Plato Investment Management Ltd Acquires New Shares in Sterling Infrastructure, Inc. $STRL

Plato Investment Management Ltd bought a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 218 shares of the construction company’s stock, valued at approximately $50,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Pier Capital LLC increased its holdings in shares of Sterling Infrastructure by 58.3% in the 2nd quarter. Pier Capital LLC now owns 51,494 shares of the construction company’s stock worth $11,881,000 after buying an additional 18,956 shares during the last quarter. Kovack Advisors Inc. grew its position in shares of Sterling Infrastructure by 16.0% during the 2nd quarter. Kovack Advisors Inc. now owns 3,381 shares of the construction company’s stock worth $780,000 after buying an additional 467 shares in the last quarter. Amalgamated Bank boosted its position in Sterling Infrastructure by 736.1% during the 2nd quarter. Amalgamated Bank now owns 8,645 shares of the construction company’s stock valued at $1,995,000 after acquiring an additional 7,611 shares in the last quarter. Savvy Advisors Inc. bought a new stake in Sterling Infrastructure during the 2nd quarter valued at $234,000. Finally, Spire Wealth Management boosted its position in Sterling Infrastructure by 6,335.6% during the second quarter. Spire Wealth Management now owns 5,792 shares of the construction company’s stock valued at $1,336,000 after purchasing an additional 5,702 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Sterling Infrastructure Stock Up 3.9%

Shares of NASDAQ STRL opened at $392.77 on Tuesday. Sterling Infrastructure, Inc. has a 12-month low of $96.34 and a 12-month high of $409.33. The stock has a market cap of $11.95 billion, a PE ratio of 42.69, a P/E/G ratio of 2.98 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. The company has a 50-day moving average of $337.67 and a 200 day moving average of $261.48.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, June 3rd. The construction company reported $0.64 earnings per share (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, sell-side analysts predict that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

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.