Prelude Capital Management LLC Raises Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Prelude Capital Management LLC boosted its stake in Sterling Infrastructure, Inc. (NASDAQ:STRLGet Rating) by 0.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 173,359 shares of the construction company’s stock after buying an additional 1,042 shares during the period. Prelude Capital Management LLC’s holdings in Sterling Infrastructure were worth $4,646,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of STRL. Invesco Ltd. lifted its holdings in Sterling Infrastructure by 43.5% in the first quarter. Invesco Ltd. now owns 600,014 shares of the construction company’s stock worth $16,080,000 after buying an additional 181,777 shares during the period. ClariVest Asset Management LLC purchased a new position in shares of Sterling Infrastructure during the fourth quarter valued at approximately $4,547,000. D.A. Davidson & CO. lifted its holdings in shares of Sterling Infrastructure by 832.3% during the first quarter. D.A. Davidson & CO. now owns 110,943 shares of the construction company’s stock valued at $2,973,000 after purchasing an additional 99,043 shares during the last quarter. Essex Investment Management Co. LLC lifted its holdings in shares of Sterling Infrastructure by 29.0% during the fourth quarter. Essex Investment Management Co. LLC now owns 397,101 shares of the construction company’s stock valued at $10,444,000 after purchasing an additional 89,256 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Sterling Infrastructure by 49.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 196,917 shares of the construction company’s stock valued at $5,278,000 after purchasing an additional 65,032 shares during the last quarter. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, DA Davidson lowered their target price on shares of Sterling Infrastructure to $34.00 in a report on Tuesday, August 9th.

Sterling Infrastructure Price Performance

STRL stock opened at $25.27 on Friday. The firm has a 50 day moving average price of $24.37 and a 200-day moving average price of $24.97. Sterling Infrastructure, Inc. has a 52-week low of $20.74 and a 52-week high of $32.14. The firm has a market capitalization of $765.68 million, a price-to-earnings ratio of 9.76 and a beta of 1.26. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.32 and a current ratio of 1.32.

Sterling Infrastructure (NASDAQ:STRLGet Rating) last released its earnings results on Monday, August 1st. The construction company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.14. Sterling Infrastructure had a net margin of 4.33% and a return on equity of 21.04%. Equities research analysts forecast that Sterling Infrastructure, Inc. will post 3.03 EPS for the current fiscal year.

Sterling Infrastructure Company Profile

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Sterling Infrastructure, Inc engages in the transportation, e-infrastructure, and building solutions primarily in the Southern United States, the Northeastern and Mid-Atlantic United States, the Rocky Mountain states, California, and Hawaii. It undertakes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater, and storm drainage systems for the departments of transportation in various states, regional transit authorities, airport authorities, port authorities, water authorities and railroads.

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Institutional Ownership by Quarter for Sterling Infrastructure (NASDAQ:STRL)

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