Concurrent Investment Advisors LLC Purchases Shares of 5,205 Sterling Infrastructure, Inc. (NASDAQ:STRL)

Concurrent Investment Advisors LLC purchased a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 5,205 shares of the construction company's stock, valued at approximately $755,000.

Other large investors have also made changes to their positions in the company. Xponance Inc. grew its position in Sterling Infrastructure by 5.1% in the second quarter. Xponance Inc. now owns 1,914 shares of the construction company's stock worth $227,000 after acquiring an additional 93 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Sterling Infrastructure by 45.2% in the 3rd quarter. GAMMA Investing LLC now owns 302 shares of the construction company's stock valued at $44,000 after purchasing an additional 94 shares during the last quarter. EFG Asset Management North America Corp. boosted its holdings in Sterling Infrastructure by 0.5% in the second quarter. EFG Asset Management North America Corp. now owns 25,246 shares of the construction company's stock worth $2,985,000 after purchasing an additional 120 shares in the last quarter. SummerHaven Investment Management LLC increased its position in Sterling Infrastructure by 1.0% during the second quarter. SummerHaven Investment Management LLC now owns 13,006 shares of the construction company's stock worth $1,539,000 after buying an additional 124 shares during the last quarter. Finally, Crewe Advisors LLC raised its holdings in Sterling Infrastructure by 85.4% during 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 in the last quarter. Institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Stock Performance

Shares of NASDAQ:STRL traded up $19.30 during trading on Friday, reaching $193.61. The stock had a trading volume of 482,787 shares, compared to its average volume of 351,137. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.44. The stock has a fifty day simple moving average of $145.40 and a two-hundred day simple moving average of $126.62. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 32.70, a P/E/G ratio of 2.07 and a beta of 1.15. Sterling Infrastructure, Inc. has a 52 week low of $62.13 and a 52 week high of $194.07.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last released its earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.29. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 28.35%. The firm had revenue of $593.74 million during the quarter, compared to analyst estimates of $599.90 million. During the same quarter in the previous year, the business earned $1.26 EPS. As a group, analysts anticipate that Sterling Infrastructure, Inc. will post 5.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of Sterling Infrastructure stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $143.59, for a total value of $2,685,133.00. Following the transaction, the executive vice president now directly owns 248,471 shares of the company's stock, valued at $35,677,950.89. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.70% of the stock is owned by corporate insiders.

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.