Spire Wealth Management Grows Holdings in Sterling Infrastructure, Inc. $STRL

Spire Wealth Management grew its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 6,335.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,792 shares of the construction company’s stock after acquiring an additional 5,702 shares during the period. Spire Wealth Management’s holdings in Sterling Infrastructure were worth $1,336,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new stake in Sterling Infrastructure during the 2nd quarter worth approximately $29,000. Bessemer Group Inc. increased its stake in Sterling Infrastructure by 119.3% during the 2nd quarter. Bessemer Group Inc. now owns 125 shares of the construction company’s stock worth $29,000 after buying an additional 68 shares during the period. Armstrong Advisory Group Inc. increased its stake in Sterling Infrastructure by 93.2% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 170 shares of the construction company’s stock worth $39,000 after buying an additional 82 shares during the period. MCF Advisors LLC increased its stake in Sterling Infrastructure by 97.7% during the 2nd quarter. MCF Advisors LLC now owns 172 shares of the construction company’s stock worth $40,000 after buying an additional 85 shares during the period. Finally, Richardson Financial Services Inc. increased its stake in Sterling Infrastructure by 32.9% during the 2nd quarter. Richardson Financial Services Inc. now owns 190 shares of the construction company’s stock worth $42,000 after buying an additional 47 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Trading Down 0.3%

NASDAQ STRL opened at $377.90 on Friday. 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, Inc. has a 52 week low of $96.34 and a 52 week high of $409.33. The stock has a market capitalization of $11.50 billion, a PE ratio of 41.08, a price-to-earnings-growth ratio of 2.98 and a beta of 1.38. The firm has a 50 day moving average of $335.54 and a two-hundred day moving average of $258.05.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 5th. Wall Street Zen downgraded shares of 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 shares of Sterling Infrastructure from $265.00 to $355.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $355.00.

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.