Delta Investment Management LLC Reduces Stake in Sterling Infrastructure, Inc. $STRL

Delta Investment Management LLC lowered its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 11.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,984 shares of the construction company’s stock after selling 515 shares during the period. Delta Investment Management LLC’s holdings in Sterling Infrastructure were worth $919,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Sterling Infrastructure by 6.3% in the first quarter. Vanguard Group Inc. now owns 2,682,995 shares of the construction company’s stock valued at $303,742,000 after buying an additional 159,191 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Sterling Infrastructure by 7.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,498,999 shares of the construction company’s stock worth $169,702,000 after purchasing an additional 105,222 shares in the last quarter. Congress Asset Management Co. boosted its position in Sterling Infrastructure by 2.9% in the 2nd quarter. Congress Asset Management Co. now owns 547,688 shares of the construction company’s stock worth $126,368,000 after purchasing an additional 15,490 shares in the last quarter. GW&K Investment Management LLC boosted its position in Sterling Infrastructure by 37.7% in the 1st quarter. GW&K Investment Management LLC now owns 500,028 shares of the construction company’s stock worth $56,608,000 after purchasing an additional 136,777 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Sterling Infrastructure by 743.9% in the 1st quarter. Millennium Management LLC now owns 493,393 shares of the construction company’s stock worth $55,857,000 after purchasing an additional 434,925 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on STRL shares. DA Davidson upped their price objective on Sterling Infrastructure from $265.00 to $355.00 and gave the stock 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 Saturday. Wall Street Zen lowered 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 analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $355.00.

Sterling Infrastructure Trading Up 7.1%

Shares of NASDAQ:STRL opened at $379.08 on Monday. Sterling Infrastructure, Inc. has a 1 year low of $96.34 and a 1 year high of $384.00. The firm has a market capitalization of $11.53 billion, a price-to-earnings ratio of 41.20, a price-to-earnings-growth ratio of 2.80 and a beta of 1.38. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.42 and a quick ratio of 1.42. The business’s 50 day moving average price is $325.04 and its 200-day moving average price is $250.22.

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

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.