Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRLFree Report) by 30.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,454 shares of the construction company’s stock after purchasing an additional 18,254 shares during the period. Envestnet Asset Management Inc. owned about 0.26% of Sterling Infrastructure worth $8,882,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of STRL. Huntington National Bank raised its position in shares of Sterling Infrastructure by 34.6% in the 4th quarter. Huntington National Bank now owns 288 shares of the construction company’s stock worth $49,000 after acquiring an additional 74 shares in the last quarter. D.A. Davidson & CO. boosted its stake 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 valued at $274,000 after purchasing an additional 116 shares during the last quarter. JT Stratford LLC boosted its stake in Sterling Infrastructure by 1.0% during the 4th quarter. JT Stratford LLC now owns 12,465 shares of the construction company’s stock valued at $2,100,000 after purchasing an additional 121 shares during the last quarter. Xponance Inc. boosted its stake in shares of Sterling Infrastructure by 6.5% in the 4th quarter. Xponance Inc. now owns 2,144 shares of the construction company’s stock worth $361,000 after buying an additional 131 shares during the last quarter. Finally, Argent Trust Co boosted its stake in shares of Sterling Infrastructure by 2.1% in the 4th quarter. Argent Trust Co now owns 8,060 shares of the construction company’s stock worth $1,358,000 after buying an additional 166 shares during the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Performance

Sterling Infrastructure stock opened at $247.65 on Tuesday. The company has a market capitalization of $7.53 billion, a PE ratio of 28.93, a P/E/G ratio of 2.08 and a beta of 1.40. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.32 and a current ratio of 1.32. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $255.59. The company has a 50 day moving average price of $212.74 and a 200-day moving average price of $166.27.

Insider Buying and Selling at Sterling Infrastructure

In related news, 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 value of $790,545.00. Following the completion of the transaction, the general counsel owned 29,315 shares in the company, valued at approximately $6,621,379.05. The trade was a 10.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dana C. O’brien sold 10,154 shares of the company’s stock in a transaction 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 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 position. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on STRL shares. Wall Street Zen cut shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. DA Davidson upped their price target on shares of Sterling Infrastructure from $205.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, June 18th.

Read Our Latest Report on STRL

About Sterling Infrastructure

(Free Report)

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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Institutional Ownership by Quarter for Sterling Infrastructure (NASDAQ:STRL)

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