Sterling Infrastructure, Inc. $STRL Stake Increased by GKV Capital Management Co. Inc.

GKV Capital Management Co. Inc. boosted its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 465.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,682 shares of the construction company’s stock after purchasing an additional 4,677 shares during the quarter. GKV Capital Management Co. Inc.’s holdings in Sterling Infrastructure were worth $2,794,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pier 88 Investment Partners LLC raised its position in shares of Sterling Infrastructure by 40.0% during the third quarter. Pier 88 Investment Partners LLC now owns 700 shares of the construction company’s stock valued at $344,000 after buying an additional 200 shares during the last quarter. Maryland State Retirement & Pension System lifted its holdings in shares of Sterling Infrastructure by 15.4% in the third quarter. Maryland State Retirement & Pension System now owns 1,861 shares of the construction company’s stock worth $915,000 after buying an additional 248 shares in the last quarter. Jacobi Capital Management LLC purchased a new position in shares of Sterling Infrastructure in the third quarter worth $73,000. Northbridge Financial Group LLC boosted its position in shares of Sterling Infrastructure by 24.0% during the third quarter. Northbridge Financial Group LLC now owns 454 shares of the construction company’s stock worth $223,000 after acquiring an additional 88 shares during the last quarter. Finally, Lido Advisors LLC boosted its position in shares of Sterling Infrastructure by 22.0% during the third quarter. Lido Advisors LLC now owns 1,924 shares of the construction company’s stock worth $946,000 after acquiring an additional 347 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on STRL. JPMorgan Chase & Co. initiated coverage on shares of Sterling Infrastructure in a research note on Tuesday. They set an “overweight” rating and a $585.00 target price for the company. Wall Street Zen upgraded shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 7th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $742.00 price target on shares of Sterling Infrastructure in a research note on Thursday, October 29th. Stifel Nicolaus dropped their price objective on shares of Sterling Infrastructure from $804.00 to $742.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Finally, Weiss Ratings lowered Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 9th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Sterling Infrastructure has a consensus rating of “Moderate Buy” and a consensus target price of $709.14.

Sterling Infrastructure Stock Down 0.7%

Shares of STRL opened at $301.60 on Friday. The stock has a market capitalization of $9.20 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 0.56 and a beta of 1.97. Sterling Infrastructure, Inc. has a 1 year low of $239.35 and a 1 year high of $1,005.68. The business’s 50 day simple moving average is $438.64 and its 200-day simple moving average is $547.56. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.04 and a quick ratio of 1.04.

Sterling Infrastructure (NASDAQ:STRL) last posted its earnings results on Wednesday, October 28th. The construction company reported $7.58 EPS for the quarter, beating analysts’ consensus estimates of $6.20 by $1.38. Sterling Infrastructure had a return on equity of 45.97% and a net margin of 12.85%. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.19 billion. The firm’s quarterly revenue was up 127.0% compared to the same quarter last year. As a group, equities analysts expect that Sterling Infrastructure, Inc. will post 20.96 earnings per share for the current fiscal year.

About Sterling Infrastructure

Sterling Infrastructure, Inc. (NASDAQ: STRL) is a U.S.-based construction company that delivers infrastructure and building services through its E-Infrastructure Solutions, Transportation Solutions and Building Solutions segments. E-Infrastructure Solutions provides site development and related services for data centers, manufacturing facilities, distribution centers and other large-scale projects. Transportation Solutions builds and improves public infrastructure, including roads and bridges, while Building Solutions focuses on concrete foundations and other construction services for residential and commercial customers.