Naviter Wealth LLC Sells 86 Shares of Sterling Infrastructure, Inc. $STRL

Naviter Wealth LLC cut its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 4.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,834 shares of the construction company’s stock after selling 86 shares during the quarter. Naviter Wealth LLC’s holdings in Sterling Infrastructure were worth $423,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in STRL. Wealth Enhancement Advisory Services LLC boosted its holdings in Sterling Infrastructure by 38.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,804 shares of the construction company’s stock worth $544,000 after acquiring an additional 1,337 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in Sterling Infrastructure in the first quarter worth $28,000. Sowell Financial Services LLC bought a new stake in Sterling Infrastructure in the first quarter worth $215,000. Prosperity Wealth Management Inc. bought a new stake in Sterling Infrastructure in the first quarter worth $318,000. Finally, CWA Asset Management Group LLC boosted its holdings in Sterling Infrastructure by 110.6% in the first quarter. CWA Asset Management Group LLC now owns 17,722 shares of the construction company’s stock worth $2,006,000 after acquiring an additional 9,307 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Stock Up 1.7%

Sterling Infrastructure stock opened at $361.44 on Wednesday. The stock has a market cap of $11.00 billion, a PE ratio of 39.29, a price-to-earnings-growth ratio of 2.63 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, Inc. has a one year low of $96.34 and a one year high of $376.75. The stock has a fifty day moving average of $314.42 and a 200 day moving average of $235.65.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Monday, June 3rd. The construction company reported $0.64 EPS for the quarter. The company 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%. As a group, sell-side analysts predict that Sterling Infrastructure, Inc. will post 5.98 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on STRL shares. Weiss Ratings reissued a “buy (b)” rating on shares of Sterling Infrastructure in a report on Wednesday, October 8th. Zacks Research raised Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. DA Davidson boosted their target price on Sterling Infrastructure from $265.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Finally, Wall Street Zen cut Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 26th. One investment 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, Sterling Infrastructure currently has a consensus rating of “Buy” and a consensus target price of $355.00.

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.