1,160 Shares in Sterling Infrastructure, Inc. $STRL Purchased by Praxis Investment Management Inc.

Praxis Investment Management Inc. acquired a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 1,160 shares of the construction company’s stock, valued at approximately $268,000.

Several other institutional investors and hedge funds have also bought and sold shares of STRL. Sunbelt Securities Inc. lifted its position in Sterling Infrastructure by 689.7% during the first quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company’s stock worth $26,000 after purchasing an additional 200 shares during the period. Ameritas Advisory Services LLC bought a new stake in Sterling Infrastructure during the second quarter worth about $29,000. Armstrong Advisory Group Inc. lifted its position in Sterling Infrastructure by 93.2% during the second quarter. Armstrong Advisory Group Inc. now owns 170 shares of the construction company’s stock worth $39,000 after purchasing an additional 82 shares during the period. MCF Advisors LLC lifted its holdings in shares of Sterling Infrastructure by 97.7% in the second quarter. MCF Advisors LLC now owns 172 shares of the construction company’s stock worth $40,000 after acquiring an additional 85 shares during the last quarter. Finally, Richardson Financial Services Inc. lifted its holdings in shares of 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 acquiring an additional 47 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

Sterling Infrastructure stock opened at $355.58 on Friday. The business has a 50 day moving average of $318.02 and a 200-day moving average of $240.76. 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. The company has a market capitalization of $10.82 billion, a P/E ratio of 38.65, a P/E/G ratio of 2.63 and a beta of 1.38.

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

Analysts Set New Price Targets

STRL has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Sterling Infrastructure in a report on Wednesday, October 8th. Zacks Research raised 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, DA Davidson increased their target price 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. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $355.00.

Sterling Infrastructure Company 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.