Lisanti Capital Growth LLC Sells 21,475 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Lisanti Capital Growth LLC trimmed its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 83.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,195 shares of the construction company's stock after selling 21,475 shares during the quarter. Lisanti Capital Growth LLC's holdings in Sterling Infrastructure were worth $608,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in Sterling Infrastructure in the third quarter valued at about $26,000. Hantz Financial Services Inc. purchased a new position in Sterling Infrastructure in the 2nd quarter worth $30,000. Nisa Investment Advisors LLC grew its position in 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 acquiring an additional 219 shares during the last quarter. Crewe Advisors LLC raised its holdings in Sterling Infrastructure by 85.4% during the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the construction company's stock valued at $35,000 after buying an additional 135 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of 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 purchasing an additional 161 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sterling Infrastructure

In other news, EVP Ronald A. Ballschmiede sold 18,700 shares of the firm'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 completion of the transaction, the executive vice president now directly owns 248,471 shares of the company's stock, valued at $35,677,950.89. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.70% of the company's stock.

Analysts Set New Price Targets

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

Sterling Infrastructure Stock Performance

Shares of NASDAQ:STRL traded down $3.20 during trading on Tuesday, hitting $191.50. The stock had a trading volume of 414,862 shares, compared to its average volume of 351,713. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of 32.89, a price-to-earnings-growth ratio of 2.18 and a beta of 1.15. The stock has a 50-day simple moving average of $145.40 and a two-hundred day simple moving average of $126.62. Sterling Infrastructure, Inc. has a 12-month low of $62.13 and a 12-month high of $201.27.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 earnings per share (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 28.35%. The firm had revenue of $593.74 million for the quarter, compared to analyst estimates of $599.90 million. During the same period in the previous year, the firm earned $1.26 EPS. On average, equities research analysts expect that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current fiscal year.

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.