Optivise Advisory Services LLC Makes New $254,000 Investment in Sterling Infrastructure, Inc. $STRL

Optivise Advisory Services LLC purchased a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,103 shares of the construction company’s stock, valued at approximately $254,000.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Sterling Infrastructure by 6.3% in 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. increased its stake in shares of Sterling Infrastructure by 7.5% in the first 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 in the last quarter. Congress Asset Management Co. increased its stake in shares of Sterling Infrastructure by 2.9% in the second quarter. Congress Asset Management Co. now owns 547,688 shares of the construction company’s stock worth $126,368,000 after purchasing an additional 15,490 shares in the last quarter. GW&K Investment Management LLC increased its stake in shares of Sterling Infrastructure by 37.7% in the first quarter. GW&K Investment Management LLC now owns 500,028 shares of the construction company’s stock worth $56,608,000 after purchasing an additional 136,777 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Sterling Infrastructure by 743.9% in the first quarter. Millennium Management LLC now owns 493,393 shares of the construction company’s stock worth $55,857,000 after purchasing an additional 434,925 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on STRL shares. Weiss Ratings reissued a “buy (b)” rating on shares of Sterling Infrastructure in a research note on Wednesday, October 8th. Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 5th. 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, 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. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $355.00.

Sterling Infrastructure Stock Performance

STRL opened at $392.77 on Tuesday. The stock has a market capitalization of $11.95 billion, a price-to-earnings ratio of 42.69, a PEG ratio of 2.98 and a beta of 1.38. The company has a fifty day moving average of $337.67 and a 200 day moving average of $261.48. Sterling Infrastructure, Inc. has a fifty-two week low of $96.34 and a fifty-two week high of $409.33. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.42 and a current ratio of 1.42.

Sterling Infrastructure (NASDAQ:STRL) last posted its earnings results on Monday, June 3rd. The construction company reported $0.64 earnings per share for the quarter. The company had revenue of $403.58 million during the quarter. Sterling Infrastructure had a net margin of 13.33% and a return on equity of 27.93%. As a group, sell-side analysts forecast that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current fiscal year.

About Sterling Infrastructure

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.