Cookson Peirce & Co. Inc. Invests $19.76 Million in Sterling Infrastructure, Inc. $STRL

Cookson Peirce & Co. Inc. acquired a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 85,647 shares of the construction company’s stock, valued at approximately $19,761,000. Cookson Peirce & Co. Inc. owned 0.28% of Sterling Infrastructure as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. CWC Advisors LLC. increased its position 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 worth $429,000 after buying an additional 43 shares during the period. Richardson Financial Services Inc. grew its holdings in Sterling Infrastructure by 32.9% in the second 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 period. Private Trust Co. NA grew its holdings in Sterling Infrastructure by 9.4% in 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. Assetmark Inc. grew its holdings in Sterling Infrastructure by 5.4% in the first quarter. Assetmark Inc. now owns 1,372 shares of the construction company’s stock worth $155,000 after purchasing an additional 70 shares during the period. Finally, Signaturefd LLC grew its holdings in Sterling Infrastructure by 21.7% in the second quarter. Signaturefd LLC now owns 392 shares of the construction company’s stock worth $90,000 after purchasing an additional 70 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on STRL. DA Davidson raised their price target on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. Wall Street Zen cut shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Friday, September 26th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Sterling Infrastructure in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $355.00.

Sterling Infrastructure Stock Down 1.3%

Shares of NASDAQ STRL opened at $364.32 on Wednesday. The stock has a market capitalization of $11.08 billion, a P/E ratio of 39.60, a P/E/G ratio of 2.73 and a beta of 1.38. The company has a 50-day moving average price of $320.72 and a 200-day moving average price of $244.36. Sterling Infrastructure, Inc. has a 1 year low of $96.34 and a 1 year high of $376.75. 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 results on Monday, June 3rd. The construction company reported $0.64 earnings per share for the quarter. Sterling Infrastructure had a net margin of 13.33% and a return on equity of 27.93%. The business had revenue of $403.58 million for the quarter. On average, equities research analysts forecast that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

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.