Federated Hermes Inc. Has $3.06 Million Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Federated Hermes Inc. boosted its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 6,732.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,055 shares of the construction company's stock after buying an additional 26,659 shares during the quarter. Federated Hermes Inc. owned about 0.09% of Sterling Infrastructure worth $3,063,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of STRL. Sunbelt Securities Inc. increased its holdings in shares of Sterling Infrastructure by 689.7% during the 1st 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 boosted its position in Sterling Infrastructure by 355.8% during the first quarter. Versant Capital Management Inc now owns 237 shares of the construction company's stock worth $27,000 after purchasing an additional 185 shares during the period. Opal Wealth Advisors LLC acquired a new position in Sterling Infrastructure during the first quarter valued at approximately $28,000. Huntington National Bank raised its position in shares of Sterling Infrastructure by 34.6% in the fourth quarter. Huntington National Bank now owns 288 shares of the construction company's stock valued at $49,000 after purchasing an additional 74 shares during the period. Finally, National Bank of Canada FI acquired a new stake in shares of Sterling Infrastructure in the fourth quarter worth $56,000. 80.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sterling Infrastructure

In related 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 transaction of $2,097,613.32. Following the completion of the sale, the director directly owned 16,498 shares of the company's stock, valued at $3,408,156.84. The trade was a 38.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Mark D. Wolf sold 3,500 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $225.87, for a total transaction of $790,545.00. Following the sale, the general counsel owned 29,315 shares in the company, valued at $6,621,379.05. This trade represents a 10.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

STRL has been the topic of several research analyst reports. DA Davidson raised 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. Wall Street Zen downgraded Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th.

Sterling Infrastructure Price Performance

Shares of STRL stock traded up $2.84 during trading hours on Wednesday, hitting $299.42. 569,913 shares of the company's stock were exchanged, compared to its average volume of 672,882. Sterling Infrastructure, Inc. has a 52 week low of $96.34 and a 52 week high of $321.79. The stock's 50-day moving average is $229.94 and its 200-day moving average is $173.39. The stock has a market cap of $9.11 billion, a price-to-earnings ratio of 32.55, a price-to-earnings-growth ratio of 2.25 and a beta of 1.46. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.32 and a quick ratio of 1.32.

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.