Rockefeller Capital Management L.P. Has $18.68 Million Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Rockefeller Capital Management L.P. lifted its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 58.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 128,824 shares of the construction company's stock after buying an additional 47,734 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.42% of Sterling Infrastructure worth $18,682,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in Sterling Infrastructure during the 3rd quarter worth $26,000. Hantz Financial Services Inc. bought a new position in Sterling Infrastructure in the 2nd quarter valued at about $30,000. Huntington National Bank increased its stake in Sterling Infrastructure by 21,300.0% during the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company's stock valued at $31,000 after buying an additional 213 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Sterling Infrastructure by 391.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company's stock worth $33,000 after buying an additional 219 shares in the last quarter. Finally, Crewe Advisors LLC lifted its stake in shares of Sterling Infrastructure by 85.4% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the construction company's stock worth $35,000 after acquiring an additional 135 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL traded down $0.17 during mid-day trading on Monday, reaching $194.28. The company had a trading volume of 423,309 shares, compared to its average volume of 353,868. Sterling Infrastructure, Inc. has a 1-year low of $62.66 and a 1-year high of $203.49. The stock has a market cap of $5.97 billion, a PE ratio of 32.82, a P/E/G ratio of 2.18 and a beta of 1.15. 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 company has a 50-day moving average price of $167.21 and a two-hundred day moving average price of $135.26.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last issued its quarterly 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. 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 analysts anticipate that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current year.

Insider Activity

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of the business's stock in a transaction that occurred 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 approximately $35,677,950.89. The trade was a 7.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Sterling Infrastructure from a "buy" rating to a "hold" rating in a report 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.