Peterson Wealth Services Makes New $834,000 Investment in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Peterson Wealth Services acquired a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,951 shares of the construction company’s stock, valued at approximately $834,000.

A number of other hedge funds have also made changes to their positions in the business. State Street Corp boosted its holdings in Sterling Infrastructure by 0.7% in the third quarter. State Street Corp now owns 713,234 shares of the construction company’s stock valued at $103,433,000 after purchasing an additional 5,106 shares in the last quarter. Bay Rivers Group purchased a new position in shares of Sterling Infrastructure in the 4th quarter valued at $341,000. Park Avenue Securities LLC acquired a new stake in Sterling Infrastructure during the 4th quarter worth $253,000. Spire Wealth Management lifted its position in Sterling Infrastructure by 265.1% in the fourth quarter. Spire Wealth Management now owns 8,792 shares of the construction company’s stock valued at $1,481,000 after acquiring an additional 6,384 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Sterling Infrastructure by 1,088.1% in the 3rd quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock valued at $51,561,000 after purchasing an additional 325,620 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Up 0.6 %

STRL opened at $150.65 on Tuesday. Sterling Infrastructure, Inc. has a one year low of $76.01 and a one year high of $206.07. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 1.53 and a beta of 1.24. The business’s fifty day moving average is $172.14 and its two-hundred day moving average is $153.34. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total transaction of $351,780.00. Following the completion of the transaction, the director now owns 25,901 shares in the company, valued at approximately $4,555,726.89. The trade was a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on STRL. William Blair began coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating on the stock. StockNews.com cut Sterling Infrastructure from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th.

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.