Van Hulzen Asset Management LLC Has $1.24 Million Stock Holdings in Sterling Infrastructure, Inc. $STRL

Key Points

• Van Hulzen Asset Management LLC increased its holdings in Sterling Infrastructure, Inc. by 138.5%, now owning 10,972 shares valued at approximately $1.24 million.
• Institutional investors hold 80.95% of Sterling Infrastructure's stock, indicating strong institutional support for the company.
• Wall Street analysts upgraded Sterling Infrastructure's rating to "strong-buy" and raised the price target from $265.00 to $355.00.

Van Hulzen Asset Management LLC boosted its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 138.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,972 shares of the construction company's stock after purchasing an additional 6,371 shares during the period. Van Hulzen Asset Management LLC's holdings in Sterling Infrastructure were worth $1,242,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. lifted its stake in Sterling Infrastructure by 689.7% during the first quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company's stock worth $26,000 after purchasing an additional 200 shares during the period. Versant Capital Management Inc lifted its stake 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 purchasing an additional 185 shares during the period. Opal Wealth Advisors LLC bought a new position in Sterling Infrastructure during the first quarter worth about $28,000. SBI Securities Co. Ltd. lifted its stake in Sterling Infrastructure by 111.3% during the first 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 period. Finally, IFP Advisors Inc lifted its stake in Sterling Infrastructure by 40.5% during the first quarter. IFP Advisors Inc now owns 923 shares of the construction company's stock worth $104,000 after purchasing an additional 266 shares during the period. Institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Stock Performance

NASDAQ:STRL opened at $279.58 on Friday. Sterling Infrastructure, Inc. has a 1 year low of $96.34 and a 1 year high of $321.79. The firm has a 50 day moving average of $253.70 and a 200-day moving average of $184.54. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $8.50 billion, a P/E ratio of 30.39, a price-to-earnings-growth ratio of 2.11 and a beta of 1.46.

Insider Buying and Selling

In other news, Director Dana C. O'brien sold 10,154 shares of Sterling Infrastructure stock in a transaction that occurred 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 completion of the transaction, the director owned 16,498 shares in the company, valued at approximately $3,408,156.84. The trade was a 38.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Mark D. Wolf sold 3,500 shares of Sterling Infrastructure stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $225.87, for a total transaction of $790,545.00. Following the completion of the transaction, the general counsel owned 29,315 shares of the company's stock, valued at $6,621,379.05. This trade represents a 10.67% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on STRL. Wall Street Zen upgraded shares of Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a research note on Friday. DA Davidson raised their price target on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $355.00.

Sterling Infrastructure Company 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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