14,476 Shares in Sterling Infrastructure, Inc. $STRL Bought by Leibman Financial Services Inc.

Key Points

• Leibman Financial Services Inc. acquired a new stake in Sterling Infrastructure, purchasing 14,476 shares valued at approximately $3,340,000, making it the fund's 15th largest position.
• Analyst ratings for Sterling Infrastructure have improved, with Zacks Research upgrading the stock to a strong-buy and DA Davidson raising its price target from $265 to $355.
• Institutional investors hold 80.95% of Sterling Infrastructure's stock, reflecting significant institutional interest in the company.

Leibman Financial Services Inc. acquired a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,476 shares of the construction company's stock, valued at approximately $3,340,000. Sterling Infrastructure makes up about 2.6% of Leibman Financial Services Inc.'s investment portfolio, making the stock its 15th biggest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sunbelt Securities Inc. grew its stake in Sterling Infrastructure by 689.7% in the first quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company's stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Versant Capital Management Inc grew its stake in 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 purchasing an additional 185 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in Sterling Infrastructure during the 1st quarter valued at $28,000. Quarry LP boosted its position in Sterling Infrastructure by 107.7% during the 1st quarter. Quarry LP now owns 376 shares of the construction company's stock valued at $43,000 after acquiring an additional 195 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its position in Sterling Infrastructure by 111.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 488 shares of the construction company's stock valued at $55,000 after acquiring an additional 257 shares in the last quarter. Institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Trading Up 3.3%

Shares of STRL stock traded up $11.67 during trading on Friday, hitting $360.25. 2,093,500 shares of the stock traded hands, compared to its average volume of 399,630. The firm has a market capitalization of $10.96 billion, a P/E ratio of 39.16, a price-to-earnings-growth ratio of 2.67 and a beta of 1.35. 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 firm's fifty day moving average price is $282.77 and its 200-day moving average price is $208.59. Sterling Infrastructure, Inc. has a 52-week low of $96.34 and a 52-week high of $363.08.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on STRL. Zacks Research raised Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 5th. DA Davidson increased their price objective on Sterling Infrastructure from $265.00 to $355.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Wall Street Zen upgraded Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat.com, Sterling Infrastructure presently has an average rating of "Buy" and an average price target of $355.00.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 3,500 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $225.87, for a total value of $790,545.00. Following the completion of the transaction, the general counsel owned 29,315 shares in the company, valued at $6,621,379.05. The trade was a 10.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.70% of the stock is currently owned by company insiders.

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.