Harbour Investments Inc. Boosts Stake in Sterling Infrastructure, Inc. $STRL

Harbour Investments Inc. lifted its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 21.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,777 shares of the construction company’s stock after buying an additional 1,708 shares during the period. Harbour Investments Inc.’s holdings in Sterling Infrastructure were worth $2,256,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ieq Capital LLC lifted its stake in shares of Sterling Infrastructure by 94.8% in the first quarter. Ieq Capital LLC now owns 8,144 shares of the construction company’s stock worth $922,000 after buying an additional 3,963 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Sterling Infrastructure by 38.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,804 shares of the construction company’s stock worth $544,000 after buying an additional 1,337 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Sterling Infrastructure by 30.3% in the first quarter. Envestnet Asset Management Inc. now owns 78,454 shares of the construction company’s stock worth $8,882,000 after buying an additional 18,254 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of Sterling Infrastructure by 5.0% in the first quarter. D.A. Davidson & CO. now owns 2,424 shares of the construction company’s stock worth $274,000 after buying an additional 116 shares in the last quarter. Finally, Hudson Edge Investment Partners Inc. purchased a new position in shares of Sterling Infrastructure in the first quarter worth about $823,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on STRL. 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sterling Infrastructure in a research note on Wednesday, October 8th. DA Davidson lifted their target price 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, Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $355.00.

Sterling Infrastructure Price Performance

Shares of STRL stock opened at $361.02 on Friday. Sterling Infrastructure, Inc. has a 12 month low of $96.34 and a 12 month high of $376.75. The company has a market capitalization of $10.98 billion, a PE ratio of 39.24, a price-to-earnings-growth ratio of 2.70 and a beta of 1.38. The firm’s 50-day moving average is $316.96 and its two-hundred day moving average is $238.26. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.42 and a quick ratio of 1.42.

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 net margin of 13.33% and a return on equity of 27.93%. The business had revenue of $403.58 million during the quarter. Analysts predict that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current year.

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.