2,027 Shares in Sterling Infrastructure, Inc. (NASDAQ:STRL) Bought by Bay Rivers Group

Bay Rivers Group bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,027 shares of the construction company's stock, valued at approximately $341,000.

Several other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in shares of Sterling Infrastructure by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 719,980 shares of the construction company's stock valued at $104,431,000 after buying an additional 3,918 shares in the last quarter. State Street Corp increased its stake in shares of Sterling Infrastructure by 0.7% during the third quarter. State Street Corp now owns 713,234 shares of the construction company's stock valued at $103,433,000 after purchasing an additional 5,106 shares in the last quarter. Congress Asset Management Co. lifted its holdings in shares of Sterling Infrastructure by 19.1% during the third quarter. Congress Asset Management Co. now owns 647,924 shares of the construction company's stock valued at $93,962,000 after purchasing an additional 104,096 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Sterling Infrastructure by 19.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 617,901 shares of the construction company's stock worth $89,608,000 after purchasing an additional 102,101 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its position in Sterling Infrastructure by 4.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 380,972 shares of the construction company's stock valued at $55,248,000 after buying an additional 17,863 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Separately, William Blair initiated coverage on Sterling Infrastructure in a report on Friday, January 17th. They issued an "outperform" rating on the stock.

Sterling Infrastructure Stock Down 2.3 %

Shares of NASDAQ:STRL traded down $3.32 during trading on Tuesday, reaching $139.68. 1,058,537 shares of the stock traded hands, compared to its average volume of 448,277. Sterling Infrastructure, Inc. has a 52-week low of $74.44 and a 52-week high of $206.07. The stock has a market cap of $4.29 billion, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 2.07 and a beta of 1.26. The stock has a 50-day moving average of $180.47 and a two-hundred day moving average of $152.03. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted its earnings results on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.29. The business had revenue of $593.74 million during the quarter, compared to analyst estimates of $599.90 million. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. During the same quarter last year, the company earned $1.26 EPS. As a group, sell-side analysts expect 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.