is high, with 80.95% of the stock held by institutional investors and hedge funds following significant increases in positions by firms like Sunbelt Securities and Versant Capital Management.
• Analysts are optimistic about Sterling Infrastructure, with a consensus rating of "Buy" and a price target increased to $355.00 from previous estimates, indicating a strong market confidence in the company's performance.

Drum Hill Capital LLC purchased a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,580 shares of the construction company's stock, valued at approximately $365,000.

A number of other institutional investors have also made changes to their positions in STRL. Sunbelt Securities Inc. increased its position in shares of Sterling Infrastructure by 689.7% during the first quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company's stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Sterling Infrastructure by 355.8% during the first quarter. Versant Capital Management Inc now owns 237 shares of the construction company's stock valued at $27,000 after acquiring an additional 185 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Sterling Infrastructure during the first quarter valued at about $28,000. Armstrong Advisory Group Inc. increased its position in shares of Sterling Infrastructure by 93.2% during the second quarter. Armstrong Advisory Group Inc. now owns 170 shares of the construction company's stock valued at $39,000 after acquiring an additional 82 shares during the last quarter. 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 acquiring an additional 85 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on STRL shares. DA Davidson lifted their price objective on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen upgraded shares of Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. Finally, Zacks Research upgraded shares of Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat.com, Sterling Infrastructure has a consensus rating of "Buy" and a consensus price target of $355.00.

Sterling Infrastructure Stock Up 1.2%

Shares of NASDAQ:STRL opened at $371.84 on Wednesday. The company has a market capitalization of $11.31 billion, a PE ratio of 40.42, a P/E/G ratio of 2.72 and a beta of 1.35. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.31. Sterling Infrastructure, Inc. has a twelve month low of $96.34 and a twelve month high of $374.67. The firm has a 50 day simple moving average of $287.96 and a 200-day simple moving average of $212.06.

Sterling Infrastructure Company 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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