Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Purchased by De Lisle Partners LLP

De Lisle Partners LLP boosted its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 4.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,857 shares of the construction company's stock after buying an additional 3,000 shares during the quarter. Sterling Infrastructure makes up about 1.9% of De Lisle Partners LLP's investment portfolio, making the stock its 12th biggest holding. De Lisle Partners LLP owned approximately 0.26% of Sterling Infrastructure worth $11,432,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STRL. Vanguard Group Inc. increased its holdings in Sterling Infrastructure by 0.5% in the first quarter. Vanguard Group Inc. now owns 1,887,792 shares of the construction company's stock valued at $208,242,000 after buying an additional 8,851 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Sterling Infrastructure by 7.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,707 shares of the construction company's stock valued at $299,000 after buying an additional 178 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Sterling Infrastructure by 149.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 7,166 shares of the construction company's stock valued at $790,000 after acquiring an additional 4,289 shares during the period. Public Employees Retirement Association of Colorado acquired a new position in Sterling Infrastructure in the first quarter valued at approximately $462,000. Finally, Bayesian Capital Management LP acquired a new position in Sterling Infrastructure in the first quarter valued at approximately $450,000. 80.95% of the stock is owned by institutional investors.

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.

Sterling Infrastructure Stock Performance

STRL stock traded down $3.62 during midday trading on Thursday, reaching $195.41. The company had a trading volume of 632,073 shares, compared to its average volume of 353,714. 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 50 day moving average price of $164.42 and a 200 day moving average price of $133.88. Sterling Infrastructure, Inc. has a fifty-two week low of $62.13 and a fifty-two week high of $203.49. The firm has a market capitalization of $6.00 billion, a PE ratio of 33.01, a P/E/G ratio of 2.20 and a beta of 1.15.

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

Insider Transactions at Sterling Infrastructure

In other news, EVP Ronald A. Ballschmiede sold 18,700 shares of the business's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $143.59, for a total transaction of $2,685,133.00. Following the completion of the transaction, the executive vice president now directly owns 248,471 shares in the company, valued at approximately $35,677,950.89. The trade was a 7.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.80% of the company's stock.

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.