RPg Family Wealth Advisory LLC Has $4.38 Million Stock Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

RPg Family Wealth Advisory LLC decreased its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 9.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 30,231 shares of the construction company's stock after selling 3,061 shares during the period. Sterling Infrastructure comprises about 1.3% of RPg Family Wealth Advisory LLC's investment portfolio, making the stock its 29th biggest holding. RPg Family Wealth Advisory LLC owned 0.10% of Sterling Infrastructure worth $4,384,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Robeco Schweiz AG bought a new position in shares of Sterling Infrastructure during the 2nd quarter worth about $1,420,000. Virtu Financial LLC acquired a new position in shares of Sterling Infrastructure during the first quarter worth approximately $1,138,000. Csenge Advisory Group bought a new stake in shares of Sterling Infrastructure during the second quarter worth approximately $2,048,000. Verus Capital Partners LLC raised its stake in shares of Sterling Infrastructure by 68.4% during the second quarter. Verus Capital Partners LLC now owns 21,850 shares of the construction company's stock worth $2,586,000 after buying an additional 8,875 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Sterling Infrastructure by 270.2% during the second quarter. SG Americas Securities LLC now owns 36,338 shares of the construction company's stock worth $4,300,000 after buying an additional 26,521 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Insider Buying and Selling

In other Sterling Infrastructure 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 of the company's stock, valued at $35,677,950.89. This trade represents a 7.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.80% of the stock is owned by insiders.

Sterling Infrastructure Stock Performance

STRL stock traded down $3.62 during trading hours on Wednesday, reaching $195.41. The stock had a trading volume of 632,065 shares, compared to its average volume of 353,714. The stock has a market capitalization of $6.00 billion, a PE ratio of 33.62, a price-to-earnings-growth ratio of 2.20 and a beta of 1.15. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a 50-day simple moving average of $163.21 and a 200 day simple moving average of $133.44. Sterling Infrastructure, Inc. has a fifty-two week low of $62.13 and a fifty-two week high of $203.49.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.29. The company 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 prior year, the firm earned $1.26 earnings per share. Analysts predict that Sterling Infrastructure, Inc. will post 5.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.