Emerald Mutual Fund Advisers Trust Makes New Investment in Sterling Infrastructure, Inc. $STRL

Emerald Mutual Fund Advisers Trust acquired a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 34,197 shares of the construction company’s stock, valued at approximately $7,890,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWC Advisors LLC. grew its position in Sterling Infrastructure by 2.4% during the 2nd quarter. CWC Advisors LLC. now owns 1,858 shares of the construction company’s stock worth $429,000 after purchasing an additional 43 shares in the last quarter. Richardson Financial Services Inc. grew its position in Sterling Infrastructure by 32.9% during the 2nd quarter. Richardson Financial Services Inc. now owns 190 shares of the construction company’s stock worth $42,000 after purchasing an additional 47 shares in the last quarter. Private Trust Co. NA grew its position in Sterling Infrastructure by 9.4% during the 2nd quarter. Private Trust Co. NA now owns 591 shares of the construction company’s stock worth $136,000 after purchasing an additional 51 shares in the last quarter. Convergence Investment Partners LLC grew its holdings in shares of Sterling Infrastructure by 1.1% during the 2nd quarter. Convergence Investment Partners LLC now owns 5,774 shares of the construction company’s stock valued at $1,332,000 after acquiring an additional 60 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of Sterling Infrastructure by 119.3% during the 2nd quarter. Bessemer Group Inc. now owns 125 shares of the construction company’s stock valued at $29,000 after acquiring an additional 68 shares in the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on STRL. Weiss Ratings restated a “buy (b)” rating on shares of Sterling Infrastructure in a report on Wednesday, October 8th. Wall Street Zen cut shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Friday, September 26th. Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. Finally, DA Davidson boosted their price target on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $355.00.

Sterling Infrastructure Trading Up 6.2%

Shares of NASDAQ:STRL opened at $403.35 on Thursday. The stock has a market capitalization of $12.27 billion, a PE ratio of 43.84, a P/E/G ratio of 2.81 and a beta of 1.38. Sterling Infrastructure, Inc. has a 1 year low of $96.34 and a 1 year high of $409.33. The firm has a fifty day moving average price of $331.55 and a 200 day moving average price of $255.51. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.31.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data on Monday, June 3rd. The construction company reported $0.64 earnings per share (EPS) for the quarter. The firm had revenue of $403.58 million during the quarter. Sterling Infrastructure had a net margin of 13.33% and a return on equity of 27.93%. Analysts expect that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

Sterling Infrastructure 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.