Oppenheimer Asset Management Inc. Sells 811 Shares of Sterling Infrastructure, Inc. $STRL

Oppenheimer Asset Management Inc. decreased its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 24.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,460 shares of the construction company’s stock after selling 811 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Sterling Infrastructure were worth $568,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CWC Advisors LLC. raised its position in Sterling Infrastructure by 2.4% in the second quarter. CWC Advisors LLC. now owns 1,858 shares of the construction company’s stock worth $429,000 after acquiring an additional 43 shares during the period. Richardson Financial Services Inc. increased its holdings in shares of Sterling Infrastructure by 32.9% in the second quarter. Richardson Financial Services Inc. now owns 190 shares of the construction company’s stock worth $42,000 after purchasing an additional 47 shares during the last quarter. Private Trust Co. NA increased its position in Sterling Infrastructure by 9.4% in the second quarter. Private Trust Co. NA now owns 591 shares of the construction company’s stock worth $136,000 after purchasing an additional 51 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Sterling Infrastructure by 5.4% in the 1st quarter. Assetmark Inc. now owns 1,372 shares of the construction company’s stock worth $155,000 after buying an additional 70 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Sterling Infrastructure by 21.7% during the 2nd quarter. Signaturefd LLC now owns 392 shares of the construction company’s stock valued at $90,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on STRL shares. DA Davidson upped their price objective on Sterling Infrastructure from $265.00 to $355.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Weiss Ratings restated a “buy (b)” rating on shares of Sterling Infrastructure in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 26th. Finally, Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 5th. 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.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $355.00.

Sterling Infrastructure Stock Down 0.3%

STRL opened at $377.90 on Friday. The company has a 50-day moving average price of $335.54 and a 200 day moving average price of $258.87. Sterling Infrastructure, Inc. has a twelve month low of $96.34 and a twelve month high of $409.33. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.31. The company has a market cap of $11.50 billion, a PE ratio of 41.08, a price-to-earnings-growth ratio of 2.98 and a beta of 1.38.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data 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%. Sell-side 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.