Balboa Wealth Partners Grows Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Balboa Wealth Partners increased its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 5.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,024 shares of the construction company’s stock after purchasing an additional 525 shares during the quarter. Balboa Wealth Partners’ holdings in Sterling Infrastructure were worth $1,857,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP boosted its position in shares of Sterling Infrastructure by 510.7% in the 3rd quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $25,000 after buying an additional 143 shares in the last quarter. Huntington National Bank raised its stake in 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 purchasing an additional 213 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Sterling Infrastructure in the 4th quarter valued at about $39,000. Arcadia Investment Management Corp MI acquired a new position in Sterling Infrastructure in the 4th quarter valued at about $71,000. Finally, Private Trust Co. NA acquired a new position in Sterling Infrastructure in the 3rd quarter valued at about $78,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Dana C. O’brien sold 2,000 shares of the company’s 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 of the company’s stock, valued at $4,555,726.89. This represents a 7.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.80% of the company’s stock.

Sterling Infrastructure Trading Up 0.6 %

Shares of STRL stock opened at $116.44 on Thursday. Sterling Infrastructure, Inc. has a twelve month low of $93.50 and a twelve month high of $206.07. The firm has a 50-day moving average price of $146.68 and a 200 day moving average price of $155.43. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 1.28 and a beta of 1.32.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. William Blair assumed coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating for the company. DA Davidson raised 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. Finally, StockNews.com raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Thursday, March 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.