Dynamic Technology Lab Private Ltd Acquires Shares of 4,073 Sterling Infrastructure, Inc. (NASDAQ:STRL)

Dynamic Technology Lab Private Ltd acquired a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,073 shares of the construction company's stock, valued at approximately $591,000.

A number of other hedge funds have also recently modified their holdings of the stock. Capital Performance Advisors LLP acquired a new position in Sterling Infrastructure in the third quarter valued at approximately $26,000. Hantz Financial Services Inc. purchased a new position in shares of Sterling Infrastructure during the 2nd quarter valued at approximately $30,000. Huntington National Bank lifted its stake in shares of Sterling Infrastructure by 21,300.0% in the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company's stock valued at $31,000 after purchasing an additional 213 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Sterling Infrastructure by 391.1% during the second quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company's stock worth $33,000 after buying an additional 219 shares in the last quarter. Finally, Crewe Advisors LLC grew its position 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 during the period. 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 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 sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

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

Sterling Infrastructure Price Performance

STRL traded down $0.96 during trading on Friday, hitting $194.45. The company's stock had a trading volume of 319,674 shares, compared to its average volume of 353,567. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 32.85, a P/E/G ratio of 2.19 and a beta of 1.15. Sterling Infrastructure, Inc. has a twelve month low of $62.13 and a twelve month high of $203.49. The business's fifty day simple moving average is $166.30 and its 200 day simple moving average is $134.76. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.29. The firm had revenue of $593.74 million for the quarter, compared to analysts' expectations 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 last year, the company earned $1.26 EPS. On average, equities research analysts forecast that Sterling Infrastructure, Inc. will post 5.96 EPS for the current fiscal year.

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.