Savant Capital LLC Acquires 4,079 Shares of Sterling Infrastructure, Inc. $STRL

Savant Capital LLC increased its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 54.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,555 shares of the construction company’s stock after purchasing an additional 4,079 shares during the period. Savant Capital LLC’s holdings in Sterling Infrastructure were worth $2,666,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of STRL. Hantz Financial Services Inc. lifted its position in shares of Sterling Infrastructure by 16.1% in the second quarter. Hantz Financial Services Inc. now owns 295 shares of the construction company’s stock worth $68,000 after buying an additional 41 shares during the last quarter. CWC Advisors LLC. raised its stake in shares of 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 acquiring an additional 43 shares in the last quarter. Richardson Financial Services Inc. lifted its holdings in Sterling Infrastructure by 32.9% in the 2nd 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 boosted its position in Sterling Infrastructure by 9.4% during 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 period. Finally, Golden State Wealth Management LLC grew its holdings in Sterling Infrastructure by 54.8% during the second quarter. Golden State Wealth Management LLC now owns 144 shares of the construction company’s stock valued at $33,000 after purchasing an additional 51 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Price Performance

NASDAQ:STRL opened at $384.45 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.42 and a quick ratio of 1.42. Sterling Infrastructure, Inc. has a one year low of $96.34 and a one year high of $419.14. The company has a fifty day moving average price of $347.95 and a 200 day moving average price of $270.30. The stock has a market cap of $11.81 billion, a P/E ratio of 41.79, a PEG ratio of 2.98 and a beta of 1.39.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Monday, June 3rd. The construction company reported $0.64 earnings per share (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%. Analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on STRL shares. Zacks Research cut shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Sterling Infrastructure in a research report on Wednesday, October 8th. DA Davidson upped their price target on shares of Sterling Infrastructure from $355.00 to $460.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Finally, Wall Street Zen lowered Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 26th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $460.00.

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.