Advisory Alpha LLC Buys 612 Shares of Sterling Infrastructure, Inc. $STRL

Advisory Alpha LLC lifted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 29.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,688 shares of the construction company’s stock after acquiring an additional 612 shares during the period. Advisory Alpha LLC’s holdings in Sterling Infrastructure were worth $620,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new stake in shares of Sterling Infrastructure during the second quarter worth $29,000. Bessemer Group Inc. increased its position in shares of Sterling Infrastructure by 119.3% during the second quarter. Bessemer Group Inc. now owns 125 shares of the construction company’s stock worth $29,000 after acquiring an additional 68 shares in the last quarter. Armstrong Advisory Group Inc. increased its position in shares of Sterling Infrastructure by 93.2% during the second quarter. Armstrong Advisory Group Inc. now owns 170 shares of the construction company’s stock worth $39,000 after acquiring an additional 82 shares in the last quarter. MCF Advisors LLC increased its position in shares of Sterling Infrastructure by 97.7% during the second quarter. MCF Advisors LLC now owns 172 shares of the construction company’s stock worth $40,000 after acquiring an additional 85 shares in the last quarter. Finally, Richardson Financial Services Inc. boosted its holdings in Sterling Infrastructure by 32.9% during the second quarter. Richardson Financial Services Inc. now owns 190 shares of the construction company’s stock worth $42,000 after purchasing an additional 47 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

STRL has been the subject of several recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Sterling Infrastructure in a report on Wednesday, October 8th. Wall Street Zen cut shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Friday, September 26th. DA Davidson increased their target price on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Finally, Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $355.00.

Sterling Infrastructure Stock Performance

Shares of STRL opened at $379.89 on Wednesday. Sterling Infrastructure, Inc. has a 12 month low of $96.34 and a 12 month high of $391.72. The firm has a fifty day simple moving average of $328.99 and a 200 day simple moving average of $253.65. The stock has a market capitalization of $11.56 billion, a price-to-earnings ratio of 41.29, a PEG ratio of 2.79 and a beta of 1.38. 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 announced its quarterly earnings results 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 net margin of 13.33% and a return on equity of 27.93%. Research analysts forecast that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

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.