Forum Financial Management LP Buys Shares of 1,332 Sterling Infrastructure, Inc. $STRL

Forum Financial Management LP bought a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 2nd quarter, Holdings Channel reports. The firm bought 1,332 shares of the construction company’s stock, valued at approximately $307,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of STRL. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of 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 valued at $544,000 after buying an additional 1,337 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in Sterling Infrastructure by 11.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 31,429 shares of the construction company’s stock valued at $3,558,000 after buying an additional 3,284 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in Sterling Infrastructure during the first quarter valued at about $370,000. Asset Management One Co. Ltd. boosted its stake in Sterling Infrastructure by 40.3% during the first quarter. Asset Management One Co. Ltd. now owns 52,868 shares of the construction company’s stock valued at $5,985,000 after buying an additional 15,197 shares in the last quarter. Finally, Diversified Trust Co boosted its stake in Sterling Infrastructure by 13.3% during the first quarter. Diversified Trust Co now owns 5,785 shares of the construction company’s stock valued at $655,000 after buying an additional 677 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

Shares of NASDAQ STRL opened at $379.08 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $11.53 billion, a price-to-earnings ratio of 41.20, a PEG ratio of 2.80 and a beta of 1.38. The stock’s fifty day simple moving average is $325.04 and its 200 day simple moving average is $250.22. Sterling Infrastructure, Inc. has a 52-week low of $96.34 and a 52-week high of $384.00.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings results on Monday, June 3rd. The construction company reported $0.64 earnings per share for the quarter. Sterling Infrastructure had a return on equity of 27.93% and a net margin of 13.33%.The business had revenue of $403.58 million for the quarter. As a group, sell-side analysts forecast that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

STRL has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sterling Infrastructure in a research note on Saturday. DA Davidson raised their target price on Sterling Infrastructure from $265.00 to $355.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Zacks Research upgraded Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. Finally, Wall Street Zen cut Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $355.00.

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.