4,677 Sterling Infrastructure, Inc. $STRL Shares Purchased by GKV Capital Management Co. Inc.

GKV Capital Management Co. Inc. increased its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 465.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 5,682 shares of the construction company’s stock after acquiring an additional 4,677 shares during the period. GKV Capital Management Co. Inc.’s holdings in Sterling Infrastructure were worth $2,794,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Pier 88 Investment Partners LLC increased its stake in Sterling Infrastructure by 40.0% during the third quarter. Pier 88 Investment Partners LLC now owns 700 shares of the construction company’s stock worth $344,000 after acquiring an additional 200 shares during the last quarter. Maryland State Retirement & Pension System lifted its stake in shares of Sterling Infrastructure by 15.4% in the 3rd quarter. Maryland State Retirement & Pension System now owns 1,861 shares of the construction company’s stock valued at $915,000 after purchasing an additional 248 shares during the last quarter. Jacobi Capital Management LLC bought a new stake in shares of Sterling Infrastructure in the 3rd quarter valued at approximately $73,000. Northbridge Financial Group LLC lifted its stake in shares of Sterling Infrastructure by 24.0% in the 3rd quarter. Northbridge Financial Group LLC now owns 454 shares of the construction company’s stock valued at $223,000 after purchasing an additional 88 shares during the last quarter. Finally, Lido Advisors LLC boosted its holdings in shares of Sterling Infrastructure by 22.0% in the 3rd quarter. Lido Advisors LLC now owns 1,924 shares of the construction company’s stock worth $946,000 after purchasing an additional 347 shares during the period. 80.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on STRL shares. Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Weiss Ratings lowered Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 9th. Stifel Nicolaus lowered their price target on Sterling Infrastructure from $804.00 to $742.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. KeyCorp raised their price target on Sterling Infrastructure from $754.00 to $755.00 and gave the stock an “overweight” rating in a research report on Thursday, October 15th. Finally, Wall Street Zen raised shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 7th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $709.14.

Sterling Infrastructure Price Performance

Sterling Infrastructure stock opened at $301.60 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market cap of $9.20 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 0.56 and a beta of 1.97. The firm has a 50-day moving average of $438.64 and a two-hundred day moving average of $547.56. Sterling Infrastructure, Inc. has a 1 year low of $239.35 and a 1 year high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last issued its earnings results on Wednesday, October 28th. The construction company reported $7.58 EPS for the quarter, topping analysts’ consensus estimates of $6.20 by $1.38. Sterling Infrastructure had a net margin of 12.85% and a return on equity of 45.97%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.19 billion. Sterling Infrastructure’s revenue for the quarter was up 127.0% on a year-over-year basis. On average, research analysts forecast that Sterling Infrastructure, Inc. will post 20.96 earnings per share for the current year.

Sterling Infrastructure Profile

Sterling Infrastructure, Inc. (NASDAQ: STRL) is a U.S.-based construction company that delivers infrastructure and building services through its E-Infrastructure Solutions, Transportation Solutions and Building Solutions segments. E-Infrastructure Solutions provides site development and related services for data centers, manufacturing facilities, distribution centers and other large-scale projects. Transportation Solutions builds and improves public infrastructure, including roads and bridges, while Building Solutions focuses on concrete foundations and other construction services for residential and commercial customers.