Elevation Wealth Partners LLC Purchases 1,850 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Elevation Wealth Partners LLC boosted its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 48.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,698 shares of the construction company's stock after purchasing an additional 1,850 shares during the quarter. Elevation Wealth Partners LLC's holdings in Sterling Infrastructure were worth $645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of STRL. Versant Capital Management Inc increased its position in shares of 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 during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Sterling Infrastructure in the 4th quarter worth $39,000. Huntington National Bank raised its position in shares of Sterling Infrastructure by 34.6% during the 4th quarter. Huntington National Bank now owns 288 shares of the construction company's stock valued at $49,000 after buying an additional 74 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of Sterling Infrastructure during the 4th quarter valued at $56,000. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of Sterling Infrastructure during the 4th quarter worth $71,000. 80.95% of the stock is owned by institutional investors.

Sterling Infrastructure Trading Up 5.5%

Shares of STRL traded up $10.75 during mid-day trading on Friday, reaching $205.99. The company's stock had a trading volume of 581,691 shares, compared to its average volume of 501,537. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $207.64. The company's fifty day moving average price is $160.57 and its two-hundred day moving average price is $157.17. The stock has a market cap of $6.26 billion, a PE ratio of 34.80, a P/E/G ratio of 1.28 and a beta of 1.37.

Analyst Ratings Changes

A number of research firms have weighed in on STRL. DA Davidson upgraded Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a research report on Thursday, February 27th. Wall Street Zen raised Sterling Infrastructure from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.

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.