Hantz Financial Services Inc. Makes New $30,000 Investment in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Hantz Financial Services Inc. bought a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 254 shares of the construction company’s stock, valued at approximately $30,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STRL. International Assets Investment Management LLC raised its position in shares of Sterling Infrastructure by 8,693.0% in the 4th quarter. International Assets Investment Management LLC now owns 87,930 shares of the construction company’s stock worth $7,732,000 after acquiring an additional 86,930 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Sterling Infrastructure by 5.0% in the 4th quarter. Victory Capital Management Inc. now owns 38,672 shares of the construction company’s stock worth $3,400,000 after acquiring an additional 1,849 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Sterling Infrastructure by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 367,905 shares of the construction company’s stock worth $32,350,000 after acquiring an additional 2,878 shares in the last quarter. Principal Street Partners LLC raised its position in shares of Sterling Infrastructure by 21.0% in the 4th quarter. Principal Street Partners LLC now owns 4,210 shares of the construction company’s stock worth $370,000 after acquiring an additional 732 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Sterling Infrastructure by 105.1% in the 4th quarter. Teacher Retirement System of Texas now owns 131,069 shares of the construction company’s stock worth $11,525,000 after acquiring an additional 67,172 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Sterling Infrastructure from a “buy” rating to a “hold” rating in a research report on Friday, August 30th.

Sterling Infrastructure Stock Performance

Shares of Sterling Infrastructure stock opened at $107.06 on Wednesday. Sterling Infrastructure, Inc. has a one year low of $55.45 and a one year high of $137.63. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 1.41 and a beta of 1.19. The business has a 50-day simple moving average of $114.31 and a 200 day simple moving average of $112.23. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.24 and a quick ratio of 1.24.

Sterling Infrastructure (NASDAQ:STRL) last issued its earnings results on Monday, August 5th. The construction company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.24. Sterling Infrastructure had a return on equity of 25.64% and a net margin of 7.85%. The business had revenue of $582.82 million during the quarter, compared to analyst estimates of $553.70 million. During the same period in the previous year, the company posted $1.27 EPS. On average, research analysts anticipate that Sterling Infrastructure, Inc. will post 5.66 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.