State of Wyoming Has $192,000 Holdings in Sterling Infrastructure, Inc. $STRL

Key Points

• The State of Wyoming sold 1,150 shares of Sterling Infrastructure, Inc., reducing its ownership by 40.4%, leaving it with 1,696 shares valued at $192,000.
• Sterling Infrastructure shares are currently priced at $288.68, with a market capitalization of $8.78 billion, and have experienced a 5.4% increase recently.
• Analysts maintain a positive outlook, with DA Davidson raising the price target from $265.00 to $355.00 and the stock receiving an average rating of "Buy".

State of Wyoming reduced its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 40.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,696 shares of the construction company's stock after selling 1,150 shares during the quarter. State of Wyoming's holdings in Sterling Infrastructure were worth $192,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Pacer Advisors Inc. bought a new stake in Sterling Infrastructure during the 1st quarter worth about $28,689,000. Nuveen LLC bought a new stake in Sterling Infrastructure during the first quarter worth about $19,741,000. Vanguard Group Inc. raised its stake in shares of Sterling Infrastructure by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 2,682,995 shares of the construction company's stock worth $303,742,000 after purchasing an additional 159,191 shares in the last quarter. GW&K Investment Management LLC raised its stake in shares of Sterling Infrastructure by 37.7% during the 1st quarter. GW&K Investment Management LLC now owns 500,028 shares of the construction company's stock worth $56,608,000 after purchasing an additional 136,777 shares in the last quarter. Finally, Tidal Investments LLC bought a new stake in shares of Sterling Infrastructure during the 4th quarter worth approximately $18,996,000. Institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL traded down $2.70 during midday trading on Friday, reaching $285.98. 498,723 shares of the company were exchanged, compared to its average volume of 421,708. The stock's 50-day moving average price is $265.87 and its 200-day moving average price is $195.43. The stock has a market cap of $8.70 billion, a P/E ratio of 31.08, a PEG ratio of 2.12 and a beta of 1.35. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.31. Sterling Infrastructure, Inc. has a one year low of $96.34 and a one year high of $321.79.

Insider Buying and Selling at Sterling Infrastructure

In related news, Director Dana C. O'brien sold 10,154 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $206.58, for a total transaction of $2,097,613.32. Following the sale, the director owned 16,498 shares of the company's stock, valued at $3,408,156.84. This trade represents a 38.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Mark D. Wolf sold 3,500 shares of the firm'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 sale, the general counsel directly owned 29,315 shares in the company, valued at approximately $6,621,379.05. This trade represents a 10.67% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.70% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. DA Davidson raised their target price on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen cut shares of Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 30th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $355.00.

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.