Elm3 Financial Group LLC Purchases Shares of 4,821 Sterling Infrastructure, Inc. (NASDAQ:STRL)

Elm3 Financial Group LLC purchased a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,821 shares of the construction company's stock, valued at approximately $812,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. boosted its stake in Sterling Infrastructure by 4.2% in the fourth quarter. Stratos Wealth Partners LTD. now owns 48,258 shares of the construction company's stock valued at $8,129,000 after acquiring an additional 1,942 shares during the period. 1858 Wealth Management LLC acquired a new stake in Sterling Infrastructure in the fourth quarter worth $686,000. Alliance Wealth Advisors LLC UT lifted its stake in Sterling Infrastructure by 3.7% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 5,613 shares of the construction company's stock valued at $946,000 after buying an additional 199 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Sterling Infrastructure by 22.3% during the fourth quarter. Jennison Associates LLC now owns 5,417 shares of the construction company's stock valued at $912,000 after acquiring an additional 987 shares during the period. Finally, HHM Wealth Advisors LLC grew its position in shares of Sterling Infrastructure by 25.9% during the fourth quarter. HHM Wealth Advisors LLC now owns 1,191 shares of the construction company's stock worth $201,000 after acquiring an additional 245 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company's stock.

Insider Buying and Selling

In related news, Director Dana C. O'brien sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total value of $351,780.00. Following the transaction, the director now owns 25,901 shares in the company, valued at approximately $4,555,726.89. This represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on STRL shares. StockNews.com downgraded shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Thursday. William Blair initiated coverage on Sterling Infrastructure in a research report on Friday, January 17th. They set an "outperform" rating for the company.

Sterling Infrastructure Stock Up 0.5 %

Sterling Infrastructure stock traded up $0.77 during mid-day trading on Monday, hitting $150.49. The company's stock had a trading volume of 244,297 shares, compared to its average volume of 464,331. The company has a market cap of $4.62 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 1.53 and a beta of 1.24. Sterling Infrastructure, Inc. has a 52-week low of $76.01 and a 52-week high of $206.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The firm's 50 day moving average is $172.14 and its 200 day moving average is $153.34.

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.