Sterling Infrastructure, Inc. $STRL Shares Sold by Linscomb Wealth Inc.

Linscomb Wealth Inc. decreased its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 7.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,130 shares of the construction company’s stock after selling 2,000 shares during the quarter. Linscomb Wealth Inc. owned 0.09% of Sterling Infrastructure worth $6,029,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Kovack Advisors Inc. grew its stake in shares of Sterling Infrastructure by 16.0% during the 2nd quarter. Kovack Advisors Inc. now owns 3,381 shares of the construction company’s stock worth $780,000 after purchasing an additional 467 shares during the period. Amalgamated Bank grew its stake in shares of Sterling Infrastructure by 736.1% during the 2nd quarter. Amalgamated Bank now owns 8,645 shares of the construction company’s stock worth $1,995,000 after purchasing an additional 7,611 shares during the period. Savvy Advisors Inc. acquired a new stake in shares of Sterling Infrastructure during the 2nd quarter worth approximately $234,000. Spire Wealth Management grew its stake in shares of Sterling Infrastructure by 6,335.6% during the 2nd quarter. Spire Wealth Management now owns 5,792 shares of the construction company’s stock worth $1,336,000 after purchasing an additional 5,702 shares during the period. Finally, Hantz Financial Services Inc. grew its stake in Sterling Infrastructure by 16.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 295 shares of the construction company’s stock valued at $68,000 after acquiring an additional 41 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Trading Down 6.0%

Shares of STRL opened at $379.03 on Friday. Sterling Infrastructure, Inc. has a 52-week low of $96.34 and a 52-week high of $409.33. 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’s fifty day moving average is $333.57 and its two-hundred day moving average is $256.37. The stock has a market cap of $11.53 billion, a PE ratio of 41.20, a price-to-earnings-growth ratio of 2.98 and a beta of 1.38.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on STRL shares. DA Davidson lifted their price target 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. 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. Weiss Ratings reissued a “buy (b)” rating on shares of Sterling Infrastructure in a research note on Wednesday, October 8th. 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 investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat.com, Sterling Infrastructure currently has an average rating of “Buy” and a consensus price target of $355.00.

Sterling Infrastructure 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.