1,954 Shares in Sterling Infrastructure, Inc. (NASDAQ:STRL) Bought by SkyOak Wealth LLC

SkyOak Wealth LLC purchased a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,954 shares of the construction company's stock, valued at approximately $329,000.

Other hedge funds also recently made changes to their positions in the company. Creative Planning purchased a new stake in Sterling Infrastructure during the 2nd quarter worth $361,000. Cetera Investment Advisers increased its stake in Sterling Infrastructure by 12.4% during the 2nd quarter. Cetera Investment Advisers now owns 12,149 shares of the construction company's stock worth $1,438,000 after buying an additional 1,341 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Sterling Infrastructure during the 2nd quarter worth $1,538,000. Handelsbanken Fonder AB increased its stake in Sterling Infrastructure by 22.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 8,800 shares of the construction company's stock worth $1,276,000 after buying an additional 1,600 shares during the period. Finally, GAMMA Investing LLC increased its stake in Sterling Infrastructure by 45.2% during the 3rd quarter. GAMMA Investing LLC now owns 302 shares of the construction company's stock worth $44,000 after buying an additional 94 shares during the period. Institutional investors and hedge funds own 80.95% of the company's stock.

Insider Activity at Sterling Infrastructure

In related news, Director Dana C. O'brien sold 2,000 shares of the business's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total transaction of $351,780.00. Following the completion of the sale, the director now owns 25,901 shares of the company's stock, valued at $4,555,726.89. This represents a 7.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.80% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on STRL. StockNews.com raised shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a research report on Wednesday, January 29th. William Blair began coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They issued an "outperform" rating for the company.

Sterling Infrastructure Stock Up 4.0 %

Shares of STRL traded up $5.51 during midday trading on Wednesday, hitting $144.08. The company had a trading volume of 237,887 shares, compared to its average volume of 475,779. The company's 50 day moving average price is $175.01 and its 200 day moving average price is $152.76. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 1.47 and a beta of 1.24. Sterling Infrastructure, Inc. has a 52 week low of $74.70 and a 52 week high of $206.07. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last announced its quarterly earnings data 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 net margin of 8.77% and a return on equity of 27.52%. The business had revenue of $593.74 million during the quarter, compared to the consensus estimate of $599.90 million. During the same quarter in the prior year, the firm earned $1.26 EPS. On average, equities research analysts predict that Sterling Infrastructure, Inc. will post 5.98 EPS 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.