Strs Ohio Buys Shares of 8,500 Sterling Infrastructure, Inc. $STRL

Strs Ohio purchased a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 8,500 shares of the construction company’s stock, valued at approximately $962,000.

Other institutional investors have also modified their holdings of the company. Sunbelt Securities Inc. boosted its holdings in shares of Sterling Infrastructure by 689.7% in the 1st quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company’s stock valued at $26,000 after buying an additional 200 shares in the last quarter. Versant Capital Management Inc boosted its stake 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 purchasing an additional 185 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in Sterling Infrastructure in the 1st quarter worth approximately $28,000. Quarry LP boosted its stake in Sterling Infrastructure by 107.7% in the 1st quarter. Quarry LP now owns 376 shares of the construction company’s stock worth $43,000 after purchasing an additional 195 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake 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 purchasing an additional 257 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, General Counsel Mark D. Wolf sold 3,500 shares of the business’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 sale, the general counsel owned 29,315 shares of the company’s stock, valued at approximately $6,621,379.05. The trade was a 10.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.70% of the company’s stock.

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL opened at $348.58 on Friday. The firm has a market cap of $10.60 billion, a PE ratio of 37.89, a PEG ratio of 2.37 and a beta of 1.35. The firm has a fifty day moving average of $280.40 and a 200 day moving average of $206.39. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.42 and a current ratio of 1.42. Sterling Infrastructure, Inc. has a one year low of $96.34 and a one year high of $351.28.

Analysts Set New Price Targets

STRL has been the subject of several research reports. DA Davidson lifted their price objective on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. Finally, Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. Based on data from MarketBeat, Sterling Infrastructure presently has a consensus rating of “Buy” and an average price target of $355.00.

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.