Kovack Advisors Inc. Buys Shares of 2,823 Sterling Infrastructure, Inc. (NASDAQ:STRL)

Kovack Advisors Inc. purchased a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,823 shares of the construction company's stock, valued at approximately $409,000.

A number of other large investors have also recently made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new stake in Sterling Infrastructure during the 3rd quarter worth $26,000. Hantz Financial Services Inc. purchased a new stake in shares of Sterling Infrastructure in the second quarter valued at about $30,000. Nisa Investment Advisors LLC lifted its holdings in shares of Sterling Infrastructure by 391.1% in the second quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company's stock valued at $33,000 after purchasing an additional 219 shares in the last quarter. Crewe Advisors LLC raised its position in shares of Sterling Infrastructure by 85.4% in the second quarter. Crewe Advisors LLC now owns 293 shares of the construction company's stock valued at $35,000 after buying an additional 135 shares during the last quarter. Finally, Family Firm Inc. acquired a new position in Sterling Infrastructure during the second quarter worth approximately $38,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Stock Down 1.3 %

Shares of NASDAQ STRL traded down $2.36 during mid-day trading on Friday, reaching $180.03. The company had a trading volume of 368,755 shares, compared to its average volume of 351,187. The stock has a fifty day moving average of $150.14 and a two-hundred day moving average of $128.28. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.24 and a current ratio of 1.29. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 30.81, a PEG ratio of 2.09 and a beta of 1.15. Sterling Infrastructure, Inc. has a 12-month low of $62.13 and a 12-month high of $201.27.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.29. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. The company had revenue of $593.74 million for the quarter, compared to analyst estimates of $599.90 million. During the same quarter last year, the firm posted $1.26 earnings per share. As a group, equities research analysts expect that Sterling Infrastructure, Inc. will post 5.96 EPS for the current year.

Insider Activity

In other news, EVP Ronald A. Ballschmiede sold 18,700 shares of the business's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $143.59, for a total value of $2,685,133.00. Following the sale, the executive vice president now owns 248,471 shares in the company, valued at approximately $35,677,950.89. The trade was a 7.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Sunday, September 15th.

Sterling Infrastructure 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.