Sterling Infrastructure, Inc. $STRL Shares Sold by Strs Ohio

Strs Ohio lowered its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 11.8% in the second quarter, HoldingsChannel.com reports. The fund owned 7,500 shares of the construction company’s stock after selling 1,000 shares during the quarter. Strs Ohio’s holdings in Sterling Infrastructure were worth $1,730,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STRL. Ameritas Advisory Services LLC acquired a new stake in Sterling Infrastructure during the 2nd quarter worth about $29,000. Bessemer Group Inc. lifted its holdings in shares of Sterling Infrastructure by 119.3% in the 2nd quarter. Bessemer Group Inc. now owns 125 shares of the construction company’s stock valued at $29,000 after buying an additional 68 shares during the period. Armstrong Advisory Group Inc. lifted its holdings in shares of Sterling Infrastructure by 93.2% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 170 shares of the construction company’s stock valued at $39,000 after buying an additional 82 shares during the period. MCF Advisors LLC lifted its holdings in shares of Sterling Infrastructure by 97.7% in the 2nd quarter. MCF Advisors LLC now owns 172 shares of the construction company’s stock valued at $40,000 after buying an additional 85 shares during the period. Finally, Richardson Financial Services Inc. lifted its holdings in shares of Sterling Infrastructure by 32.9% in the 2nd quarter. Richardson Financial Services Inc. now owns 190 shares of the construction company’s stock valued at $42,000 after buying an additional 47 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Price Performance

Shares of Sterling Infrastructure stock opened at $382.57 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.31. Sterling Infrastructure, Inc. has a twelve month low of $96.34 and a twelve month high of $419.14. The business has a 50-day moving average price of $339.46 and a 200 day moving average price of $263.19. The firm has a market cap of $11.64 billion, a PE ratio of 41.58, a P/E/G ratio of 2.98 and a beta of 1.38.

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

Analyst Ratings Changes

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

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.