Blair William & Co. IL Has $2.59 Million Holdings in Sterling Infrastructure, Inc. $STRL

Blair William & Co. IL reduced its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 2.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 11,203 shares of the construction company’s stock after selling 297 shares during the quarter. Blair William & Co. IL’s holdings in Sterling Infrastructure were worth $2,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in STRL. Vontobel Holding Ltd. acquired a new stake in shares of Sterling Infrastructure during the 2nd quarter worth about $305,000. Maryland State Retirement & Pension System bought a new position in shares of Sterling Infrastructure in the 2nd quarter valued at about $2,062,000. Louisiana State Employees Retirement System bought a new position in shares of Sterling Infrastructure in the 2nd quarter valued at about $3,276,000. KLP Kapitalforvaltning AS grew its holdings in Sterling Infrastructure by 3.7% during the second quarter. KLP Kapitalforvaltning AS now owns 8,400 shares of the construction company’s stock valued at $1,938,000 after purchasing an additional 300 shares during the period. Finally, OLD National Bancorp IN acquired a new position in Sterling Infrastructure during the second quarter valued at approximately $250,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. DA Davidson raised their target price on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Weiss Ratings restated a “buy (b)” rating on shares of Sterling Infrastructure in a report on Wednesday, October 8th. Wall Street Zen cut Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 26th. Finally, Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $355.00.

Sterling Infrastructure Stock Up 1.7%

STRL stock opened at $361.44 on Wednesday. The company has a market cap of $11.00 billion, a PE ratio of 39.29, a price-to-earnings-growth ratio of 2.63 and a beta of 1.38. The business has a 50-day simple moving average of $314.42 and a 200 day simple moving average of $235.65. Sterling Infrastructure, Inc. has a 52 week low of $96.34 and a 52 week high of $376.75. 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 (NASDAQ:STRL) last posted its quarterly earnings results on Monday, June 3rd. The construction company reported $0.64 EPS for the quarter. The business had revenue of $403.58 million during the quarter. Sterling Infrastructure had a return on equity of 27.93% and a net margin of 13.33%. Sell-side analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

About Sterling Infrastructure

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.