6,074 Shares in Sterling Infrastructure, Inc. $STRL Acquired by Koshinski Asset Management Inc.

Key Points

• Koshinski Asset Management Inc. has acquired 6,074 shares of Sterling Infrastructure, Inc. valued at approximately $1.4 million, indicating growing institutional interest in the company.
• Vanguard Group Inc. and other hedge funds have also increased their stakes in Sterling Infrastructure, with institutional investors owning 80.95% of the stock.
• Sterling Infrastructure reported a quarterly EPS of $0.64 and has received varied ratings from analysts, with a current consensus rating of "Buy" and a target price of $355.00.

Koshinski Asset Management Inc. bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,074 shares of the construction company's stock, valued at approximately $1,401,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Sterling Infrastructure by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 2,682,995 shares of the construction company's stock worth $303,742,000 after buying an additional 159,191 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in Sterling Infrastructure by 7.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,498,999 shares of the construction company's stock worth $169,702,000 after acquiring an additional 105,222 shares in the last quarter. Congress Asset Management Co. grew its position in Sterling Infrastructure by 2.9% in the second quarter. Congress Asset Management Co. now owns 547,688 shares of the construction company's stock worth $126,368,000 after acquiring an additional 15,490 shares in the last quarter. GW&K Investment Management LLC increased its stake in Sterling Infrastructure by 37.7% in the first quarter. GW&K Investment Management LLC now owns 500,028 shares of the construction company's stock valued at $56,608,000 after acquiring an additional 136,777 shares during the last quarter. Finally, Millennium Management LLC increased its stake in Sterling Infrastructure by 743.9% in the first quarter. Millennium Management LLC now owns 493,393 shares of the construction company's stock valued at $55,857,000 after acquiring an additional 434,925 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Trading Down 1.5%

NASDAQ STRL opened at $355.58 on Friday. Sterling Infrastructure, Inc. has a 1-year low of $96.34 and a 1-year high of $376.75. 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 stock has a 50-day moving average of $318.02 and a 200-day moving average of $240.76. The firm has a market cap of $10.82 billion, a PE ratio of 38.65, a price-to-earnings-growth ratio of 2.63 and a beta of 1.38.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $403.58 million for the quarter. As a group, sell-side analysts forecast that Sterling Infrastructure, Inc. will post 5.98 EPS for the current year.

Analysts Set New Price Targets

STRL has been the subject of several research analyst reports. Wall Street Zen lowered Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a research note on Friday, September 26th. Weiss Ratings reissued a "buy (b)" rating on shares of Sterling Infrastructure in a report on Wednesday, October 8th. Zacks Research upgraded Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 5th. Finally, DA Davidson increased 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 three have issued a Buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price 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.

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