MGO One Seven LLC Makes New Investment in Sterling Infrastructure, Inc. $STRL

Key Points

• MGO One Seven LLC has invested approximately $1,010,000 in Sterling Infrastructure, acquiring 4,378 shares in the second quarter.
• Institutional investors now own 80.95% of Sterling Infrastructure’s stock, with significant recent investments from firms like Millennium Management LLC and Vanguard Group Inc.
• Analysts have varying views on the stock, with Zacks Research changing its rating to "strong-buy" and DA Davidson raising the price target to $355.00.

MGO One Seven LLC bought 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 Securities and Exchange Commission. The fund bought 4,378 shares of the construction company's stock, valued at approximately $1,010,000.

Other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC boosted its position in shares of Sterling Infrastructure by 743.9% during the first quarter. Millennium Management LLC now owns 493,393 shares of the construction company's stock worth $55,857,000 after purchasing an additional 434,925 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Sterling Infrastructure during the first quarter worth $28,689,000. Amanah Holdings Trust bought a new position in shares of Sterling Infrastructure during the second quarter worth $44,527,000. Nuveen LLC bought a new position in shares of Sterling Infrastructure during the first quarter worth $19,741,000. Finally, Vanguard Group Inc. boosted its position in shares of Sterling Infrastructure by 6.3% during the first quarter. Vanguard Group Inc. now owns 2,682,995 shares of the construction company's stock worth $303,742,000 after purchasing an additional 159,191 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL opened at $361.02 on Friday. The firm has a market cap of $10.98 billion, a PE ratio of 39.24, a PEG ratio of 2.70 and a beta of 1.38. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.31. Sterling Infrastructure, Inc. has a 1-year low of $96.34 and a 1-year high of $376.75. The company has a fifty day moving average price of $316.96 and a 200 day moving average price of $238.26.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last announced its earnings results on Monday, June 3rd. The construction company reported $0.64 earnings per share 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 during the quarter. Research analysts predict that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Zacks Research raised shares of Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 5th. Wall Street Zen cut shares of Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a research report on Friday, September 26th. DA Davidson boosted their price objective on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Sterling Infrastructure in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average 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.

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