Harbour Investments Inc. Boosts Stake in Sterling Infrastructure, Inc. $STRL

Harbour Investments Inc. grew its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 21.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,777 shares of the construction company’s stock after buying an additional 1,708 shares during the period. Harbour Investments Inc.’s holdings in Sterling Infrastructure were worth $2,256,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in STRL. Wealth Enhancement Advisory Services LLC increased its stake 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 worth $544,000 after acquiring an additional 1,337 shares during the period. Sowell Financial Services LLC acquired a new stake in shares of Sterling Infrastructure in the first quarter worth $215,000. CWA Asset Management Group LLC increased its stake in shares of 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 during the period. Blue Trust Inc. increased its stake in shares of Sterling Infrastructure by 19.6% in the first quarter. Blue Trust Inc. now owns 2,043 shares of the construction company’s stock worth $231,000 after acquiring an additional 335 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Sterling Infrastructure by 11.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 31,429 shares of the construction company’s stock worth $3,558,000 after acquiring an additional 3,284 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Stock Down 1.2%

STRL stock opened at $361.02 on Friday. The firm has a market cap of $10.98 billion, a PE ratio of 39.24, a P/E/G ratio of 2.70 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. The firm’s fifty day moving average is $316.96 and its 200 day moving average is $238.26. Sterling Infrastructure, Inc. has a one year low of $96.34 and a one year high of $376.75.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on STRL. Weiss Ratings reiterated a “buy (b)” rating on shares of Sterling Infrastructure in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 26th. DA Davidson increased their price objective on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Finally, Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target 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.