Wealth Enhancement Advisory Services LLC Takes $437,000 Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Wealth Enhancement Advisory Services LLC bought a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 3,010 shares of the construction company’s stock, valued at approximately $437,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Inspire Investing LLC bought a new position in shares of Sterling Infrastructure in the first quarter worth about $449,000. Robeco Schweiz AG purchased a new position in Sterling Infrastructure during the second quarter valued at approximately $1,420,000. Virtu Financial LLC bought a new position in shares of Sterling Infrastructure in the first quarter worth approximately $1,138,000. Seven Eight Capital LP bought a new position in shares of Sterling Infrastructure in the first quarter worth approximately $1,689,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Sterling Infrastructure in the first quarter worth $490,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Sterling Infrastructure Stock Up 11.1 %

Shares of STRL opened at $193.61 on Friday. The business’s 50 day moving average is $145.40 and its 200 day moving average is $126.26. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44. Sterling Infrastructure, Inc. has a 12-month low of $62.13 and a 12-month high of $194.07. The company has a market capitalization of $5.95 billion, a PE ratio of 32.70, a price-to-earnings-growth ratio of 1.79 and a beta of 1.15.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Sunday, September 15th.

Insider Buying and Selling at Sterling Infrastructure

In other news, EVP Ronald A. Ballschmiede sold 18,700 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $143.59, for a total value of $2,685,133.00. Following the transaction, the executive vice president now owns 248,471 shares of the company’s stock, valued at approximately $35,677,950.89. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.70% of the company’s stock.

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.