First Sabrepoint Capital Management LP Has $10.15 Million Stake in Sterling Infrastructure, Inc. (NASDAQ:STRL)

First Sabrepoint Capital Management LP raised its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 7.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,000 shares of the construction company's stock after purchasing an additional 5,000 shares during the quarter. Sterling Infrastructure accounts for approximately 2.9% of First Sabrepoint Capital Management LP's holdings, making the stock its 10th largest holding. First Sabrepoint Capital Management LP owned 0.23% of Sterling Infrastructure worth $10,151,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Quarry LP raised its position in Sterling Infrastructure by 510.7% in the 3rd quarter. Quarry LP now owns 171 shares of the construction company's stock valued at $25,000 after buying an additional 143 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Sterling Infrastructure in the third quarter valued at approximately $26,000. Hantz Financial Services Inc. acquired a new position in Sterling Infrastructure during the second quarter worth $30,000. Huntington National Bank grew its position in Sterling Infrastructure by 21,300.0% in the third quarter. Huntington National Bank now owns 214 shares of the construction company's stock valued at $31,000 after purchasing an additional 213 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Sterling Infrastructure by 391.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company's stock valued at $33,000 after buying an additional 219 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Sterling Infrastructure Stock Performance

Shares of STRL stock traded down $0.06 on Tuesday, reaching $183.51. The stock had a trading volume of 220,234 shares, compared to its average volume of 353,194. Sterling Infrastructure, Inc. has a 12 month low of $69.22 and a 12 month high of $203.49. The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of 31.01, a P/E/G ratio of 2.19 and a beta of 1.22. The firm's 50-day moving average is $172.06 and its two-hundred day moving average is $137.56. 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 issued its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.29. The firm had revenue of $593.74 million for the quarter, compared to analyst estimates of $599.90 million. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. During the same period in the prior year, the firm posted $1.26 EPS. On average, research analysts expect that Sterling Infrastructure, Inc. will post 5.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of the firm's stock in a transaction on Thursday, September 19th. The stock was 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 owns 248,471 shares in the company, valued at $35,677,950.89. This trade represents a 7.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.80% of the company's stock.

Sterling Infrastructure 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.