Cwm LLC Increases Stake in Sterling Infrastructure, Inc. $STRL

Key Points

• Cwm LLC increased its stake in Sterling Infrastructure, Inc. by 32.1% in Q2, now holding 5,485 shares valued at approximately $1.3 million.
• Several institutional investors, including Wealth Enhancement Advisory Services LLC, also raised their stakes, indicating strong institutional support for the company.
• Analysts have positively reacted to Sterling Infrastructure, with target prices rising, notably a new target of $355.00 from DA Davidson, and a strong buy rating from Zacks Research.

Cwm LLC raised its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 32.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,485 shares of the construction company's stock after acquiring an additional 1,332 shares during the period. Cwm LLC's holdings in Sterling Infrastructure were worth $1,266,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Sterling Infrastructure by 38.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,804 shares of the construction company's stock worth $544,000 after purchasing an additional 1,337 shares during the period. Sowell Financial Services LLC bought a new stake in shares of Sterling Infrastructure in the 1st quarter worth about $215,000. Blue Trust Inc. lifted its holdings in shares of Sterling Infrastructure by 19.6% in the 1st quarter. Blue Trust Inc. now owns 2,043 shares of the construction company's stock worth $231,000 after acquiring an additional 335 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Sterling Infrastructure by 11.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 31,429 shares of the construction company's stock worth $3,558,000 after purchasing an additional 3,284 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new position in Sterling Infrastructure during the 1st quarter valued at about $370,000. Institutional investors own 80.95% of the company's stock.

Wall Street Analyst Weigh In

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

Sterling Infrastructure Price Performance

NASDAQ STRL opened at $369.01 on Tuesday. The company has a market cap of $11.23 billion, a price-to-earnings ratio of 40.11, a PEG ratio of 2.63 and a beta of 1.38. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.42 and a quick ratio of 1.42. The stock's fifty day moving average price is $319.61 and its 200 day moving average price is $243.52. Sterling Infrastructure, Inc. has a 1 year low of $96.34 and a 1 year high of $376.75.

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. The company had revenue of $403.58 million during the quarter. Sterling Infrastructure had a net margin of 13.33% and a return on equity of 27.93%. As a group, equities research analysts forecast that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current year.

Sterling Infrastructure 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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