Blue Barn Wealth LLC Acquires Shares of 931 Sterling Infrastructure, Inc. $STRL

Blue Barn Wealth LLC acquired a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 931 shares of the construction company’s stock, valued at approximately $215,000.

Several other institutional investors have also recently bought and sold shares of the business. Hantz Financial Services Inc. raised its position in Sterling Infrastructure by 16.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 295 shares of the construction company’s stock valued at $68,000 after purchasing an additional 41 shares during the last quarter. CWC Advisors LLC. raised its position in Sterling Infrastructure by 2.4% in the 2nd quarter. CWC Advisors LLC. now owns 1,858 shares of the construction company’s stock valued at $429,000 after purchasing an additional 43 shares during the last quarter. Richardson Financial Services Inc. raised its position in Sterling Infrastructure by 32.9% in the 2nd quarter. Richardson Financial Services Inc. now owns 190 shares of the construction company’s stock valued at $42,000 after purchasing an additional 47 shares during the last quarter. Private Trust Co. NA raised its position in Sterling Infrastructure by 9.4% in the 2nd quarter. Private Trust Co. NA now owns 591 shares of the construction company’s stock valued at $136,000 after purchasing an additional 51 shares during the last quarter. Finally, Convergence Investment Partners LLC raised its position in Sterling Infrastructure by 1.1% in the 2nd quarter. Convergence Investment Partners LLC now owns 5,774 shares of the construction company’s stock valued at $1,332,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on STRL shares. DA Davidson lifted 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 report on Wednesday, October 8th. Wall Street Zen downgraded Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 26th. Finally, Zacks Research upgraded Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. One equities 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.com, the stock presently has a consensus rating of “Buy” and an average price target of $355.00.

Sterling Infrastructure Trading Down 2.6%

NASDAQ STRL opened at $382.57 on Wednesday. The stock has a 50-day simple moving average of $339.46 and a 200 day simple moving average of $263.19. The company has a market capitalization of $11.64 billion, a PE ratio of 41.58, a P/E/G ratio of 2.98 and a beta of 1.39. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.31. Sterling Infrastructure, Inc. has a 12 month low of $96.34 and a 12 month high of $419.14.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Monday, June 3rd. The construction company reported $0.64 EPS for the quarter. The business 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%. Research analysts forecast that Sterling Infrastructure, Inc. will post 5.98 EPS for the current 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.