Intech Investment Management LLC Makes New Investment in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Intech Investment Management LLC bought a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,430 shares of the construction company's stock, valued at approximately $1,513,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Robeco Schweiz AG acquired a new stake in shares of Sterling Infrastructure during the second quarter worth $1,420,000. Virtu Financial LLC acquired a new position in Sterling Infrastructure during the first quarter valued at $1,138,000. Csenge Advisory Group acquired a new position in Sterling Infrastructure during the second quarter valued at $2,048,000. Verus Capital Partners LLC raised its position in Sterling Infrastructure by 68.4% during the second quarter. Verus Capital Partners LLC now owns 21,850 shares of the construction company's stock valued at $2,586,000 after buying an additional 8,875 shares during the period. Finally, SG Americas Securities LLC raised its position in Sterling Infrastructure by 270.2% during the second quarter. SG Americas Securities LLC now owns 36,338 shares of the construction company's stock valued at $4,300,000 after buying an additional 26,521 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Up 1.4 %

NASDAQ:STRL traded up $2.70 during trading hours on Tuesday, hitting $199.03. 759,773 shares of the company's stock traded hands, compared to its average volume of 352,498. The firm has a market cap of $6.11 billion, a P/E ratio of 33.16, a P/E/G ratio of 2.20 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 company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The stock's fifty day moving average price is $161.84 and its two-hundred day moving average price is $132.95.

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

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 that occurred on 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 transaction, the executive vice president now owns 248,471 shares of the company's stock, valued at $35,677,950.89. This trade represents a 7.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.80% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report 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.