Parkside Financial Bank & Trust Boosts Stock Position in Sterling Infrastructure, Inc. $STRL

Parkside Financial Bank & Trust lifted its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 24.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 823 shares of the construction company’s stock after buying an additional 161 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Sterling Infrastructure were worth $190,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Sterling Infrastructure by 6.3% during the first quarter. Vanguard Group Inc. now owns 2,682,995 shares of the construction company’s stock worth $303,742,000 after acquiring an additional 159,191 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in shares of Sterling Infrastructure by 7.5% during 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 during the last quarter. Congress Asset Management Co. lifted its stake 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 valued at $126,368,000 after buying an additional 15,490 shares in the last quarter. GW&K Investment Management LLC boosted its holdings 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 buying an additional 136,777 shares during the last quarter. Finally, Millennium Management LLC increased its stake in Sterling Infrastructure by 743.9% during the 1st quarter. Millennium Management LLC now owns 493,393 shares of the construction company’s stock worth $55,857,000 after buying an additional 434,925 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Stock Up 1.7%

Shares of NASDAQ:STRL opened at $384.45 on Tuesday. Sterling Infrastructure, Inc. has a 52-week low of $96.34 and a 52-week high of $419.14. The stock has a market cap of $11.81 billion, a P/E ratio of 41.79, a PEG ratio of 2.98 and a beta of 1.39. The business has a fifty day moving average of $347.95 and a two-hundred day moving average of $270.30. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.31.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings results on Monday, June 3rd. The construction company reported $0.64 EPS 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. On average, research analysts expect that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.