Catalyst Capital Advisors LLC Takes $2.09 Million Position in Sterling Infrastructure, Inc. $STRL

Catalyst Capital Advisors LLC bought a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,050 shares of the construction company's stock, valued at approximately $2,088,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Sterling Infrastructure by 6.3% in the first quarter. Vanguard Group Inc. now owns 2,682,995 shares of the construction company's stock worth $303,742,000 after purchasing an additional 159,191 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Sterling Infrastructure by 7.5% during 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 during the last quarter. Congress Asset Management Co. increased its position in shares of Sterling Infrastructure by 2.9% during the 2nd quarter. Congress Asset Management Co. now owns 547,688 shares of the construction company's stock valued at $126,368,000 after purchasing an additional 15,490 shares during the last quarter. GW&K Investment Management LLC grew its holdings in Sterling Infrastructure by 37.7% during the 1st quarter. GW&K Investment Management LLC now owns 500,028 shares of the construction company's stock valued at $56,608,000 after purchasing an additional 136,777 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Sterling Infrastructure by 743.9% in the first quarter. Millennium Management LLC now owns 493,393 shares of the construction company's stock worth $55,857,000 after purchasing an additional 434,925 shares during the last quarter. Institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Stock Up 6.3%

STRL stock opened at $353.80 on Friday. Sterling Infrastructure, Inc. has a 52 week low of $96.34 and a 52 week high of $376.75. The firm has a 50 day moving average of $322.96 and a 200 day moving average of $246.65. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $10.76 billion, a PE ratio of 38.46, a price-to-earnings-growth ratio of 2.46 and a beta of 1.38.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last issued its quarterly earnings results on Monday, June 3rd. The construction company reported $0.64 EPS for the quarter. Sterling Infrastructure had a return on equity of 27.93% and a net margin of 13.33%.The company had revenue of $403.58 million during the quarter. Sell-side analysts forecast that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current year.

Wall Street Analyst Weigh In

STRL has been the topic of a number of research analyst reports. DA Davidson upped their target price on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen downgraded Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a research report on Friday, September 26th. Zacks Research raised Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 5th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Sterling Infrastructure in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average 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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