Wealth Enhancement Advisory Services LLC Has $544,000 Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Wealth Enhancement Advisory Services LLC raised its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 38.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,804 shares of the construction company’s stock after buying an additional 1,337 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Sterling Infrastructure were worth $544,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its stake in shares of Sterling Infrastructure by 100.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,227 shares of the construction company’s stock worth $375,000 after acquiring an additional 1,118 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Sterling Infrastructure in the fourth quarter valued at approximately $39,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Sterling Infrastructure by 385.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 752 shares of the construction company’s stock valued at $127,000 after buying an additional 597 shares during the period. Assetmark Inc. boosted its holdings in shares of Sterling Infrastructure by 16.1% in the fourth quarter. Assetmark Inc. now owns 1,302 shares of the construction company’s stock valued at $219,000 after buying an additional 181 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Sterling Infrastructure in the fourth quarter valued at approximately $16,712,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, General Counsel Mark D. Wolf sold 3,500 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $225.87, for a total value of $790,545.00. Following the transaction, the general counsel directly owned 29,315 shares of the company’s stock, valued at $6,621,379.05. This represents a 10.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dana C. O’brien sold 10,154 shares of the stock in a transaction dated 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 in the company, valued at $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. Company insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on STRL. Wall Street Zen cut shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Saturday. DA Davidson increased their target price on shares of Sterling Infrastructure from $205.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, June 18th.

Sterling Infrastructure Stock Performance

Shares of STRL stock opened at $236.98 on Friday. The stock has a market cap of $7.21 billion, a P/E ratio of 27.68, a P/E/G ratio of 1.96 and a beta of 1.40. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.32 and a quick ratio of 1.32. The company has a fifty day moving average price of $196.43 and a two-hundred day moving average price of $161.20. Sterling Infrastructure, Inc. has a one year low of $93.50 and a one year high of $237.70.

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.