Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Acquired by Dakota Wealth Management

Dakota Wealth Management lifted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 91.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,429 shares of the construction company's stock after purchasing an additional 1,640 shares during the quarter. Dakota Wealth Management's holdings in Sterling Infrastructure were worth $388,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. increased its position in shares of Sterling Infrastructure by 689.7% during the first quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company's stock valued at $26,000 after purchasing an additional 200 shares during the period. Versant Capital Management Inc boosted its holdings in Sterling Infrastructure by 355.8% during the first quarter. Versant Capital Management Inc now owns 237 shares of the construction company's stock worth $27,000 after buying an additional 185 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Sterling Infrastructure during the 1st quarter valued at about $28,000. Huntington National Bank lifted its stake in Sterling Infrastructure by 34.6% in the 4th quarter. Huntington National Bank now owns 288 shares of the construction company's stock valued at $49,000 after acquiring an additional 74 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its position in shares of Sterling Infrastructure by 111.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 488 shares of the construction company's stock worth $55,000 after purchasing an additional 257 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. DA Davidson upped their price objective on Sterling Infrastructure from $205.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Wall Street Zen downgraded Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th.

Sterling Infrastructure Stock Performance

STRL stock opened at $250.69 on Friday. The stock's 50 day simple moving average is $209.98 and its 200 day simple moving average is $165.25. The stock has a market capitalization of $7.62 billion, a PE ratio of 29.29, 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 12-month low of $93.50 and a 12-month high of $253.94.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O'brien sold 10,154 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $206.58, for a total transaction of $2,097,613.32. Following the sale, the director directly owned 16,498 shares in the company, valued at $3,408,156.84. This represents a 38.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the general counsel owned 29,315 shares in the company, valued at $6,621,379.05. This represents a 10.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company's stock.

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.

Want to see what other hedge funds are holding STRL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.