Farther Finance Advisors LLC Has $403,000 Stock Holdings in Sterling Infrastructure, Inc. $STRL

Farther Finance Advisors LLC raised its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 67.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,746 shares of the construction company’s stock after buying an additional 705 shares during the period. Farther Finance Advisors LLC’s holdings in Sterling Infrastructure were worth $403,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Public Employees Retirement System of Ohio raised its holdings 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 worth $153,000 after acquiring an additional 674 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Sterling Infrastructure in the fourth quarter worth approximately $6,914,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Sterling Infrastructure by 15.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,467 shares of the construction company’s stock worth $584,000 after purchasing an additional 457 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Sterling Infrastructure by 355.8% in the first quarter. Versant Capital Management Inc now owns 237 shares of the construction company’s stock valued at $27,000 after purchasing an additional 185 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Sterling Infrastructure by 10,336.9% during the first quarter. GAMMA Investing LLC now owns 34,755 shares of the construction company’s stock valued at $3,935,000 after buying an additional 34,422 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on STRL. DA Davidson increased their price target on Sterling Infrastructure from $265.00 to $355.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Wall Street Zen lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $355.00.

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL opened at $342.11 on Monday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $293.55 and a two-hundred day simple moving average of $217.49. Sterling Infrastructure, Inc. has a 1-year low of $96.34 and a 1-year high of $376.75. The firm has a market cap of $10.41 billion, a price-to-earnings ratio of 37.19, a price-to-earnings-growth ratio of 2.53 and a beta of 1.35.

Sterling Infrastructure 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.