ProShare Advisors LLC Purchases 214 Shares of Sterling Infrastructure, Inc. $STRL

ProShare Advisors LLC grew its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,674 shares of the construction company’s stock after purchasing an additional 214 shares during the period. ProShare Advisors LLC’s holdings in Sterling Infrastructure were worth $1,540,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in STRL. Profund Advisors LLC bought a new stake in Sterling Infrastructure in the 2nd quarter worth about $347,000. Lisanti Capital Growth LLC purchased a new position in shares of Sterling Infrastructure in the 2nd quarter worth approximately $6,410,000. Future Fund LLC purchased a new position in shares of Sterling Infrastructure in the 2nd quarter worth approximately $913,000. Parkside Financial Bank & Trust grew its holdings in shares of Sterling Infrastructure by 24.3% in the second quarter. Parkside Financial Bank & Trust now owns 823 shares of the construction company’s stock valued at $190,000 after acquiring an additional 161 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its position in shares of Sterling Infrastructure by 20.8% during the second quarter. Los Angeles Capital Management LLC now owns 30,761 shares of the construction company’s stock valued at $7,097,000 after acquiring an additional 5,295 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. DA Davidson raised their price objective on shares of Sterling Infrastructure from $355.00 to $460.00 and gave the stock a “buy” rating in a report 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. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Sterling Infrastructure in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $460.00.

Sterling Infrastructure Price Performance

STRL opened at $338.66 on Friday. The firm has a 50-day moving average price of $353.99 and a 200-day moving average price of $275.24. Sterling Infrastructure, Inc. has a twelve month low of $96.34 and a twelve month high of $419.14. 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 company has a market capitalization of $10.40 billion, a price-to-earnings ratio of 36.81, a PEG ratio of 2.98 and a beta of 1.39.

Sterling Infrastructure (NASDAQ:STRL) last issued its 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 during the quarter. Equities analysts expect that Sterling Infrastructure, Inc. will post 5.98 EPS for the current year.

Sterling Infrastructure announced that its board has authorized a stock repurchase plan on Wednesday, November 12th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 3.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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.