Wealth Enhancement Advisory Services LLC Grows Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Wealth Enhancement Advisory Services LLC increased its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 38.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,804 shares of the construction company's stock after buying an additional 1,337 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Sterling Infrastructure were worth $544,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Baker Ellis Asset Management LLC boosted its holdings in shares of Sterling Infrastructure by 2.2% in the first quarter. Baker Ellis Asset Management LLC now owns 55,420 shares of the construction company's stock worth $6,274,000 after buying an additional 1,210 shares during the last quarter. Pallas Capital Advisors LLC boosted its holdings in shares of Sterling Infrastructure by 42.3% in the first quarter. Pallas Capital Advisors LLC now owns 2,150 shares of the construction company's stock worth $243,000 after buying an additional 639 shares during the last quarter. Portside Wealth Group LLC increased its holdings in Sterling Infrastructure by 10.8% in the 1st quarter. Portside Wealth Group LLC now owns 4,330 shares of the construction company's stock worth $490,000 after acquiring an additional 421 shares in the last quarter. Congress Asset Management Co. increased its holdings in Sterling Infrastructure by 6.5% in the 1st quarter. Congress Asset Management Co. now owns 532,198 shares of the construction company's stock worth $60,250,000 after acquiring an additional 32,255 shares in the last quarter. Finally, E. Ohman J or Asset Management AB purchased a new stake in Sterling Infrastructure in the 1st quarter worth approximately $1,650,000. Hedge funds and other institutional investors own 80.95% of the company's stock.

Insider Activity at Sterling Infrastructure

In related news, General Counsel Mark D. Wolf sold 3,500 shares of the 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 sale, the general counsel owned 29,315 shares in the company, valued at approximately $6,621,379.05. This represents a 10.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dana C. O'brien sold 10,154 shares of the 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 sale, the director owned 16,498 shares in the company, valued at $3,408,156.84. The trade was a 38.10% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on STRL. DA Davidson increased their target price on shares of Sterling Infrastructure from $205.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th. Wall Street Zen lowered shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Saturday.

Sterling Infrastructure Price Performance

STRL stock traded up $8.26 during midday trading on Friday, hitting $236.98. The company's stock had a trading volume of 239,906 shares, compared to its average volume of 521,931. Sterling Infrastructure, Inc. has a 12 month low of $93.50 and a 12 month high of $237.70. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $7.21 billion, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 1.96 and a beta of 1.40. The company has a 50 day moving average of $196.43 and a two-hundred day moving average of $161.20.

Sterling Infrastructure Profile

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.