Ethic Inc. Invests $250,000 in Sterling Infrastructure, Inc. $STRL

Ethic Inc. bought a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 1,081 shares of the construction company’s stock, valued at approximately $250,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameritas Advisory Services LLC purchased a new position in Sterling Infrastructure during the 2nd quarter valued at $29,000. Armstrong Advisory Group Inc. boosted its holdings in Sterling Infrastructure by 93.2% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 170 shares of the construction company’s stock valued at $39,000 after acquiring an additional 82 shares during the period. MCF Advisors LLC boosted its holdings in Sterling Infrastructure by 97.7% during the 2nd quarter. MCF Advisors LLC now owns 172 shares of the construction company’s stock valued at $40,000 after acquiring an additional 85 shares during the period. Richardson Financial Services Inc. boosted its holdings in Sterling Infrastructure by 32.9% during the 2nd quarter. Richardson Financial Services Inc. now owns 190 shares of the construction company’s stock valued at $42,000 after acquiring an additional 47 shares during the period. Finally, Quarry LP boosted its holdings in Sterling Infrastructure by 107.7% during the 1st quarter. Quarry LP now owns 376 shares of the construction company’s stock valued at $43,000 after acquiring an additional 195 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on STRL. Wall Street Zen cut Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Friday, September 26th. DA Davidson boosted their price objective 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. 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’s stock. According to data from MarketBeat, Sterling Infrastructure has an average rating of “Buy” and an average target price of $355.00.

Sterling Infrastructure Trading Down 6.0%

Shares of NASDAQ STRL opened at $379.03 on Friday. The firm has a market cap of $11.53 billion, a PE ratio of 41.20, a price-to-earnings-growth ratio of 2.98 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 $409.33. The business has a fifty day simple moving average of $333.57 and a two-hundred day simple moving average of $256.37.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Monday, June 3rd. The construction company reported $0.64 EPS for the quarter. The firm 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%. Analysts expect that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current fiscal year.

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.