Point72 DIFC Ltd purchased a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,789 shares of the construction company's stock, valued at approximately $404,000.
Other hedge funds also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in shares of Sterling Infrastructure in the 3rd quarter worth about $26,000. Hantz Financial Services Inc. purchased a new stake in Sterling Infrastructure during the second 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 last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Sterling Infrastructure by 391.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company's stock worth $33,000 after purchasing an additional 219 shares during the period. Finally, Crewe Advisors LLC increased its position in shares of Sterling Infrastructure by 85.4% during the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the construction company's stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Sunday, September 15th.
View Our Latest Report on STRL
Insider Transactions at Sterling Infrastructure
In other news, EVP Ronald A. Ballschmiede sold 18,700 shares of the company's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $143.59, for a total transaction of $2,685,133.00. Following the transaction, the executive vice president now directly owns 248,471 shares of the company's stock, valued at $35,677,950.89. This represents a 7.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.70% of the company's stock.
Sterling Infrastructure Trading Up 0.6 %
Shares of STRL stock traded up $1.08 on Friday, reaching $195.74. 246,972 shares of the company's stock were exchanged, compared to its average volume of 390,529. The stock has a market capitalization of $6.01 billion, a PE ratio of 33.06, a P/E/G ratio of 2.22 and a beta of 1.22. 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, Inc. has a 52 week low of $66.14 and a 52 week high of $203.49. The company's fifty day simple moving average is $171.29 and its 200 day simple moving average is $137.03.
Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.29. The business had revenue of $593.74 million for the quarter, compared to analyst estimates of $599.90 million. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. During the same period in the previous year, the business posted $1.26 earnings per share. As a group, analysts forecast that Sterling Infrastructure, Inc. will post 5.96 EPS for the current year.
About Sterling Infrastructure
(
Free Report)
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.
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