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GW Henssler & Associates Ltd. Takes $214,000 Position in Sterling Infrastructure, Inc. $STRL

Sterling Infrastructure logo with Construction background

Key Points

  • GW Henssler & Associates Ltd. has entered a new position in Sterling Infrastructure, purchasing 926 shares valued at approximately $214,000.
  • Several institutional investors, including Wealth Enhancement Advisory Services LLC and CWA Asset Management Group LLC, have recently increased their stakes in Sterling Infrastructure, contributing to 80.95% institutional ownership.
  • Sterling Infrastructure reported a net margin of 13.33% and is projected to have an earnings per share (EPS) of 5.98 for the current fiscal year, with analysts issuing a consensus price target of $355.00.
  • Five stocks we like better than Sterling Infrastructure.

GW Henssler & Associates Ltd. purchased a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 926 shares of the construction company's stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STRL. Wealth Enhancement Advisory Services LLC grew its position in 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 worth $544,000 after acquiring an additional 1,337 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Sterling Infrastructure during the first quarter valued at approximately $28,000. Sowell Financial Services LLC bought a new stake in shares of Sterling Infrastructure during the first quarter valued at approximately $215,000. Prosperity Wealth Management Inc. bought a new stake in shares of Sterling Infrastructure during the first quarter valued at approximately $318,000. Finally, CWA Asset Management Group LLC grew its position in Sterling Infrastructure by 110.6% in the 1st quarter. CWA Asset Management Group LLC now owns 17,722 shares of the construction company's stock worth $2,006,000 after purchasing an additional 9,307 shares during the period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Sterling Infrastructure Price Performance

NASDAQ STRL opened at $336.63 on Monday. 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 firm's 50 day moving average price is $311.45 and its 200-day moving average price is $233.10. Sterling Infrastructure, Inc. has a 52-week low of $96.34 and a 52-week high of $376.75. The company has a market cap of $10.24 billion, a PE ratio of 36.59, a P/E/G ratio of 2.49 and a beta of 1.38.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $403.58 million for the quarter. Sell-side analysts forecast that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Check Out Our Latest Research Report on STRL

Sterling Infrastructure Profile

(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.

See Also

Want to see what other hedge funds are holding STRL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report).

Institutional Ownership by Quarter for Sterling Infrastructure (NASDAQ:STRL)

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