Chicago Capital LLC bought a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,558 shares of the construction company's stock, valued at approximately $359,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Armstrong Advisory Group Inc. boosted its stake in Sterling Infrastructure by 93.2% in the second quarter. Armstrong Advisory Group Inc. now owns 170 shares of the construction company's stock worth $39,000 after purchasing an additional 82 shares in the last quarter. MCF Advisors LLC lifted its position in Sterling Infrastructure by 97.7% during the 2nd quarter. MCF Advisors LLC now owns 172 shares of the construction company's stock worth $40,000 after buying an additional 85 shares in the last quarter. Sunbelt Securities Inc. lifted its position in Sterling Infrastructure by 689.7% during the 1st quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company's stock worth $26,000 after buying an additional 200 shares in the last quarter. Versant Capital Management Inc lifted its position in Sterling Infrastructure by 355.8% during the 1st quarter. Versant Capital Management Inc now owns 237 shares of the construction company's stock worth $27,000 after buying an additional 185 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in Sterling Infrastructure during the 1st quarter worth about $28,000. 80.95% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on STRL shares. Wall Street Zen lowered shares of 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 report on Friday, September 5th. Finally, DA Davidson upped their price objective on Sterling Infrastructure from $265.00 to $355.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat.com, Sterling Infrastructure presently has a consensus rating of "Buy" and a consensus target price of $355.00.
Check Out Our Latest Analysis on Sterling Infrastructure
Sterling Infrastructure Trading Down 0.4%
Shares of NASDAQ STRL opened at $339.68 on Wednesday. The company's 50 day simple moving average is $297.37 and its 200 day simple moving average is $219.86. Sterling Infrastructure, Inc. has a fifty-two week low of $96.34 and a fifty-two week high of $376.75. The firm has a market capitalization of $10.33 billion, a P/E ratio of 36.92, a P/E/G ratio of 2.52 and a beta of 1.35. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.42 and a quick ratio of 1.42.
About Sterling Infrastructure
(
Free Report)
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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