Vanguard Group Inc. Acquires 159,191 Shares of Sterling Infrastructure, Inc. $STRL

Vanguard Group Inc. increased its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 6.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,682,995 shares of the construction company’s stock after buying an additional 159,191 shares during the period. Vanguard Group Inc. owned 8.82% of Sterling Infrastructure worth $303,742,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sunbelt Securities Inc. boosted its holdings in Sterling Infrastructure by 689.7% in the 1st quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company’s stock worth $26,000 after buying an additional 200 shares during the period. Versant Capital Management Inc boosted its holdings in Sterling Infrastructure by 355.8% in the 1st quarter. Versant Capital Management Inc now owns 237 shares of the construction company’s stock worth $27,000 after buying an additional 185 shares during the period. Opal Wealth Advisors LLC bought a new position in Sterling Infrastructure in the 1st quarter worth approximately $28,000. SBI Securities Co. Ltd. boosted its holdings in Sterling Infrastructure by 111.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 488 shares of the construction company’s stock worth $55,000 after buying an additional 257 shares during the period. Finally, Ensign Peak Advisors Inc bought a new position in Sterling Infrastructure in the 4th quarter worth approximately $107,000. 80.95% of the stock is owned by institutional investors.

Sterling Infrastructure Stock Down 2.4%

Shares of NASDAQ:STRL opened at $275.35 on Monday. The firm has a fifty day moving average price of $246.12 and a two-hundred day moving average price of $180.31. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.42 and a quick ratio of 1.42. Sterling Infrastructure, Inc. has a one year low of $96.34 and a one year high of $321.79. The company has a market cap of $8.38 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 2.09 and a beta of 1.46.

Analyst Ratings Changes

Several research firms recently commented on STRL. DA Davidson raised their price objective on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Wall Street Zen raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Saturday, August 9th.

Insider Buying and Selling at Sterling Infrastructure

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 3,500 shares of the firm’s stock in a transaction 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 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dana C. O’brien sold 10,154 shares of the firm’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $206.58, for a total transaction of $2,097,613.32. Following the completion of the transaction, 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 disclosure for this sale can be found here. 2.70% of the stock is owned by company insiders.

About Sterling Infrastructure

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.