WNY Asset Management LLC Takes $232,000 Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

WNY Asset Management LLC bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,053 shares of the construction company's stock, valued at approximately $232,000.

Several other institutional investors and hedge funds also recently made changes to their positions in STRL. Huntington National Bank raised its holdings in Sterling Infrastructure by 34.6% during the 4th quarter. Huntington National Bank now owns 288 shares of the construction company's stock worth $49,000 after purchasing an additional 74 shares during the last quarter. D.A. Davidson & CO. raised its holdings in Sterling Infrastructure by 5.0% during the 1st quarter. D.A. Davidson & CO. now owns 2,424 shares of the construction company's stock worth $274,000 after purchasing an additional 116 shares during the last quarter. JT Stratford LLC raised its holdings in Sterling Infrastructure by 1.0% during the 4th quarter. JT Stratford LLC now owns 12,465 shares of the construction company's stock worth $2,100,000 after purchasing an additional 121 shares during the last quarter. Xponance Inc. raised its position in shares of Sterling Infrastructure by 6.0% in the 1st quarter. Xponance Inc. now owns 2,272 shares of the construction company's stock valued at $257,000 after acquiring an additional 128 shares during the period. Finally, BIP Wealth LLC raised its position in shares of Sterling Infrastructure by 0.3% in the 1st quarter. BIP Wealth LLC now owns 49,345 shares of the construction company's stock valued at $5,586,000 after acquiring an additional 144 shares during the period. Institutional investors and hedge funds own 80.95% of the company's stock.

Analysts Set New Price Targets

STRL has been the subject of several recent analyst reports. DA Davidson upped their target price on shares of Sterling Infrastructure from $205.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. Wall Street Zen downgraded shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th.

Insider Buying and Selling

In other news, General Counsel Mark D. Wolf sold 3,500 shares of the firm's 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dana C. O'brien sold 10,154 shares of the firm's stock in a transaction that occurred on 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 transaction, the director directly owned 16,498 shares of the company's stock, valued at $3,408,156.84. This represents a 38.10% 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 Price Performance

NASDAQ STRL opened at $250.95 on Monday. The business has a 50 day simple moving average of $211.45 and a 200 day simple moving average of $165.78. Sterling Infrastructure, Inc. has a 52-week low of $93.50 and a 52-week high of $255.59. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 29.32, a PEG ratio of 2.08 and a beta of 1.40.

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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