Hennion & Walsh Asset Management Inc. Invests $205,000 in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Hennion & Walsh Asset Management Inc. bought a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 1,812 shares of the construction company's stock, valued at approximately $205,000.

Several other large investors have also recently bought and sold shares of STRL. Versant Capital Management Inc raised its position in shares of Sterling Infrastructure by 355.8% in the first quarter. Versant Capital Management Inc now owns 237 shares of the construction company's stock worth $27,000 after buying an additional 185 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Sterling Infrastructure in the 4th quarter valued at about $39,000. Huntington National Bank boosted its position in shares of Sterling Infrastructure by 34.6% during the 4th quarter. Huntington National Bank now owns 288 shares of the construction company's stock valued at $49,000 after acquiring an additional 74 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of Sterling Infrastructure during the fourth quarter worth about $56,000. Finally, Arcadia Investment Management Corp MI purchased a new position in shares of Sterling Infrastructure during the fourth quarter worth about $71,000. 80.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on STRL. DA Davidson raised shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a research note on Thursday, February 27th. Wall Street Zen raised shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.

Sterling Infrastructure Price Performance

STRL stock traded down $4.54 during mid-day trading on Tuesday, hitting $198.37. 496,691 shares of the stock were exchanged, compared to its average volume of 502,277. The business has a fifty day moving average price of $162.26 and a 200 day moving average price of $156.71. Sterling Infrastructure, Inc. has a 12 month low of $93.50 and a 12 month high of $208.77. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 1.28 and a beta of 1.37.

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.