Connor Clark & Lunn Investment Management Ltd. Has $17.41 Million Stock Holdings in Sterling Infrastructure, Inc. $STRL

Connor Clark & Lunn Investment Management Ltd. decreased its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 17.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 75,445 shares of the construction company’s stock after selling 16,437 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Sterling Infrastructure were worth $17,407,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of STRL. Hantz Financial Services Inc. lifted its stake in Sterling Infrastructure by 16.1% during the second quarter. Hantz Financial Services Inc. now owns 295 shares of the construction company’s stock valued at $68,000 after buying an additional 41 shares in the last quarter. CWC Advisors LLC. raised its holdings in shares of Sterling Infrastructure by 2.4% during the second 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 during the period. Richardson Financial Services Inc. lifted its position in shares of 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 acquiring an additional 47 shares in the last quarter. Private Trust Co. NA lifted its position in shares of 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 acquiring an additional 51 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its stake in Sterling Infrastructure by 54.8% in the 2nd quarter. Golden State Wealth Management LLC now owns 144 shares of the construction company’s stock worth $33,000 after purchasing an additional 51 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Up 1.7%

Shares of Sterling Infrastructure stock opened at $384.45 on Tuesday. The firm has a market cap of $11.81 billion, a price-to-earnings ratio of 41.79, a P/E/G ratio of 2.98 and a beta of 1.39. The stock has a 50-day simple moving average of $347.95 and a 200-day simple moving average of $270.30. Sterling Infrastructure, Inc. has a 52-week low of $96.34 and a 52-week high of $419.14. 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 (NASDAQ:STRL) last released 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 for the quarter. Sterling Infrastructure had a return on equity of 27.93% and a net margin of 13.33%. On average, equities research analysts expect that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Sterling Infrastructure

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.