8,938 Shares in Sterling Infrastructure, Inc. $STRL Bought by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System bought a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the second quarter, Holdings Channel.com reports. The firm bought 8,938 shares of the construction company’s stock, valued at approximately $2,062,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new position in Sterling Infrastructure in the 2nd quarter worth $29,000. Armstrong Advisory Group Inc. raised its stake in Sterling Infrastructure by 93.2% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 170 shares of the construction company’s stock worth $39,000 after acquiring an additional 82 shares during the last quarter. MCF Advisors LLC raised its stake in Sterling Infrastructure by 97.7% in the 2nd quarter. MCF Advisors LLC now owns 172 shares of the construction company’s stock worth $40,000 after acquiring an additional 85 shares during the last quarter. Sunbelt Securities Inc. raised its stake in Sterling Infrastructure by 689.7% in the 1st quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company’s stock worth $26,000 after acquiring an additional 200 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in Sterling Infrastructure in the 1st quarter worth $28,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Trading Down 5.3%

STRL stock opened at $336.63 on Friday. 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, Inc. has a 12-month low of $96.34 and a 12-month high of $376.75. The stock has a market cap of $10.24 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 2.63 and a beta of 1.38. The business’s 50-day moving average is $311.45 and its 200 day moving average is $231.56.

Sterling Infrastructure (NASDAQ:STRL) last posted 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 return on equity of 27.93% and a net margin of 13.33%.The company had revenue of $403.58 million for the quarter. On average, sell-side analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.