Sterling Infrastructure, Inc. $STRL Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 6.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,529 shares of the construction company’s stock after selling 3,339 shares during the quarter. Asset Management One Co. Ltd. owned about 0.16% of Sterling Infrastructure worth $11,429,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its holdings 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 during the period. Cambridge Investment Research Advisors Inc. increased its holdings 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 during the period. Oppenheimer Asset Management Inc. acquired a new position in Sterling Infrastructure in the 1st quarter worth approximately $370,000. Diversified Trust Co increased its holdings in Sterling Infrastructure by 13.3% in the 1st quarter. Diversified Trust Co now owns 5,785 shares of the construction company’s stock worth $655,000 after buying an additional 677 shares during the period. Finally, Sunbelt Securities Inc. increased its holdings in Sterling Infrastructure by 689.7% in the 1st quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company’s stock worth $26,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

STRL has been the topic of several research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Sterling Infrastructure in a report on Saturday. DA Davidson increased their price target on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. Finally, Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Friday, September 26th. One equities research 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, the stock has an average rating of “Buy” and a consensus price target of $355.00.

Sterling Infrastructure Trading Up 7.1%

Sterling Infrastructure stock opened at $379.08 on Monday. 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 12 month low of $96.34 and a 12 month high of $384.00. The stock’s 50 day simple moving average is $325.04 and its two-hundred day simple moving average is $250.22. The firm has a market cap of $11.53 billion, a PE ratio of 41.20, a P/E/G ratio of 2.80 and a beta of 1.38.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Monday, June 3rd. The construction company reported $0.64 EPS for the quarter. Sterling Infrastructure had a return on equity of 27.93% and a net margin of 13.33%.The business had revenue of $403.58 million for the quarter. Analysts anticipate 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.