Counterpoint Mutual Funds LLC Makes New $768,000 Investment in Sterling Infrastructure, Inc. $STRL

Counterpoint Mutual Funds LLC purchased a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,327 shares of the construction company’s stock, valued at approximately $768,000.

Several other institutional investors and hedge funds have also recently modified their holdings of STRL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Sterling Infrastructure by 10.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 74,358 shares of the construction company’s stock valued at $12,526,000 after purchasing an additional 7,062 shares during the period. Public Employees Retirement System of Ohio increased its holdings in Sterling Infrastructure by 289.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 907 shares of the construction company’s stock valued at $153,000 after acquiring an additional 674 shares during the last quarter. Forum Financial Management LP bought a new stake in Sterling Infrastructure in the 4th quarter valued at $224,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Sterling Infrastructure in the 4th quarter valued at $6,914,000. Finally, Cim LLC bought a new stake in Sterling Infrastructure in the 4th quarter valued at $271,000. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Trading Up 2.0%

NASDAQ STRL opened at $367.39 on Tuesday. 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 market cap of $11.18 billion, a PE ratio of 39.93, a price-to-earnings-growth ratio of 2.67 and a beta of 1.35. The company has a 50 day moving average price of $285.29 and a 200 day moving average price of $210.94. Sterling Infrastructure, Inc. has a 52 week low of $96.34 and a 52 week high of $368.27.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on STRL shares. Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. Wall Street Zen upgraded shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 13th. Finally, DA Davidson boosted their price objective on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat.com, Sterling Infrastructure has an average rating of “Buy” and an average target price 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.