Vanguard Personalized Indexing Management LLC Makes New Investment in Sterling Infrastructure, Inc. $STRL

Vanguard Personalized Indexing Management LLC bought a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,874 shares of the construction company’s stock, valued at approximately $433,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Sterling Infrastructure by 38.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,804 shares of the construction company’s stock valued at $544,000 after purchasing an additional 1,337 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Sterling Infrastructure by 11.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 31,429 shares of the construction company’s stock valued at $3,558,000 after purchasing an additional 3,284 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Sterling Infrastructure in the first quarter valued at about $370,000. Asset Management One Co. Ltd. lifted its holdings in shares of Sterling Infrastructure by 40.3% in the first quarter. Asset Management One Co. Ltd. now owns 52,868 shares of the construction company’s stock valued at $5,985,000 after purchasing an additional 15,197 shares in the last quarter. Finally, Moran Wealth Management LLC lifted its holdings in shares of Sterling Infrastructure by 58.6% in the first quarter. Moran Wealth Management LLC now owns 4,036 shares of the construction company’s stock valued at $457,000 after purchasing an additional 1,491 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. DA Davidson boosted their price target on Sterling Infrastructure from $265.00 to $355.00 and gave the company 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 lowered Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Friday, September 26th. 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 three have assigned a Buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $355.00.

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL opened at $332.75 on Thursday. The business’s 50 day moving average price is $321.53 and its two-hundred day moving average price is $244.97. The company has a market cap of $10.12 billion, a PE ratio of 36.17, a price-to-earnings-growth ratio of 2.70 and a beta of 1.38. 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, Inc. has a twelve month low of $96.34 and a twelve month high of $376.75.

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

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.