Los Angeles Capital Management LLC Buys 5,295 Shares of Sterling Infrastructure, Inc. $STRL

Los Angeles Capital Management LLC increased its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 20.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,761 shares of the construction company’s stock after purchasing an additional 5,295 shares during the period. Los Angeles Capital Management LLC owned approximately 0.10% of Sterling Infrastructure worth $7,097,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Hantz Financial Services Inc. lifted its holdings in shares of Sterling Infrastructure by 16.1% in the second quarter. Hantz Financial Services Inc. now owns 295 shares of the construction company’s stock valued at $68,000 after purchasing an additional 41 shares in the last quarter. CWC Advisors LLC. raised its position in Sterling Infrastructure by 2.4% in the 2nd quarter. CWC Advisors LLC. now owns 1,858 shares of the construction company’s stock valued at $429,000 after buying an additional 43 shares during the last quarter. Richardson Financial Services Inc. lifted its stake in Sterling Infrastructure by 32.9% in the 2nd quarter. Richardson Financial Services Inc. now owns 190 shares of the construction company’s stock valued at $42,000 after acquiring an additional 47 shares in the last quarter. Private Trust Co. NA lifted its stake in Sterling Infrastructure by 9.4% in the 2nd quarter. Private Trust Co. NA now owns 591 shares of the construction company’s stock valued at $136,000 after acquiring an additional 51 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its position in Sterling Infrastructure by 54.8% during the 2nd quarter. Golden State Wealth Management LLC now owns 144 shares of the construction company’s stock worth $33,000 after acquiring an additional 51 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

STRL has been the topic of a number of recent research reports. DA Davidson lifted their price objective on shares of Sterling Infrastructure from $355.00 to $460.00 and gave the company a “buy” rating in a report on Wednesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sterling Infrastructure in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 26th. Finally, Zacks Research downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Sterling Infrastructure currently has a consensus rating of “Moderate Buy” and an average price target of $460.00.

Sterling Infrastructure Price Performance

NASDAQ:STRL opened at $377.84 on Monday. The stock has a market capitalization of $11.61 billion, a PE ratio of 41.07, a P/E/G ratio of 2.98 and a beta of 1.39. Sterling Infrastructure, Inc. has a 1-year low of $96.34 and a 1-year high of $419.14. The firm has a fifty day simple moving average of $345.83 and a 200 day simple moving average of $268.62. 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 (NASDAQ:STRL) last posted its quarterly 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 firm had revenue of $403.58 million for the quarter. On average, research analysts expect 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.