GKV Capital Management Co. Inc. Has $113,000 Position in Sterling Infrastructure, Inc. $STRL

Key Points

• GKV Capital Management Co. Inc. has reduced its position in Sterling Infrastructure, Inc. by 52.4%, selling 1,100 shares during the first quarter and holding now 1,000 shares valued at $113,000.
• Other institutional investors, such as Sunbelt Securities Inc. and Versant Capital Management Inc., significantly increased their stakes in Sterling Infrastructure during the same quarter, with Sunbelt growing its position by 689.7%.
• The stock recently experienced a 4.3% decline, with a current price of $278.53 and a market cap of $8.47 billion.

GKV Capital Management Co. Inc. decreased its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 52.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,000 shares of the construction company's stock after selling 1,100 shares during the quarter. GKV Capital Management Co. Inc.'s holdings in Sterling Infrastructure were worth $113,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Assetmark Inc. increased its holdings in shares of Sterling Infrastructure by 5.4% during the 1st quarter. Assetmark Inc. now owns 1,372 shares of the construction company's stock worth $155,000 after acquiring an additional 70 shares during the last quarter. Peterson Wealth Services increased its holdings in shares of Sterling Infrastructure by 2.1% during the 1st quarter. Peterson Wealth Services now owns 5,054 shares of the construction company's stock worth $572,000 after acquiring an additional 103 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of Sterling Infrastructure by 5.0% during the 1st quarter. D.A. Davidson & CO. now owns 2,424 shares of the construction company's stock worth $274,000 after acquiring an additional 116 shares during the last quarter. JT Stratford LLC increased its holdings in shares of Sterling Infrastructure by 1.0% during the 4th quarter. JT Stratford LLC now owns 12,465 shares of the construction company's stock worth $2,100,000 after acquiring an additional 121 shares during the last quarter. Finally, Xponance Inc. increased its holdings in shares of Sterling Infrastructure by 6.0% during the 1st quarter. Xponance Inc. now owns 2,272 shares of the construction company's stock worth $257,000 after acquiring an additional 128 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Insiders Place Their Bets

In other news, General Counsel Mark D. Wolf sold 3,500 shares of the business's stock in a transaction 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 completion of the transaction, the general counsel owned 29,315 shares of the company's stock, valued at approximately $6,621,379.05. The trade was a 10.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dana C. O'brien sold 10,154 shares of the business's stock in a transaction on 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 transaction, the director directly owned 16,498 shares of the company's stock, valued at $3,408,156.84. This trade represents a 38.10% decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by insiders.

Sterling Infrastructure Price Performance

Shares of Sterling Infrastructure stock traded down $1.62 during trading on Tuesday, reaching $276.91. 378,593 shares of the company's stock were exchanged, compared to its average volume of 648,299. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.42 and a current ratio of 1.42. Sterling Infrastructure, Inc. has a 1-year low of $96.34 and a 1-year high of $321.79. The company has a market cap of $8.42 billion, a P/E ratio of 30.10, a PEG ratio of 2.12 and a beta of 1.35. The firm's 50-day moving average price is $261.65 and its 200 day moving average price is $191.15.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on STRL. Wall Street Zen lowered Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a report on Saturday. DA Davidson boosted their target price on Sterling Infrastructure from $265.00 to $355.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $355.00.

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.