Captrust Financial Advisors Acquires 4,824 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Captrust Financial Advisors boosted its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 24.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,679 shares of the construction company's stock after buying an additional 4,824 shares during the period. Captrust Financial Advisors owned approximately 0.08% of Sterling Infrastructure worth $3,579,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. increased its position in Sterling Infrastructure by 58.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 128,824 shares of the construction company's stock valued at $18,682,000 after acquiring an additional 47,734 shares during the period. De Lisle Partners LLP grew its stake in shares of Sterling Infrastructure by 4.0% in the third quarter. De Lisle Partners LLP now owns 78,857 shares of the construction company's stock worth $11,432,000 after purchasing an additional 3,000 shares during the last quarter. Cynosure Group LLC increased its holdings in Sterling Infrastructure by 63.6% in the third quarter. Cynosure Group LLC now owns 5,201 shares of the construction company's stock valued at $754,000 after purchasing an additional 2,022 shares during the period. Townsquare Capital LLC raised its position in Sterling Infrastructure by 85.3% during the 3rd quarter. Townsquare Capital LLC now owns 51,332 shares of the construction company's stock worth $7,444,000 after purchasing an additional 23,631 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Sterling Infrastructure by 168.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 66,235 shares of the construction company's stock worth $9,605,000 after buying an additional 41,582 shares during the period. 80.95% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of Sterling Infrastructure 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. The trade was a 7.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is currently owned by company insiders.

Sterling Infrastructure Trading Down 1.2 %

Shares of NASDAQ:STRL traded down $2.38 during trading on Thursday, reaching $196.44. The stock had a trading volume of 238,664 shares, compared to its average volume of 352,899. Sterling Infrastructure, Inc. has a 52 week low of $66.14 and a 52 week high of $203.49. The firm's fifty day moving average is $169.27 and its 200 day moving average is $136.17. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 33.58, a P/E/G ratio of 2.19 and a beta of 1.22. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last announced its earnings results on Wednesday, November 6th. The construction company reported $1.97 EPS 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 return on equity of 27.52% and a net margin of 8.77%. During the same quarter in the prior year, the company earned $1.26 EPS. As a group, equities analysts forecast that Sterling Infrastructure, Inc. will post 5.96 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.