Park Avenue Securities LLC Makes New Investment in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Park Avenue Securities LLC acquired a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,501 shares of the construction company's stock, valued at approximately $253,000.

A number of other hedge funds have also made changes to their positions in the business. City Center Advisors LLC acquired a new stake in Sterling Infrastructure during the 4th quarter worth $356,000. Aprio Wealth Management LLC increased its position in shares of Sterling Infrastructure by 5.4% during the fourth quarter. Aprio Wealth Management LLC now owns 3,161 shares of the construction company's stock worth $532,000 after purchasing an additional 161 shares in the last quarter. West Oak Capital LLC lifted its holdings in shares of Sterling Infrastructure by 42.2% in the 4th quarter. West Oak Capital LLC now owns 1,600 shares of the construction company's stock valued at $270,000 after purchasing an additional 475 shares during the last quarter. Diversified Trust Co boosted its position in shares of Sterling Infrastructure by 16.6% in the 4th quarter. Diversified Trust Co now owns 5,108 shares of the construction company's stock valued at $860,000 after purchasing an additional 728 shares during the period. Finally, CWA Asset Management Group LLC grew its stake in Sterling Infrastructure by 17.7% during the 4th quarter. CWA Asset Management Group LLC now owns 8,415 shares of the construction company's stock worth $1,418,000 after buying an additional 1,267 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Stock Performance

NASDAQ STRL traded down $9.28 during trading on Friday, reaching $187.30. The company's stock had a trading volume of 448,113 shares, compared to its average volume of 261,184. The business's fifty day moving average price is $182.39 and its 200-day moving average price is $151.73. Sterling Infrastructure, Inc. has a twelve month low of $72.56 and a twelve month high of $206.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 31.64, a P/E/G ratio of 2.07 and a beta of 1.26.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.68 by $0.29. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. The firm had revenue of $593.74 million during the quarter, compared to the consensus estimate of $599.90 million. During the same period in the prior year, the business earned $1.26 EPS. As a group, analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Dana C. O'brien sold 2,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total transaction of $351,780.00. Following the completion of the transaction, the director now directly owns 25,901 shares of the company's stock, valued at $4,555,726.89. This represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 3.70% of the company's stock.

Analysts Set New Price Targets

Separately, William Blair began coverage on Sterling Infrastructure in a research note on Friday, January 17th. They issued an "outperform" rating for the company.

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.