Wealth Enhancement Advisory Services LLC Boosts Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Wealth Enhancement Advisory Services LLC boosted its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 15.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,467 shares of the construction company’s stock after buying an additional 457 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Sterling Infrastructure were worth $584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Convergence Investment Partners LLC boosted its position in shares of Sterling Infrastructure by 47.7% during the 4th quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company’s stock worth $1,566,000 after purchasing an additional 3,002 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Sterling Infrastructure by 7.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company’s stock worth $111,873,000 after purchasing an additional 49,008 shares in the last quarter. EFG Asset Management North America Corp. boosted its position in shares of Sterling Infrastructure by 58.6% during the 4th quarter. EFG Asset Management North America Corp. now owns 37,015 shares of the construction company’s stock worth $6,236,000 after purchasing an additional 13,682 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Sterling Infrastructure by 6.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 37,671 shares of the construction company’s stock worth $6,499,000 after purchasing an additional 2,156 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Sterling Infrastructure by 13.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,583 shares of the construction company’s stock worth $1,446,000 after purchasing an additional 1,043 shares in the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Sterling Infrastructure Price Performance

Sterling Infrastructure stock opened at $204.46 on Thursday. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $208.77. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The firm’s 50-day simple moving average is $166.02 and its 200 day simple moving average is $157.32. The firm has a market capitalization of $6.22 billion, a PE ratio of 34.54, a P/E/G ratio of 1.28 and a beta of 1.37.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wall Street Zen upgraded shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Thursday, May 22nd. DA Davidson upgraded shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a research report on Thursday, February 27th.

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.