SeaCrest Wealth Management LLC Takes $37,000 Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

SeaCrest Wealth Management LLC bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRLGet Rating) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,700 shares of the construction company’s stock, valued at approximately $37,000.

Several other hedge funds also recently modified their holdings of STRL. Acadian Asset Management LLC bought a new position in shares of Sterling Infrastructure in the 1st quarter valued at about $38,000. US Bancorp DE raised its position in shares of Sterling Infrastructure by 288.9% in the 1st quarter. US Bancorp DE now owns 3,527 shares of the construction company’s stock valued at $94,000 after acquiring an additional 2,620 shares during the period. Amalgamated Bank acquired a new stake in shares of Sterling Infrastructure in the 1st quarter valued at approximately $96,000. SG Americas Securities LLC raised its position in shares of Sterling Infrastructure by 10.7% in the 2nd quarter. SG Americas Securities LLC now owns 4,873 shares of the construction company’s stock valued at $107,000 after acquiring an additional 471 shares during the period. Finally, Counterpoint Mutual Funds LLC raised its position in shares of Sterling Infrastructure by 63.8% in the 2nd quarter. Counterpoint Mutual Funds LLC now owns 5,187 shares of the construction company’s stock valued at $114,000 after acquiring an additional 2,020 shares during the period. Institutional investors own 79.05% of the company’s stock.

Sterling Infrastructure Stock Performance

Shares of STRL stock opened at $31.89 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market capitalization of $967.22 million, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 0.57 and a beta of 1.32. The company’s 50 day moving average price is $26.13 and its two-hundred day moving average price is $24.70. Sterling Infrastructure, Inc. has a 52 week low of $20.46 and a 52 week high of $33.62.

Wall Street Analyst Weigh In

STRL has been the topic of a number of analyst reports. StockNews.com upgraded shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 2nd. DA Davidson cut their price target on shares of Sterling Infrastructure to $34.00 in a research report on Tuesday, August 9th.

Insiders Place Their Bets

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 19,677 shares of the firm’s stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $30.56, for a total transaction of $601,329.12. Following the sale, the chief executive officer now directly owns 759,607 shares in the company, valued at approximately $23,213,589.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.20% of the company’s stock.

Sterling Infrastructure Profile

(Get Rating)

Sterling Infrastructure, Inc engages in the transportation, e-infrastructure, and building solutions primarily in the Southern United States, the Northeastern and Mid-Atlantic United States, the Rocky Mountain states, California, and Hawaii. It undertakes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater, and storm drainage systems for the departments of transportation in various states, regional transit authorities, airport authorities, port authorities, water authorities and railroads.

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Institutional Ownership by Quarter for Sterling Infrastructure (NASDAQ:STRL)

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