Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P increased its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 4.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 380,972 shares of the construction company's stock after buying an additional 17,863 shares during the period. Loomis Sayles & Co. L P owned about 1.24% of Sterling Infrastructure worth $55,248,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Sterling Infrastructure by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 1,887,792 shares of the construction company's stock worth $208,242,000 after acquiring an additional 8,851 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Sterling Infrastructure by 7.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,707 shares of the construction company's stock worth $299,000 after purchasing an additional 178 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Sterling Infrastructure by 149.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 7,166 shares of the construction company's stock valued at $790,000 after purchasing an additional 4,289 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new stake in shares of Sterling Infrastructure in the 1st quarter valued at about $462,000. Finally, Bayesian Capital Management LP purchased a new position in Sterling Infrastructure during the 1st quarter worth approximately $450,000. Hedge funds and other institutional investors own 80.95% of the company's stock.

Insiders Place Their Bets

In other news, EVP Ronald A. Ballschmiede sold 18,700 shares of the firm's 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 transaction, the executive vice president now directly owns 248,471 shares in the company, valued at approximately $35,677,950.89. This trade represents a 7.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

Sterling Infrastructure Trading Up 1.4 %

STRL traded up $2.70 during midday trading on Tuesday, hitting $199.03. The company's stock had a trading volume of 759,773 shares, 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 PEG ratio of 2.20 and a beta of 1.15. Sterling Infrastructure, Inc. has a 52-week low of $62.13 and a 52-week high of $203.49. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average price of $161.84 and a two-hundred day moving average price of $132.95.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last issued its earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share 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 analysts' expectations of $599.90 million. During the same quarter last year, the firm earned $1.26 earnings per share. On average, research analysts anticipate that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current year.

Sterling Infrastructure Company 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.