Victory Capital Management Inc. Purchases 4,707 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Victory Capital Management Inc. lifted its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 8.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,861 shares of the construction company's stock after acquiring an additional 4,707 shares during the period. Victory Capital Management Inc. owned approximately 0.19% of Sterling Infrastructure worth $8,681,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System boosted its position in Sterling Infrastructure by 69.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 14,465 shares of the construction company's stock worth $1,596,000 after purchasing an additional 5,910 shares during the last quarter. Vanguard Group Inc. increased its position in Sterling Infrastructure by 0.5% in the first quarter. Vanguard Group Inc. now owns 1,887,792 shares of the construction company's stock worth $208,242,000 after buying an additional 8,851 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Sterling Infrastructure by 7.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,707 shares of the construction company's stock worth $299,000 after acquiring an additional 178 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in Sterling Infrastructure by 149.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 7,166 shares of the construction company's stock valued at $790,000 after purchasing an additional 4,289 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in Sterling Infrastructure by 5.5% in the 1st quarter. Advisors Asset Management Inc. now owns 52,957 shares of the construction company's stock valued at $5,842,000 after buying an additional 2,772 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Sterling Infrastructure

In related 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 value of $2,685,133.00. Following the sale, the executive vice president now owns 248,471 shares in the company, valued at $35,677,950.89. The trade was a 7.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.70% of the company's stock.

Sterling Infrastructure Price Performance

Shares of Sterling Infrastructure stock traded down $0.90 on Friday, hitting $196.51. 285,590 shares of the company traded hands, compared to its average volume of 350,141. Sterling Infrastructure, Inc. has a 12-month low of $62.13 and a 12-month high of $201.27. 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 market cap of $6.03 billion, a P/E ratio of 33.35, a P/E/G ratio of 2.16 and a beta of 1.15. The firm's 50-day simple moving average is $159.10 and its 200 day simple moving average is $131.69.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last released 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 net margin of 8.77% and a return on equity of 27.52%. During the same quarter last year, the firm earned $1.26 EPS. Analysts expect that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.