3,327 Shares in Sterling Infrastructure, Inc. $STRL Bought by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC has acquired 3,327 shares of Sterling Infrastructure, valued at approximately $768,000, indicating growing institutional interest in the company.
• Sterling Infrastructure’s stock has received a series of rating upgrades, with Zacks Research and Wall Street Zen both elevating it to a "strong-buy" rating, reflecting increased analyst confidence.
• The company maintains a strong market presence with 80.95% of its stock owned by institutional investors, highlighting a robust support base among large stakeholders.

Counterpoint Mutual Funds LLC purchased a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,327 shares of the construction company's stock, valued at approximately $768,000.

Other hedge funds have also added to or reduced their stakes in the company. CWC Advisors LLC. raised its stake in shares of Sterling Infrastructure by 2.4% during the second quarter. CWC Advisors LLC. now owns 1,858 shares of the construction company's stock valued at $429,000 after acquiring an additional 43 shares during the last quarter. Assetmark Inc. raised its stake in shares of Sterling Infrastructure by 5.4% during the first quarter. Assetmark Inc. now owns 1,372 shares of the construction company's stock valued at $155,000 after acquiring an additional 70 shares during the last quarter. Armstrong Advisory Group Inc. raised its stake 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 valued at $39,000 after acquiring an additional 82 shares during the last quarter. Peterson Wealth Services raised its stake in shares of Sterling Infrastructure by 2.1% during the first quarter. Peterson Wealth Services now owns 5,054 shares of the construction company's stock valued at $572,000 after acquiring an additional 103 shares during the last quarter. Finally, D.A. Davidson & CO. raised its stake in shares of Sterling Infrastructure by 5.0% during the first quarter. D.A. Davidson & CO. now owns 2,424 shares of the construction company's stock valued at $274,000 after acquiring an additional 116 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

Sterling Infrastructure Trading Up 2.0%

Shares of STRL stock opened at $367.39 on Tuesday. Sterling Infrastructure, Inc. has a 12-month low of $96.34 and a 12-month high of $368.27. 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 firm's 50 day moving average is $285.29 and its 200 day moving average is $210.94. The stock has a market capitalization of $11.18 billion, a P/E ratio of 39.93, a P/E/G ratio of 2.67 and a beta of 1.35.

Wall Street Analyst Weigh In

Several equities analysts have recently commented 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 raised shares of Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 13th. Finally, DA Davidson boosted their price target on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price 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.

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