SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Acquires Shares of 6,310 Sterling Infrastructure, Inc. (NASDAQ:STRL)

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,310 shares of the construction company’s stock, valued at approximately $1,063,000. Sterling Infrastructure makes up approximately 1.0% of SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co’s investment portfolio, making the stock its 22nd largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in STRL. Quarry LP grew its stake in Sterling Infrastructure by 510.7% in the third quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $25,000 after purchasing an additional 143 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Sterling Infrastructure in the 3rd quarter worth approximately $26,000. Huntington National Bank increased its holdings in shares of Sterling Infrastructure by 21,300.0% in the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company’s stock valued at $31,000 after acquiring an additional 213 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Sterling Infrastructure during the 4th quarter valued at approximately $39,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of Sterling Infrastructure during the 4th quarter valued at approximately $71,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Sterling Infrastructure

In related news, Director Dana C. O’brien sold 2,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the completion of the transaction, the director now owns 25,901 shares in the company, valued at $4,555,726.89. This represents a 7.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 3.80% of the company’s stock.

Sterling Infrastructure Price Performance

Shares of STRL opened at $115.74 on Wednesday. Sterling Infrastructure, Inc. has a 12 month low of $93.50 and a 12 month 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 stock has a fifty day moving average price of $147.72 and a 200 day moving average price of $155.70. The company has a market cap of $3.54 billion, a P/E ratio of 19.55, a PEG ratio of 1.28 and a beta of 1.32.

Wall Street Analyst Weigh In

STRL has been the subject of several recent research reports. DA Davidson upgraded shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research note on Thursday, February 27th. StockNews.com raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Finally, William Blair initiated coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They set an “outperform” rating on the stock.

Sterling Infrastructure Company 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.