Fuller & Thaler Asset Management Inc. Has $169.70 Million Stock Position in Sterling Infrastructure, Inc. $STRL

Key Points

• Fuller & Thaler Asset Management Inc. increased its position in Sterling Infrastructure, Inc. by 7.5%, owning approximately 4.93% of the company's shares, valued at $169.70 million.
• Several institutional investors, including Bank of Montreal Can and Barclays PLC, have made new acquisitions or increased their holdings in Sterling Infrastructure recently.
• Analysts have raised their price target for Sterling Infrastructure, with DA Davidson increasing it from $265.00 to $355.00, signaling a positive outlook on the stock.

Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 7.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,498,999 shares of the construction company's stock after buying an additional 105,222 shares during the period. Fuller & Thaler Asset Management Inc. owned about 4.93% of Sterling Infrastructure worth $169,702,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Bank of Montreal Can acquired a new position in shares of Sterling Infrastructure during the fourth quarter worth $221,000. Advisory Services Network LLC acquired a new position in shares of Sterling Infrastructure during the fourth quarter worth $223,000. Raymond James Financial Inc. acquired a new position in shares of Sterling Infrastructure during the fourth quarter worth $16,712,000. Barclays PLC increased its holdings in shares of Sterling Infrastructure by 9.1% during the fourth quarter. Barclays PLC now owns 62,123 shares of the construction company's stock worth $10,465,000 after buying an additional 5,178 shares in the last quarter. Finally, Mariner LLC increased its holdings in shares of Sterling Infrastructure by 127.8% during the fourth quarter. Mariner LLC now owns 3,905 shares of the construction company's stock worth $658,000 after buying an additional 2,191 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Insider Buying and Selling at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O'brien sold 10,154 shares of the company's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $206.58, for a total value of $2,097,613.32. Following the sale, the director owned 16,498 shares in the company, valued at approximately $3,408,156.84. The trade was a 38.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Mark D. Wolf sold 3,500 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $225.87, for a total value of $790,545.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

STRL has been the subject of several research analyst reports. DA Davidson upped their price target on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen upgraded shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a report on Saturday, August 9th.

Sterling Infrastructure Stock Performance

Shares of Sterling Infrastructure stock opened at $275.35 on Monday. The company has a quick ratio of 1.42, a current 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 $321.79. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 29.93, a P/E/G ratio of 2.09 and a beta of 1.46. The company's fifty day moving average is $246.12 and its 200 day moving average is $180.31.

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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