Virtu Financial LLC Takes $732,000 Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Virtu Financial LLC bought a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,046 shares of the construction company's stock, valued at approximately $732,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. purchased a new stake in Sterling Infrastructure in the second quarter worth about $254,000. Blue Trust Inc. lifted its stake in shares of Sterling Infrastructure by 14.6% in the 2nd quarter. Blue Trust Inc. now owns 1,069 shares of the construction company's stock valued at $118,000 after purchasing an additional 136 shares during the period. Raymond James & Associates boosted its position in shares of Sterling Infrastructure by 8.4% during the second quarter. Raymond James & Associates now owns 39,324 shares of the construction company's stock valued at $4,654,000 after purchasing an additional 3,059 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Sterling Infrastructure by 391.1% in the second quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company's stock worth $33,000 after purchasing an additional 219 shares during the period. Finally, SummerHaven Investment Management LLC raised its holdings 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 in the last quarter. Institutional investors own 80.95% of the company's stock.

Insider Activity at Sterling Infrastructure

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of the company's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $143.59, for a total value 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. This represents a 7.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.70% of the stock is currently owned by insiders.

Sterling Infrastructure Stock Down 1.8 %

Shares of NASDAQ STRL traded down $3.32 on Friday, reaching $180.29. 273,840 shares of the company's stock traded hands, compared to its average volume of 352,465. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The business's 50 day simple moving average is $175.13 and its two-hundred day simple moving average is $139.11. Sterling Infrastructure, Inc. has a 12 month low of $69.61 and a 12 month high of $203.49. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 2.11 and a beta of 1.22.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last announced 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 business 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 earnings per share. As a group, equities research analysts forecast that Sterling Infrastructure, Inc. will post 5.96 EPS for the current fiscal year.

Analyst Ratings Changes

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

Sterling Infrastructure 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.