Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 9.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,711 shares of the construction company's stock after purchasing an additional 10,097 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.40% of Sterling Infrastructure worth $17,796,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in STRL. Chartwell Investment Partners LLC lifted its stake in Sterling Infrastructure by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 8,958 shares of the construction company's stock valued at $1,299,000 after buying an additional 70 shares in the last quarter. Xponance Inc. lifted its position in shares of Sterling Infrastructure by 5.1% in the second quarter. Xponance Inc. now owns 1,914 shares of the construction company's stock valued at $227,000 after acquiring an additional 93 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Sterling Infrastructure by 45.2% during the third quarter. GAMMA Investing LLC now owns 302 shares of the construction company's stock valued at $44,000 after acquiring an additional 94 shares during the last quarter. EFG Asset Management North America Corp. increased its position in Sterling Infrastructure by 0.5% during the 2nd 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. Finally, SummerHaven Investment Management LLC raised its stake in Sterling Infrastructure by 1.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 13,006 shares of the construction company's stock valued at $1,539,000 after purchasing an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company's stock.

Insider Transactions at Sterling Infrastructure

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of the stock in a transaction 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 completion of the sale, the executive vice president now directly owns 248,471 shares in the company, valued at approximately $35,677,950.89. This represents a 7.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.70% of the company's stock.

Sterling Infrastructure Trading Up 2.9 %

STRL traded up $5.57 during trading on Thursday, hitting $195.00. The company's stock had a trading volume of 33,609 shares, compared to its average volume of 349,209. Sterling Infrastructure, Inc. has a twelve month low of $62.13 and a twelve month high of $201.27. The firm's 50 day moving average price is $157.62 and its 200-day moving average price is $131.23. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market cap of $5.99 billion, a PE ratio of 32.00, a PEG ratio of 2.16 and a beta of 1.15.

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

Analyst Ratings Changes

Separately, StockNews.com cut 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.