Balboa Wealth Partners Has $3.40 Million Stock Position in Sterling Infrastructure, Inc. $STRL

Key Points

• Balboa Wealth Partners has reduced its stake in **Sterling Infrastructure, Inc.** by **7.1%**, holding **14,721 shares** valued at approximately **$3.4 million** as of the latest quarter.
• **DA Davidson** recently raised the price target for Sterling Infrastructure from **$265** to **$355**, reinforcing a **buy** rating for the stock.
• Institutional investors hold a significant **80.95%** of Sterling Infrastructure's stock, indicating strong institutional support for the company's market position.

Balboa Wealth Partners lowered its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 7.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,721 shares of the construction company's stock after selling 1,120 shares during the period. Sterling Infrastructure accounts for 0.7% of Balboa Wealth Partners' portfolio, making the stock its 27th largest holding. Balboa Wealth Partners' holdings in Sterling Infrastructure were worth $3,397,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of STRL. Wealth Enhancement Advisory Services LLC raised its stake in shares of Sterling Infrastructure by 38.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,804 shares of the construction company's stock valued at $544,000 after acquiring an additional 1,337 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of Sterling Infrastructure in the first quarter valued at approximately $215,000. Blue Trust Inc. raised its stake in shares of Sterling Infrastructure by 19.6% in the first quarter. Blue Trust Inc. now owns 2,043 shares of the construction company's stock valued at $231,000 after acquiring an additional 335 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Sterling Infrastructure by 11.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 31,429 shares of the construction company's stock valued at $3,558,000 after acquiring an additional 3,284 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Sterling Infrastructure in the first quarter valued at approximately $370,000. Institutional investors own 80.95% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on STRL. DA Davidson lifted their target price on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Weiss Ratings restated a "buy (b)" rating on shares of Sterling Infrastructure in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 5th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $355.00.

Sterling Infrastructure Price Performance

STRL opened at $355.58 on Monday. The company has a fifty day moving average price of $318.02 and a two-hundred day moving average price of $241.67. 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, Inc. has a 52 week low of $96.34 and a 52 week high of $376.75. The firm has a market capitalization of $10.82 billion, a PE ratio of 38.65, a P/E/G ratio of 2.63 and a beta of 1.38.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last announced 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 net margin of 13.33% and a return on equity of 27.93%. The company had revenue of $403.58 million during the quarter. As a group, analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current year.

Sterling Infrastructure Company 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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