JT Stratford LLC Acquires 3,275 Shares of Sterling Infrastructure, Inc. $STRL

JT Stratford LLC increased its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 26.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,740 shares of the construction company’s stock after buying an additional 3,275 shares during the period. JT Stratford LLC owned about 0.05% of Sterling Infrastructure worth $1,782,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in STRL. Pacer Advisors Inc. purchased a new position in shares of Sterling Infrastructure during the first quarter valued at $28,689,000. Capital Research Global Investors increased its stake in shares of Sterling Infrastructure by 78.5% during the fourth quarter. Capital Research Global Investors now owns 574,976 shares of the construction company’s stock valued at $96,855,000 after buying an additional 252,934 shares during the period. Nuveen LLC purchased a new position in shares of Sterling Infrastructure during the first quarter valued at $19,741,000. Vanguard Group Inc. increased its stake in shares of Sterling Infrastructure by 6.3% during the first quarter. Vanguard Group Inc. now owns 2,682,995 shares of the construction company’s stock valued at $303,742,000 after buying an additional 159,191 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Sterling Infrastructure by 74.1% during the fourth quarter. First Trust Advisors LP now owns 356,339 shares of the construction company’s stock valued at $60,025,000 after buying an additional 151,642 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Price Performance

STRL opened at $283.20 on Tuesday. The business’s 50-day moving average is $247.73 and its two-hundred day moving average is $181.29. Sterling Infrastructure, Inc. has a 1 year low of $96.34 and a 1 year high of $321.79. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $8.61 billion, a PE ratio of 30.78, a price-to-earnings-growth ratio of 2.09 and a beta of 1.46.

Analysts Set New Price Targets

Several equities analysts have recently commented on STRL shares. Wall Street Zen upgraded Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. DA Davidson lifted their target price on Sterling Infrastructure from $265.00 to $355.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th.

Insider Activity

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 3,500 shares of Sterling Infrastructure stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $225.87, for a total value of $790,545.00. Following the transaction, the general counsel owned 29,315 shares in the company, valued at $6,621,379.05. The trade was a 10.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dana C. O’brien sold 10,154 shares of Sterling Infrastructure stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $206.58, for a total value of $2,097,613.32. Following the completion of the transaction, the director owned 16,498 shares in the company, valued at $3,408,156.84. This trade represents a 38.10% decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is owned by insiders.

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.