Sterling Infrastructure, Inc. $STRL Shares Sold by Elm3 Financial Group LLC

Elm3 Financial Group LLC lessened its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 10.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,392 shares of the construction company’s stock after selling 409 shares during the quarter. Elm3 Financial Group LLC’s holdings in Sterling Infrastructure were worth $783,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of STRL. OLD National Bancorp IN purchased a new position in Sterling Infrastructure during the second quarter valued at approximately $250,000. Ameritas Advisory Services LLC acquired a new position in shares of Sterling Infrastructure in the second quarter worth about $29,000. Chicago Capital LLC acquired a new position in Sterling Infrastructure in the 2nd quarter worth about $359,000. HB Wealth Management LLC acquired a new stake in Sterling Infrastructure in the 2nd quarter valued at $252,000. Finally, Janney Montgomery Scott LLC raised its position in Sterling Infrastructure by 3.8% during the second quarter. Janney Montgomery Scott LLC now owns 3,593 shares of the construction company’s stock worth $829,000 after acquiring an additional 133 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on STRL shares. DA Davidson lifted their price target on Sterling Infrastructure from $265.00 to $355.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Wall Street Zen lowered Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Friday, September 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sterling Infrastructure in a report on Saturday, September 27th. Finally, Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $355.00.

Sterling Infrastructure Price Performance

NASDAQ:STRL opened at $352.78 on Tuesday. Sterling Infrastructure, Inc. has a 52 week low of $96.34 and a 52 week high of $376.75. The stock’s fifty day moving average is $304.46 and its two-hundred day moving average is $226.81. The company has a market capitalization of $10.73 billion, a P/E ratio of 38.35, a P/E/G ratio of 2.58 and a beta of 1.38. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.31.

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.