Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Bought by GW&K Investment Management LLC

GW&K Investment Management LLC grew its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 37.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 500,028 shares of the construction company's stock after purchasing an additional 136,777 shares during the period. GW&K Investment Management LLC owned approximately 1.64% of Sterling Infrastructure worth $56,608,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Commonwealth Equity Services LLC grew its stake in shares of Sterling Infrastructure by 30.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,233 shares of the construction company's stock valued at $713,000 after buying an additional 977 shares in the last quarter. Cibc World Markets Corp acquired a new stake in Sterling Infrastructure in the 4th quarter valued at approximately $470,000. Axxcess Wealth Management LLC increased its position in shares of Sterling Infrastructure by 10.0% during the 4th quarter. Axxcess Wealth Management LLC now owns 1,743 shares of the construction company's stock worth $294,000 after purchasing an additional 158 shares during the last quarter. Xponance Inc. boosted its stake in Sterling Infrastructure by 6.5% in the 4th quarter. Xponance Inc. now owns 2,144 shares of the construction company's stock valued at $361,000 after purchasing an additional 131 shares during the period. Finally, Harvest Fund Management Co. Ltd lifted its position in shares of Sterling Infrastructure by 28.9% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,445 shares of the construction company's stock worth $240,000 after buying an additional 324 shares during the last quarter. Institutional investors own 80.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. DA Davidson upped their target price 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 lowered Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th.

Sterling Infrastructure Price Performance

STRL stock opened at $250.95 on Monday. The business's fifty day moving average price is $211.45 and its 200 day moving average price is $165.78. 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 $255.59. The company has a market capitalization of $7.63 billion, a PE ratio of 29.32, a P/E/G ratio of 2.08 and a beta of 1.40.

Insiders Place Their Bets

In other news, Director Dana C. O'brien sold 10,154 shares of Sterling Infrastructure stock in a transaction dated 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 directly owned 16,498 shares of the company's stock, valued at approximately $3,408,156.84. The trade was a 38.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Mark D. Wolf sold 3,500 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was 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 directly owned 29,315 shares of the company's stock, valued at $6,621,379.05. This trade represents a 10.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by corporate insiders.

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.

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