Asset Management One Co. Ltd. Decreases Stock Holdings in Sterling Infrastructure, Inc. $STRL

Asset Management One Co. Ltd. decreased its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 6.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 49,529 shares of the construction company’s stock after selling 3,339 shares during the period. Asset Management One Co. Ltd.’s holdings in Sterling Infrastructure were worth $11,429,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. CWC Advisors LLC. lifted its holdings 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 purchasing an additional 43 shares in the last quarter. Richardson Financial Services Inc. lifted its holdings 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 purchasing an additional 47 shares in the last quarter. Private Trust Co. NA lifted its holdings 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 purchasing an additional 51 shares in the last quarter. Assetmark Inc. lifted its holdings in Sterling Infrastructure by 5.4% in the 1st quarter. Assetmark Inc. now owns 1,372 shares of the construction company’s stock valued at $155,000 after purchasing an additional 70 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in Sterling Infrastructure by 21.7% in the 2nd quarter. Signaturefd LLC now owns 392 shares of the construction company’s stock valued at $90,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Up 7.1%

Shares of STRL opened at $379.08 on Monday. Sterling Infrastructure, Inc. has a 52-week low of $96.34 and a 52-week high of $384.00. The company has a market capitalization of $11.53 billion, a PE ratio of 41.20, a price-to-earnings-growth ratio of 2.80 and a beta of 1.38. The stock has a fifty day simple moving average of $325.04 and a two-hundred day simple moving average of $250.22. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.31.

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. 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, equities analysts forecast that Sterling Infrastructure, Inc. will post 5.98 EPS for the current year.

Analyst Ratings Changes

STRL has been the topic of a number of research reports. Wall Street Zen lowered Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Friday, September 26th. Zacks Research upgraded Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. Weiss Ratings restated a “buy (b)” rating on shares of Sterling Infrastructure in a report on Saturday. Finally, DA Davidson raised their price objective on Sterling Infrastructure from $265.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price 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.