GAMMA Investing LLC Has $208,000 Holdings in Sterling Infrastructure, Inc. $STRL

GAMMA Investing LLC raised its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 193.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 901 shares of the construction company’s stock after purchasing an additional 594 shares during the period. GAMMA Investing LLC’s holdings in Sterling Infrastructure were worth $208,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWC Advisors LLC. grew its position in Sterling Infrastructure by 2.4% during the second quarter. CWC Advisors LLC. now owns 1,858 shares of the construction company’s stock worth $429,000 after buying an additional 43 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Sterling Infrastructure by 5.4% during the 1st quarter. Assetmark Inc. now owns 1,372 shares of the construction company’s stock worth $155,000 after purchasing an additional 70 shares in the last quarter. Peterson Wealth Services raised its stake in shares of Sterling Infrastructure by 2.1% in the first quarter. Peterson Wealth Services now owns 5,054 shares of the construction company’s stock valued at $572,000 after purchasing an additional 103 shares in the last quarter. D.A. Davidson & CO. lifted its position in Sterling Infrastructure by 5.0% in the first 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 period. Finally, Xponance Inc. boosted its stake in Sterling Infrastructure by 6.0% during the first quarter. Xponance Inc. now owns 2,272 shares of the construction company’s stock worth $257,000 after buying an additional 128 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Price Performance

NASDAQ:STRL opened at $342.11 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.31. The firm has a market cap of $10.41 billion, a PE ratio of 37.19, a price-to-earnings-growth ratio of 2.53 and a beta of 1.35. Sterling Infrastructure, Inc. has a 12 month low of $96.34 and a 12 month high of $376.75. The company’s 50-day moving average price is $293.55 and its two-hundred day moving average price is $217.49.

Wall Street Analyst Weigh In

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

Sterling Infrastructure 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.