Catalyst Capital Advisors LLC Buys New Stake in Sterling Infrastructure, Inc. $STRL

Catalyst Capital Advisors LLC bought a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,050 shares of the construction company’s stock, valued at approximately $2,088,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Forum Financial Management LP acquired a new position in Sterling Infrastructure in the second quarter valued at approximately $307,000. Ethic Inc. acquired a new position in shares of Sterling Infrastructure in the 2nd quarter valued at $250,000. Cookson Peirce & Co. Inc. acquired a new position in shares of Sterling Infrastructure in the 2nd quarter valued at $19,761,000. LMG Wealth Partners LLC lifted its stake in shares of Sterling Infrastructure by 3.4% in the 2nd quarter. LMG Wealth Partners LLC now owns 11,839 shares of the construction company’s stock valued at $2,732,000 after purchasing an additional 391 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Sterling Infrastructure in the second quarter worth about $1,360,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Price Performance

Shares of Sterling Infrastructure stock opened at $353.80 on Friday. The business has a 50 day simple moving average of $322.96 and a two-hundred day simple moving average of $246.65. Sterling Infrastructure, Inc. has a 12 month low of $96.34 and a 12 month high of $376.75. The stock has a market capitalization of $10.76 billion, a P/E ratio of 38.46, a PEG ratio of 2.46 and a beta of 1.38. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.42 and a quick ratio of 1.42.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Monday, June 3rd. The construction company reported $0.64 EPS for the quarter. The firm had revenue of $403.58 million during the quarter. Sterling Infrastructure had a return on equity of 27.93% and a net margin of 13.33%. As a group, analysts predict that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on STRL shares. Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. Wall Street Zen downgraded Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sterling Infrastructure in a research note on Wednesday, October 8th. Finally, DA Davidson upped their target price on Sterling Infrastructure from $265.00 to $355.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $355.00.

About Sterling Infrastructure

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.