Opal Wealth Advisors LLC Sells 115 Shares of Sterling Infrastructure, Inc. $STRL

Opal Wealth Advisors LLC lowered its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 46.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 130 shares of the construction company’s stock after selling 115 shares during the period. Opal Wealth Advisors LLC’s holdings in Sterling Infrastructure were worth $30,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sunbelt Securities Inc. grew its holdings in Sterling Infrastructure by 689.7% during the first quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company’s stock worth $26,000 after purchasing an additional 200 shares during the period. Versant Capital Management Inc grew its holdings in Sterling Infrastructure by 355.8% during the first quarter. Versant Capital Management Inc now owns 237 shares of the construction company’s stock worth $27,000 after purchasing an additional 185 shares during the period. Armstrong Advisory Group Inc. grew its holdings in Sterling Infrastructure by 93.2% during the second quarter. Armstrong Advisory Group Inc. now owns 170 shares of the construction company’s stock worth $39,000 after purchasing an additional 82 shares during the period. Quarry LP grew its holdings in Sterling Infrastructure by 107.7% during the first quarter. Quarry LP now owns 376 shares of the construction company’s stock worth $43,000 after purchasing an additional 195 shares during the period. Finally, SBI Securities Co. Ltd. grew its holdings in Sterling Infrastructure by 111.3% during the first quarter. SBI Securities Co. Ltd. now owns 488 shares of the construction company’s stock worth $55,000 after purchasing an additional 257 shares during the period. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Trading Down 7.5%

Shares of NASDAQ:STRL opened at $344.05 on Thursday. Sterling Infrastructure, Inc. has a 12-month low of $96.34 and a 12-month high of $376.75. The stock has a market cap of $10.47 billion, a PE ratio of 37.40, a P/E/G ratio of 2.75 and a beta of 1.35. The business has a 50 day moving average of $289.97 and a 200-day moving average of $212.97. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.31.

Analysts Set New Price Targets

STRL has been the subject of a number of research analyst reports. DA Davidson lifted their price target on Sterling Infrastructure from $265.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Zacks Research upgraded Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. Finally, Wall Street Zen upgraded Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $355.00.

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.