VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Shares in Sterling Infrastructure, Inc. $STRL

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,893 shares of the construction company’s stock, valued at approximately $1,360,000.

A number of other large investors also recently modified their holdings of STRL. Wealth Enhancement Advisory Services LLC lifted its position in Sterling Infrastructure by 38.6% in the 1st 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 during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Sterling Infrastructure by 11.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 31,429 shares of the construction company’s stock worth $3,558,000 after purchasing an additional 3,284 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Sterling Infrastructure in the 1st quarter worth approximately $370,000. Asset Management One Co. Ltd. grew its stake in shares of Sterling Infrastructure by 40.3% in the 1st quarter. Asset Management One Co. Ltd. now owns 52,868 shares of the construction company’s stock worth $5,985,000 after purchasing an additional 15,197 shares during the last quarter. Finally, Moran Wealth Management LLC grew its stake in shares of Sterling Infrastructure by 58.6% in the 1st quarter. Moran Wealth Management LLC now owns 4,036 shares of the construction company’s stock worth $457,000 after purchasing an additional 1,491 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sterling Infrastructure in a research note on Wednesday, October 8th. Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. DA Davidson lifted their target price on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $355.00.

Sterling Infrastructure Stock Performance

Shares of STRL opened at $332.75 on Thursday. The company’s 50 day moving average price is $321.53 and its 200 day moving average price is $244.97. Sterling Infrastructure, Inc. has a 52 week low of $96.34 and a 52 week high of $376.75. The company has a market capitalization of $10.12 billion, a PE ratio of 36.17, a PEG ratio of 2.70 and a beta of 1.38. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.42 and a current ratio of 1.42.

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