Wealth Enhancement Advisory Services LLC Buys 447 Shares of Sterling Infrastructure, Inc. $STRL

Wealth Enhancement Advisory Services LLC raised its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 9.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,251 shares of the construction company’s stock after acquiring an additional 447 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Sterling Infrastructure were worth $1,243,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Leibman Financial Services Inc. bought a new position in Sterling Infrastructure in the second quarter valued at approximately $3,340,000. Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of Sterling Infrastructure during the 2nd quarter worth approximately $236,000. Balefire LLC acquired a new stake in shares of Sterling Infrastructure in the 2nd quarter valued at about $221,000. Triumph Capital Management bought a new stake in Sterling Infrastructure during the 2nd quarter valued at $497,000. Finally, Lingohr Asset Management GmbH acquired a new position in Sterling Infrastructure during the 2nd quarter valued at about $213,000. 80.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

STRL has been the subject of a number of recent analyst reports. Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. DA Davidson upped their target price on Sterling Infrastructure from $265.00 to $355.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen cut Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to MarketBeat, Sterling Infrastructure presently has a consensus rating of “Buy” and a consensus target price of $355.00.

Sterling Infrastructure Trading Down 0.4%

STRL opened at $339.68 on Wednesday. The business has a 50 day moving average of $297.37 and a 200-day moving average of $219.86. The stock has a market cap of $10.33 billion, a PE ratio of 36.92, a PEG ratio of 2.52 and a beta of 1.35. Sterling Infrastructure, Inc. has a 52 week low of $96.34 and a 52 week high of $376.75. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.31.

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.