CWA Asset Management Group LLC Invests $1.04 Million in Sterling Infrastructure, Inc. (NASDAQ:STRL)

CWA Asset Management Group LLC purchased a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,148 shares of the construction company's stock, valued at approximately $1,037,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Inspire Investing LLC purchased a new position in Sterling Infrastructure in the 1st quarter valued at approximately $449,000. Robeco Schweiz AG purchased a new position in Sterling Infrastructure in the 2nd quarter valued at approximately $1,420,000. Virtu Financial LLC purchased a new position in Sterling Infrastructure in the 1st quarter valued at approximately $1,138,000. Seven Eight Capital LP purchased a new position in Sterling Infrastructure in the 1st quarter valued at approximately $1,689,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Sterling Infrastructure during the 1st quarter worth $490,000. Institutional investors and hedge funds own 80.95% of the company's stock.

Insider Buying and Selling at Sterling Infrastructure

In other news, EVP Ronald A. Ballschmiede sold 18,700 shares of Sterling Infrastructure stock in a transaction dated 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 of the company's stock, valued at $35,677,950.89. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Sterling Infrastructure Stock Up 0.4 %

NASDAQ:STRL traded up $0.83 during midday trading on Monday, hitting $194.44. 276,267 shares of the company were exchanged, compared to its average volume of 350,700. The company has a fifty day simple moving average of $145.40 and a 200 day simple moving average of $126.62. Sterling Infrastructure, Inc. has a fifty-two week low of $62.13 and a fifty-two week high of $201.27. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $5.98 billion, a PE ratio of 32.76, a price-to-earnings-growth ratio of 2.18 and a beta of 1.15.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.29. The company had revenue of $593.74 million for 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 28.35%. During the same period in the previous year, the business posted $1.26 earnings per share. As a group, equities analysts anticipate that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current fiscal year.

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.