Invst LLC Has $929,000 Position in Sterling Infrastructure, Inc. $STRL

Key Points

• Invst LLC increased its stake in Sterling Infrastructure, Inc. by 13.3%, holding a total of 8,206 shares valued at approximately $929,000.
• Major investors like Ieq Capital LLC and Envestnet Asset Management Inc. also significantly raised their stakes in the company, reflecting growing institutional interest.
• Sterling Infrastructure’s stock received upgrades from analysts, with one raising the price target from $265.00 to $355.00 and improving its rating to "buy."

Invst LLC raised its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 13.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,206 shares of the construction company's stock after purchasing an additional 964 shares during the quarter. Invst LLC's holdings in Sterling Infrastructure were worth $929,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Ieq Capital LLC raised its stake in Sterling Infrastructure by 94.8% during the 1st quarter. Ieq Capital LLC now owns 8,144 shares of the construction company's stock valued at $922,000 after purchasing an additional 3,963 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Sterling Infrastructure by 38.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,804 shares of the construction company's stock worth $544,000 after acquiring an additional 1,337 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Sterling Infrastructure by 30.3% in the first quarter. Envestnet Asset Management Inc. now owns 78,454 shares of the construction company's stock worth $8,882,000 after acquiring an additional 18,254 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Sterling Infrastructure by 5.0% in the first 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. Finally, Hudson Edge Investment Partners Inc. acquired a new position in shares of Sterling Infrastructure in the first quarter worth $823,000. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Trading Down 0.8%

Sterling Infrastructure stock opened at $313.55 on Friday. 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 company has a market capitalization of $9.54 billion, a price-to-earnings ratio of 34.08, a PEG ratio of 2.34 and a beta of 1.35. Sterling Infrastructure, Inc. has a one year low of $96.34 and a one year high of $321.79. The company's fifty day moving average price is $272.84 and its two-hundred day moving average price is $200.75.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on STRL shares. 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 research note on Wednesday, August 6th. Zacks Research raised shares of Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 5th. Finally, Wall Street Zen raised shares of Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $355.00.

Insider Buying and Selling at Sterling Infrastructure

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 3,500 shares of the stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $225.87, for a total transaction of $790,545.00. Following the transaction, the general counsel directly owned 29,315 shares of the company's stock, valued at $6,621,379.05. This represents a 10.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dana C. O'brien sold 10,154 shares of Sterling Infrastructure 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 completion of the transaction, the director owned 16,498 shares in the company, valued at $3,408,156.84. The trade was a 38.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company's stock.

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.

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