Koshinski Asset Management Inc. Acquires New Stake in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Koshinski Asset Management Inc. purchased a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,178 shares of the construction company's stock, valued at approximately $1,041,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in STRL. Principal Financial Group Inc. boosted its holdings in shares of Sterling Infrastructure by 1,088.1% in the third quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company's stock valued at $51,561,000 after buying an additional 325,620 shares during the period. International Assets Investment Management LLC increased its position in shares of Sterling Infrastructure by 14,112.0% during the 3rd quarter. International Assets Investment Management LLC now owns 142,120 shares of the construction company's stock worth $20,610,000 after purchasing an additional 141,120 shares during the last quarter. Congress Asset Management Co. increased its holdings in Sterling Infrastructure by 19.1% during the third quarter. Congress Asset Management Co. now owns 647,924 shares of the construction company's stock worth $93,962,000 after buying an additional 104,096 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings 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 valued at $89,608,000 after purchasing an additional 102,101 shares during the period. Finally, Sei Investments Co. raised its stake in Sterling Infrastructure by 190.0% in the second quarter. Sei Investments Co. now owns 89,573 shares of the construction company's stock valued at $10,600,000 after buying an additional 58,682 shares during the period. Institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Price Performance

Shares of Sterling Infrastructure stock opened at $196.55 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 33.20, a price-to-earnings-growth ratio of 1.88 and a beta of 1.26. The company has a 50-day simple moving average of $181.58 and a two-hundred day simple moving average of $149.41. Sterling Infrastructure, Inc. has a twelve month low of $69.61 and a twelve month high of $203.49.

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

Insider Transactions at Sterling Infrastructure

In related news, Director Dana C. O'brien sold 2,000 shares of the business's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total transaction of $351,780.00. Following the sale, the director now owns 25,901 shares in the company, valued at $4,555,726.89. The trade was a 7.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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.