Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 14,112.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,120 shares of the construction company's stock after purchasing an additional 141,120 shares during the quarter. International Assets Investment Management LLC owned about 0.46% of Sterling Infrastructure worth $20,610,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signaturefd LLC raised its position in Sterling Infrastructure by 119.3% during the 3rd quarter. Signaturefd LLC now owns 296 shares of the construction company's stock worth $43,000 after buying an additional 161 shares during the last quarter. Little House Capital LLC purchased a new position in Sterling Infrastructure during the 3rd quarter worth $1,096,000. Allspring Global Investments Holdings LLC raised its position in Sterling Infrastructure by 19.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 617,901 shares of the construction company's stock worth $89,608,000 after buying an additional 102,101 shares during the last quarter. Wealth Alliance Advisory Group LLC purchased a new position in Sterling Infrastructure during the 3rd quarter worth $244,000. Finally, Chicago Capital LLC purchased a new position in Sterling Infrastructure during the 3rd quarter worth $226,000. Hedge funds and other institutional investors own 80.95% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Sterling Infrastructure

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of the 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 directly owns 248,471 shares of the company's stock, valued at approximately $35,677,950.89. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.70% of the company's stock.

Sterling Infrastructure Price Performance

Shares of NASDAQ:STRL traded down $2.66 on Wednesday, reaching $153.47. 250,141 shares of the company were exchanged, compared to its average volume of 349,308. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44. Sterling Infrastructure, Inc. has a 1-year low of $55.45 and a 1-year high of $170.50. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 31.91, a price-to-earnings-growth ratio of 1.89 and a beta of 1.17. The company has a 50-day moving average of $137.88 and a 200-day moving average of $122.96.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The construction company reported $1.67 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.24. Sterling Infrastructure had a net margin of 7.85% and a return on equity of 25.64%. The business had revenue of $582.82 million for the quarter, compared to analysts' expectations of $553.70 million. During the same period in the prior year, the company posted $1.27 EPS. Equities analysts forecast that Sterling Infrastructure, Inc. will post 5.66 earnings per share for the current fiscal 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.