Vontobel Holding Ltd. Acquires Shares of 1,324 Sterling Infrastructure, Inc. $STRL

Vontobel Holding Ltd. purchased a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,324 shares of the construction company’s stock, valued at approximately $305,000.

Several other large investors have also recently bought and sold shares of STRL. CWC Advisors LLC. grew its holdings in Sterling Infrastructure by 2.4% during the 2nd quarter. CWC Advisors LLC. now owns 1,858 shares of the construction company’s stock valued at $429,000 after buying an additional 43 shares during the last quarter. Assetmark Inc. lifted its position in shares of Sterling Infrastructure by 5.4% in the first quarter. Assetmark Inc. now owns 1,372 shares of the construction company’s stock valued at $155,000 after acquiring an additional 70 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Sterling Infrastructure by 21.7% during the second quarter. Signaturefd LLC now owns 392 shares of the construction company’s stock worth $90,000 after buying an additional 70 shares in the last quarter. Armstrong Advisory Group Inc. lifted its stake in shares of Sterling Infrastructure by 93.2% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 170 shares of the construction company’s stock worth $39,000 after purchasing an additional 82 shares during the period. Finally, MCF Advisors LLC grew its holdings in Sterling Infrastructure by 97.7% in the 2nd quarter. MCF Advisors LLC now owns 172 shares of the construction company’s stock valued at $40,000 after buying an additional 85 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analysts Set New Price Targets

STRL has been the subject of a number of research analyst reports. Wall Street Zen lowered Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sterling Infrastructure in a research report on Wednesday, October 8th. Zacks Research upgraded Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 5th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $355.00.

Sterling Infrastructure Trading Up 1.1%

NASDAQ STRL opened at $365.39 on Thursday. Sterling Infrastructure, Inc. has a one year low of $96.34 and a one year high of $376.75. The company has a 50-day simple moving average of $315.74 and a 200-day simple moving average of $236.55. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market capitalization of $11.12 billion, a PE ratio of 39.72, a price-to-earnings-growth ratio of 2.67 and a beta of 1.38.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data on Monday, June 3rd. The construction company reported $0.64 EPS for the quarter. Sterling Infrastructure had a return on equity of 27.93% and a net margin of 13.33%.The firm had revenue of $403.58 million during the quarter. On average, equities analysts forecast that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current 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.