Washburn Capital Management Inc. Makes New Investment in Sterling Infrastructure, Inc. $STRL

Washburn Capital Management Inc. acquired a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 900 shares of the construction company’s stock, valued at approximately $208,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new position in Sterling Infrastructure during the second quarter worth approximately $29,000. Bessemer Group Inc. increased its position in Sterling Infrastructure by 119.3% during the second quarter. Bessemer Group Inc. now owns 125 shares of the construction company’s stock worth $29,000 after purchasing an additional 68 shares during the last quarter. Armstrong Advisory Group Inc. grew its stake 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 buying an additional 82 shares during the period. MCF Advisors LLC grew its stake in Sterling Infrastructure by 97.7% during the second quarter. MCF Advisors LLC now owns 172 shares of the construction company’s stock worth $40,000 after buying an additional 85 shares during the period. Finally, Richardson Financial Services Inc. grew its stake in Sterling Infrastructure by 32.9% during the second quarter. Richardson Financial Services Inc. now owns 190 shares of the construction company’s stock worth $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 STRL stock opened at $392.77 on Tuesday. The company has a market capitalization of $11.95 billion, a PE ratio of 42.69, a price-to-earnings-growth ratio of 2.98 and a beta of 1.38. The firm has a fifty day simple moving average of $337.67 and a 200-day simple moving average of $261.48. 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, Inc. has a twelve month low of $96.34 and a twelve month high of $409.33.

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

Analyst Upgrades and Downgrades

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