Stratos Wealth Partners LTD. Raises Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Stratos Wealth Partners LTD. lifted its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,258 shares of the construction company's stock after purchasing an additional 1,942 shares during the period. Stratos Wealth Partners LTD. owned 0.16% of Sterling Infrastructure worth $8,129,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Quarry LP lifted its position in shares of Sterling Infrastructure by 510.7% during the third quarter. Quarry LP now owns 171 shares of the construction company's stock valued at $25,000 after purchasing an additional 143 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Sterling Infrastructure during the third quarter valued at about $26,000. Huntington National Bank raised 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 worth $31,000 after acquiring an additional 213 shares during the period. Signaturefd LLC raised its position in Sterling Infrastructure by 119.3% in the third quarter. Signaturefd LLC now owns 296 shares of the construction company's stock worth $43,000 after acquiring an additional 161 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Sterling Infrastructure in the third quarter worth about $44,000. 80.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on STRL shares. William Blair started coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They issued an "outperform" rating on the stock. StockNews.com lowered shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Thursday.

Sterling Infrastructure Stock Performance

STRL stock traded up $4.87 during mid-day trading on Thursday, hitting $148.35. The company had a trading volume of 392,960 shares, compared to its average volume of 478,482. The firm has a market cap of $4.56 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The stock's fifty day moving average price is $173.97 and its two-hundred day moving average price is $152.70. Sterling Infrastructure, Inc. has a 12 month low of $76.01 and a 12 month high of $206.07.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted its earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.29. The firm had revenue of $593.74 million during the quarter, compared to the consensus estimate of $599.90 million. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. During the same quarter last year, the company earned $1.26 earnings per share. On average, analysts forecast that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current fiscal year.

Insider Transactions at Sterling Infrastructure

In other news, Director Dana C. O'brien sold 2,000 shares of Sterling Infrastructure stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the completion of the transaction, the director now owns 25,901 shares in the company, valued at $4,555,726.89. This trade represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.80% of the company's stock.

About Sterling Infrastructure

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.