HB Wealth Management LLC Acquires Shares of 1,093 Sterling Infrastructure, Inc. $STRL

HB Wealth Management LLC acquired a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,093 shares of the construction company's stock, valued at approximately $252,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STRL. Sunbelt Securities Inc. lifted its holdings 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 period. Opal Wealth Advisors LLC bought a new position in shares of Sterling Infrastructure during the first quarter valued at $28,000. Armstrong Advisory Group Inc. lifted its holdings 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 period. MCF Advisors LLC lifted its holdings 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 period. Finally, Quarry LP lifted its holdings in shares of Sterling Infrastructure by 107.7% during the first quarter. Quarry LP now owns 376 shares of the construction company's stock valued at $43,000 after acquiring an additional 195 shares during the period. 80.95% of the stock is owned by institutional investors.

Sterling Infrastructure Stock Performance

Shares of STRL stock opened at $348.57 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market cap of $10.60 billion, a PE ratio of 37.89, a price-to-earnings-growth ratio of 2.61 and a beta of 1.38. The stock has a 50-day moving average of $306.15 and a 200-day moving average of $227.66. Sterling Infrastructure, Inc. has a one year low of $96.34 and a one year high of $376.75.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wall Street Zen cut Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a report on Friday, September 26th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Sterling Infrastructure in a report on Saturday, September 27th. Zacks Research raised Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a report on Friday, September 5th. Finally, DA Davidson lifted their price target on Sterling Infrastructure from $265.00 to $355.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat.com, Sterling Infrastructure presently has an average rating of "Buy" and a consensus target price of $355.00.

Sterling Infrastructure 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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