Teacher Retirement System of Texas Sells 16,076 Shares of Sterling Infrastructure, Inc. $STRL

Teacher Retirement System of Texas reduced its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 21.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,531 shares of the construction company’s stock after selling 16,076 shares during the period. Teacher Retirement System of Texas owned approximately 0.19% of Sterling Infrastructure worth $13,274,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. boosted its holdings in shares of Sterling Infrastructure by 689.7% in the first quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company’s stock worth $26,000 after acquiring an additional 200 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Sterling Infrastructure in the second quarter worth $29,000. Bessemer Group Inc. boosted its holdings in shares of Sterling Infrastructure by 119.3% in the second quarter. Bessemer Group Inc. now owns 125 shares of the construction company’s stock worth $29,000 after acquiring an additional 68 shares during the period. Armstrong Advisory Group Inc. boosted its holdings in shares of Sterling Infrastructure by 93.2% in the second quarter. Armstrong Advisory Group Inc. now owns 170 shares of the construction company’s stock worth $39,000 after acquiring an additional 82 shares during the period. Finally, MCF Advisors LLC boosted its holdings in shares of Sterling Infrastructure by 97.7% in the second quarter. MCF Advisors LLC now owns 172 shares of the construction company’s stock worth $40,000 after acquiring an additional 85 shares during the period. 80.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

STRL has been the subject of a number of analyst reports. Zacks Research raised Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. Wall Street Zen lowered Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Friday, September 26th. DA Davidson increased their price objective on Sterling Infrastructure from $265.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Sterling Infrastructure in a research report on Wednesday, October 8th. One 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, Sterling Infrastructure presently has an average rating of “Buy” and an average price target of $355.00.

Sterling Infrastructure Trading Up 0.8%

Shares of STRL stock opened at $379.89 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.42 and a current ratio of 1.42. Sterling Infrastructure, Inc. has a 52-week low of $96.34 and a 52-week high of $391.72. The company has a market capitalization of $11.56 billion, a PE ratio of 41.29, a price-to-earnings-growth ratio of 2.79 and a beta of 1.38. The business’s fifty day moving average is $328.99 and its 200 day moving average is $253.65.

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