Wealth Enhancement Advisory Services LLC Makes New Investment in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Wealth Enhancement Advisory Services LLC bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,010 shares of the construction company's stock, valued at approximately $437,000.

Other institutional investors also recently modified their holdings of the company. Xponance Inc. lifted its stake in Sterling Infrastructure by 5.1% in the second quarter. Xponance Inc. now owns 1,914 shares of the construction company's stock valued at $227,000 after buying an additional 93 shares during the period. GAMMA Investing LLC boosted its position in Sterling Infrastructure by 45.2% during the 3rd quarter. GAMMA Investing LLC now owns 302 shares of the construction company's stock worth $44,000 after acquiring an additional 94 shares during the last quarter. EFG Asset Management North America Corp. grew its position in Sterling Infrastructure by 0.5% in the second quarter. EFG Asset Management North America Corp. now owns 25,246 shares of the construction company's stock valued at $2,985,000 after purchasing an additional 120 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in Sterling Infrastructure by 1.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 13,006 shares of the construction company's stock worth $1,539,000 after buying an additional 124 shares in the last quarter. Finally, Crewe Advisors LLC boosted its stake in shares of Sterling Infrastructure by 85.4% during the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the construction company's stock worth $35,000 after buying an additional 135 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Sunday, September 15th.

Sterling Infrastructure Stock Performance

STRL stock traded up $19.30 during trading hours on Friday, hitting $193.61. 482,787 shares of the stock were exchanged, compared to its average volume of 351,137. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44. The company has a 50-day simple moving average of $145.40 and a two-hundred day simple moving average of $126.44. Sterling Infrastructure, Inc. has a 12 month low of $62.13 and a 12 month high of $194.07. The firm has a market capitalization of $5.95 billion, a P/E ratio of 32.70, a P/E/G ratio of 2.07 and a beta of 1.15.

Insiders Place Their Bets

In other news, EVP Ronald A. Ballschmiede sold 18,700 shares of the company's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $143.59, for a total transaction of $2,685,133.00. Following the completion of the sale, the executive vice president now directly owns 248,471 shares in the company, valued at approximately $35,677,950.89. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.70% of the company's stock.

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.