Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Bought by Spire Wealth Management

Spire Wealth Management lifted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 265.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,792 shares of the construction company's stock after acquiring an additional 6,384 shares during the period. Spire Wealth Management's holdings in Sterling Infrastructure were worth $1,481,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Creative Planning acquired a new stake in Sterling Infrastructure in the 2nd quarter worth about $361,000. Cetera Investment Advisers boosted its stake in Sterling Infrastructure by 12.4% in 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 last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Sterling Infrastructure in the 2nd quarter worth about $1,538,000. Handelsbanken Fonder AB boosted its stake in Sterling Infrastructure by 22.2% in 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 last quarter. Finally, GAMMA Investing LLC boosted its stake in Sterling Infrastructure by 45.2% in 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 last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Insider Activity

In other Sterling Infrastructure news, Director Dana C. O'brien sold 2,000 shares of the business's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the transaction, the director now owns 25,901 shares in the company, valued at $4,555,726.89. The trade was a 7.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.80% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on STRL. StockNews.com lowered Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Thursday. William Blair began coverage on Sterling Infrastructure in a report on Friday, January 17th. They set an "outperform" rating for the company.

Sterling Infrastructure Stock Up 3.4 %

NASDAQ:STRL traded up $4.87 during mid-day trading on Thursday, hitting $148.35. The company had a trading volume of 392,264 shares, compared to its average volume of 478,451. Sterling Infrastructure, Inc. has a 1 year low of $76.01 and a 1 year high of $206.07. The business has a fifty day simple moving average of $173.97 and a 200-day simple moving average of $152.70. 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 market capitalization of $4.56 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 1.47 and a beta of 1.24.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $599.90 million. During the same period in the previous year, the company posted $1.26 EPS. Equities analysts forecast that Sterling Infrastructure, Inc. will post 5.98 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.