Park Avenue Securities LLC Invests $1.35 Million in Sterling Infrastructure, Inc. $STRL

Key Points

• Park Avenue Securities LLC has invested approximately $1.35 million in Sterling Infrastructure, acquiring 5,838 shares of the construction company during the 2nd quarter.
• Institutional investors own about 80.95% of Sterling Infrastructure, with recent acquisitions including significant increases from UBS AM and the Public Employees Retirement System of Ohio.
• Analysts have upgraded Sterling Infrastructure to a "strong-buy" rating, with an average price target of $355.00, reflecting confidence in the company's performance.

Park Avenue Securities LLC acquired a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,838 shares of the construction company's stock, valued at approximately $1,347,000.

Several other hedge funds and other institutional investors have also modified their holdings of STRL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Sterling Infrastructure by 10.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 74,358 shares of the construction company's stock valued at $12,526,000 after purchasing an additional 7,062 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Sterling Infrastructure by 289.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 907 shares of the construction company's stock valued at $153,000 after purchasing an additional 674 shares in the last quarter. Forum Financial Management LP acquired a new position in shares of Sterling Infrastructure in the 4th quarter valued at about $224,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Sterling Infrastructure in the 4th quarter valued at about $6,914,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Sterling Infrastructure by 15.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,467 shares of the construction company's stock valued at $584,000 after purchasing an additional 457 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Performance

Shares of NASDAQ:STRL opened at $338.44 on Friday. The company has a market cap of $10.30 billion, a P/E ratio of 36.79, a PEG ratio of 2.55 and a beta of 1.35. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.42 and a current ratio of 1.42. Sterling Infrastructure, Inc. has a one year low of $96.34 and a one year high of $376.75. The business's 50-day simple moving average is $291.73 and its 200 day simple moving average is $214.54.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wall Street Zen raised Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 13th. DA Davidson raised their target price on Sterling Infrastructure from $265.00 to $355.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Zacks Research upgraded Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a 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's stock. According to data from MarketBeat.com, Sterling Infrastructure currently has a consensus rating of "Buy" and an average price target 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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