James Investment Research Inc. Takes Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

James Investment Research Inc. purchased a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,601 shares of the construction company's stock, valued at approximately $408,000.

Other institutional investors also recently added to or reduced their stakes in the company. Huntington National Bank raised its stake in shares of Sterling Infrastructure by 34.6% in the 4th quarter. Huntington National Bank now owns 288 shares of the construction company's stock worth $49,000 after buying an additional 74 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of Sterling Infrastructure by 5.0% in the 1st quarter. D.A. Davidson & CO. now owns 2,424 shares of the construction company's stock worth $274,000 after buying an additional 116 shares in the last quarter. JT Stratford LLC raised its stake in shares of Sterling Infrastructure by 1.0% in the 4th quarter. JT Stratford LLC now owns 12,465 shares of the construction company's stock worth $2,100,000 after buying an additional 121 shares in the last quarter. Xponance Inc. raised its stake in shares of Sterling Infrastructure by 6.0% in the 1st quarter. Xponance Inc. now owns 2,272 shares of the construction company's stock worth $257,000 after buying an additional 128 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Sterling Infrastructure by 7.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,980 shares of the construction company's stock worth $334,000 after buying an additional 137 shares in 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 Sterling Infrastructure 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 transaction, the general counsel owned 29,315 shares in the company, valued at approximately $6,621,379.05. The trade was a 10.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dana C. O'brien sold 10,154 shares of Sterling Infrastructure stock in a transaction on Monday, June 16th. The shares were sold at an average price of $206.58, for a total value of $2,097,613.32. Following the transaction, the director owned 16,498 shares in the company, valued at $3,408,156.84. This represents a 38.10% decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Sterling Infrastructure Trading Up 0.1%

Shares of Sterling Infrastructure stock traded up $0.26 on Friday, reaching $250.95. 508,147 shares of the company were exchanged, compared to its average volume of 526,124. The stock has a fifty day moving average price of $209.98 and a 200-day moving average price of $165.25. The firm has a market capitalization of $7.63 billion, a price-to-earnings ratio of 29.32, a price-to-earnings-growth ratio of 2.01 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. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $261.50.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on STRL shares. DA Davidson boosted their price objective on Sterling Infrastructure from $205.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. Wall Street Zen downgraded Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th.

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.