Lingohr Asset Management GmbH Takes $213,000 Position in Sterling Infrastructure, Inc. $STRL

Key Points

• Lingohr Asset Management GmbH has made a new investment in Sterling Infrastructure, Inc. by acquiring 921 shares valued at approximately $213,000 in Q2.
• Several institutional investors have significantly increased their stakes in Sterling Infrastructure, with Millennium Management LLC boosting its holdings by 743.9% in Q1.
• Analysts have a consensus Buy rating for Sterling Infrastructure, with price targets raised by some firms, indicating strong confidence in the company’s future performance.

Lingohr Asset Management GmbH purchased a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 921 shares of the construction company's stock, valued at approximately $213,000.

Other large investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. boosted its holdings in Sterling Infrastructure by 689.7% during the first quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company's stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of 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 during the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Sterling Infrastructure during the 1st quarter worth about $28,000. Quarry LP boosted its stake in shares of Sterling Infrastructure by 107.7% during the 1st quarter. Quarry LP now owns 376 shares of the construction company's stock worth $43,000 after buying an additional 195 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its position in Sterling Infrastructure by 111.3% during the first quarter. SBI Securities Co. Ltd. now owns 488 shares of the construction company's stock valued at $55,000 after purchasing an additional 257 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Sterling Infrastructure Price Performance

Sterling Infrastructure stock traded up $7.30 during mid-day trading on Friday, reaching $355.88. 392,393 shares of the company were exchanged, compared to its average volume of 633,530. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.42 and a quick ratio of 1.42. Sterling Infrastructure, Inc. has a 12 month low of $96.34 and a 12 month high of $363.08. The firm has a market cap of $10.83 billion, a PE ratio of 38.70, a PEG ratio of 2.37 and a beta of 1.35. The company has a fifty day simple moving average of $280.40 and a 200-day simple moving average of $206.39.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 3,500 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $225.87, for a total value of $790,545.00. Following the transaction, the general counsel directly owned 29,315 shares of the company's stock, valued at $6,621,379.05. This trade represents a 10.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

STRL has been the subject of several recent analyst reports. Wall Street Zen raised Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. DA Davidson increased their price target on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, Zacks Research upgraded shares of Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $355.00.

Sterling Infrastructure Company 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.