1,160 Shares in Sterling Infrastructure, Inc. $STRL Bought by Praxis Investment Management Inc.

Praxis Investment Management Inc. bought a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,160 shares of the construction company's stock, valued at approximately $268,000.

A number of other institutional investors have also added to or reduced their stakes in the company. CWC Advisors LLC. increased its holdings in Sterling Infrastructure by 2.4% during the second quarter. CWC Advisors LLC. now owns 1,858 shares of the construction company's stock worth $429,000 after buying an additional 43 shares during the last quarter. Richardson Financial Services Inc. increased 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 buying an additional 47 shares during the last quarter. Assetmark Inc. increased its holdings in Sterling Infrastructure by 5.4% during the first quarter. Assetmark Inc. now owns 1,372 shares of the construction company's stock worth $155,000 after buying an additional 70 shares during the last quarter. Signaturefd LLC boosted its position in Sterling Infrastructure by 21.7% during the second quarter. Signaturefd LLC now owns 392 shares of the construction company's stock worth $90,000 after purchasing an additional 70 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its position in Sterling Infrastructure by 3.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,935 shares of the construction company's stock worth $446,000 after purchasing an additional 70 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Trading Down 1.5%

Shares of Sterling Infrastructure stock opened at $355.58 on Friday. The firm has a 50-day moving average of $318.02 and a 200-day moving average of $240.76. The stock has a market cap of $10.82 billion, a PE ratio of 38.65, a PEG ratio of 2.63 and a beta of 1.38. Sterling Infrastructure, Inc. has a 52-week low of $96.34 and a 52-week high of $376.75. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.42 and a current ratio of 1.42.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last announced its earnings results on Monday, June 3rd. The construction company reported $0.64 earnings per share (EPS) for the quarter. The company 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%. As a group, sell-side analysts forecast that Sterling Infrastructure, Inc. will post 5.98 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wall Street Zen cut shares of Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a research report on Friday, September 26th. Zacks Research raised shares of Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 5th. DA Davidson lifted their price objective on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Sterling Infrastructure in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.