BNP Paribas Financial Markets Buys 41,582 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

BNP Paribas Financial Markets raised its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 168.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,235 shares of the construction company's stock after buying an additional 41,582 shares during the period. BNP Paribas Financial Markets owned about 0.22% of Sterling Infrastructure worth $9,605,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Chartwell Investment Partners LLC increased its holdings in shares of Sterling Infrastructure by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 8,958 shares of the construction company's stock worth $1,299,000 after purchasing an additional 70 shares during the last quarter. Xponance Inc. raised its holdings in shares of Sterling Infrastructure by 5.1% during the 2nd quarter. Xponance Inc. now owns 1,914 shares of the construction company's stock worth $227,000 after acquiring an additional 93 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Sterling Infrastructure by 45.2% during the 3rd quarter. GAMMA Investing LLC now owns 302 shares of the construction company's stock valued at $44,000 after acquiring an additional 94 shares during the last quarter. EFG Asset Management North America Corp. grew its holdings in shares of Sterling Infrastructure by 0.5% in the second quarter. EFG Asset Management North America Corp. now owns 25,246 shares of the construction company's stock valued at $2,985,000 after purchasing an additional 120 shares in the last quarter. Finally, SummerHaven Investment Management LLC increased its position in Sterling Infrastructure by 1.0% in the second quarter. SummerHaven Investment Management LLC now owns 13,006 shares of the construction company's stock worth $1,539,000 after purchasing an additional 124 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

Insider Transactions at Sterling Infrastructure

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of the company's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $143.59, for a total value of $2,685,133.00. Following the completion of the sale, the executive vice president now directly owns 248,471 shares of the company's stock, valued at $35,677,950.89. This represents a 7.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.80% of the company's stock.

Sterling Infrastructure Trading Up 0.4 %

Shares of STRL stock traded up $0.87 during trading hours on Tuesday, reaching $195.15. 174,043 shares of the stock were exchanged, compared to its average volume of 353,061. 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 $5.99 billion, a price-to-earnings ratio of 32.82, a price-to-earnings-growth ratio of 2.18 and a beta of 1.22. Sterling Infrastructure, Inc. has a 12-month low of $62.66 and a 12-month high of $203.49. The company's 50-day moving average price is $167.21 and its 200-day moving average price is $135.26.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.29. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. The company had revenue of $593.74 million during the quarter, compared to analysts' expectations of $599.90 million. During the same quarter in the previous year, the business earned $1.26 EPS. As a group, equities analysts anticipate that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Sterling Infrastructure from a "buy" rating to a "hold" rating in a research 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.