85,647 Shares in Sterling Infrastructure, Inc. $STRL Acquired by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. bought a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the second quarter, Holdings Channel reports. The fund bought 85,647 shares of the construction company’s stock, valued at approximately $19,761,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of STRL. Wealth Enhancement Advisory Services LLC grew its stake in Sterling Infrastructure by 38.6% in the 1st 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. Blue Trust Inc. grew its stake in Sterling Infrastructure by 19.6% in the 1st quarter. Blue Trust Inc. now owns 2,043 shares of the construction company’s stock worth $231,000 after buying an additional 335 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Sterling Infrastructure by 11.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 31,429 shares of the construction company’s stock worth $3,558,000 after buying an additional 3,284 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Sterling Infrastructure in the 1st quarter worth approximately $370,000. Finally, Asset Management One Co. Ltd. grew its stake in Sterling Infrastructure by 40.3% in the 1st quarter. Asset Management One Co. Ltd. now owns 52,868 shares of the construction company’s stock worth $5,985,000 after buying an additional 15,197 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Trading Down 1.3%

Shares of STRL opened at $364.32 on Wednesday. The stock has a market capitalization of $11.08 billion, a P/E ratio of 39.60, a PEG ratio of 2.73 and a beta of 1.38. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.31. The firm has a fifty day simple moving average of $320.72 and a two-hundred day simple moving average of $244.36. Sterling Infrastructure, Inc. has a twelve month low of $96.34 and a twelve month high of $376.75.

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. On average, research analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on STRL shares. Wall Street Zen cut shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 26th. Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Sterling Infrastructure in a research note on Wednesday, October 8th. Finally, DA Davidson upped their price objective on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat, Sterling Infrastructure currently has a consensus rating of “Buy” and a consensus target price of $355.00.

About Sterling Infrastructure

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.