1,140 Shares in Sterling Infrastructure, Inc. (NASDAQ:STRL) Acquired by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. acquired a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,140 shares of the construction company's stock, valued at approximately $129,000.

Other large investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in Sterling Infrastructure by 38.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,804 shares of the construction company's stock valued at $544,000 after buying an additional 1,337 shares in the last quarter. Sowell Financial Services LLC purchased a new position in Sterling Infrastructure during the 1st quarter valued at about $215,000. Hudson Edge Investment Partners Inc. purchased a new position in Sterling Infrastructure during the 1st quarter valued at about $823,000. Oppenheimer Asset Management Inc. purchased a new position in Sterling Infrastructure during the 1st quarter valued at about $370,000. Finally, EFG Asset Management North America Corp. grew its holdings in Sterling Infrastructure by 58.6% during the 4th quarter. EFG Asset Management North America Corp. now owns 37,015 shares of the construction company's stock valued at $6,236,000 after buying an additional 13,682 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wall Street Zen lowered Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Saturday. DA Davidson lifted their price target on Sterling Infrastructure from $205.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th.

Insider Transactions 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 stock was sold at an average price of $206.58, for a total value of $2,097,613.32. Following the completion of the sale, the director owned 16,498 shares in the company, valued at $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 available through the SEC website. Also, General Counsel Mark D. Wolf sold 3,500 shares of the business'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 value of $790,545.00. Following the completion of the sale, the general counsel owned 29,315 shares of the company's stock, valued at $6,621,379.05. The trade was a 10.67% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.70% of the company's stock.

Sterling Infrastructure Price Performance

Shares of STRL traded down $4.23 during trading hours on Tuesday, reaching $232.77. 271,686 shares of the company's stock traded hands, compared to its average volume of 695,578. The stock has a market cap of $7.08 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 1.96 and a beta of 1.40. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.34. The firm's 50 day simple moving average is $198.18 and its 200-day simple moving average is $161.49. Sterling Infrastructure, Inc. has a 12 month low of $93.50 and a 12 month high of $240.49.

About Sterling Infrastructure

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.