Atria Wealth Solutions Inc. Buys Shares of 2,744 Sterling Infrastructure, Inc. $STRL

Atria Wealth Solutions Inc. bought a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,744 shares of the construction company's stock, valued at approximately $633,000.

A number of other hedge funds have also made changes to their positions in STRL. Millennium Management LLC raised its holdings in shares of Sterling Infrastructure by 743.9% during 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. Pacer Advisors Inc. acquired a new position in shares of Sterling Infrastructure during the first quarter valued at approximately $28,689,000. Amanah Holdings Trust acquired a new position in shares of Sterling Infrastructure during the second quarter valued at approximately $44,527,000. Nuveen LLC acquired a new position in shares of Sterling Infrastructure during the first quarter valued at approximately $19,741,000. Finally, Vanguard Group Inc. raised its holdings in shares of Sterling Infrastructure by 6.3% during the first quarter. Vanguard Group Inc. now owns 2,682,995 shares of the construction company's stock valued at $303,742,000 after acquiring an additional 159,191 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Sterling Infrastructure Price Performance

NASDAQ:STRL opened at $355.58 on Friday. Sterling Infrastructure, Inc. has a one year low of $96.34 and a one year 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. The stock has a market cap of $10.82 billion, a PE ratio of 38.65, a P/E/G ratio of 2.63 and a beta of 1.38. The stock has a 50 day moving average price of $318.02 and a 200 day moving average price of $240.76.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted 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 return on equity of 27.93% and a net margin of 13.33%. Equities research analysts expect that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on STRL shares. Wall Street Zen cut Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a report on Friday, September 26th. DA Davidson increased their price target on Sterling Infrastructure from $265.00 to $355.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Zacks Research raised Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a report on Friday, September 5th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Sterling Infrastructure in a 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 company. According to data from MarketBeat.com, Sterling Infrastructure presently has an average rating of "Buy" and a consensus 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.

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