Hudson Edge Investment Partners Inc. trimmed its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 51.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,534 shares of the construction company's stock after selling 3,734 shares during the period. Hudson Edge Investment Partners Inc.'s holdings in Sterling Infrastructure were worth $815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of STRL. Millennium Management LLC raised its holdings in Sterling Infrastructure by 743.9% during the 1st quarter. Millennium Management LLC now owns 493,393 shares of the construction company's stock valued at $55,857,000 after buying an additional 434,925 shares during the period. Pacer Advisors Inc. purchased a new stake in Sterling Infrastructure during the 1st quarter valued at $28,689,000. Amanah Holdings Trust purchased a new stake in Sterling Infrastructure during the 2nd quarter valued at $44,527,000. Nuveen LLC purchased a new stake in Sterling Infrastructure during the 1st quarter valued at $19,741,000. Finally, Vanguard Group Inc. raised its holdings in Sterling Infrastructure by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 2,682,995 shares of the construction company's stock valued at $303,742,000 after buying an additional 159,191 shares during the period. Hedge funds and other 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. Wall Street Zen lowered Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a research note on Friday, September 26th. DA Davidson increased their price target on Sterling Infrastructure from $265.00 to $355.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Zacks Research raised Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $355.00.
Check Out Our Latest Report on STRL
Sterling Infrastructure Price Performance
Shares of Sterling Infrastructure stock opened at $351.66 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.31. Sterling Infrastructure, Inc. has a twelve month low of $96.34 and a twelve month high of $376.75. The business has a 50-day moving average price of $301.05 and a 200 day moving average price of $222.27. The firm has a market cap of $10.70 billion, a PE ratio of 38.22, a P/E/G ratio of 2.50 and a beta of 1.37.
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.
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