Wasatch Advisors LP reduced its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 4.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,530 shares of the construction company's stock after selling 4,140 shares during the period. Wasatch Advisors LP owned about 0.26% of Sterling Infrastructure worth $11,678,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of STRL. Capital Performance Advisors LLP acquired a new position in Sterling Infrastructure during the 3rd quarter worth approximately $26,000. Huntington National Bank lifted its position in shares of 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 purchasing an additional 213 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in Sterling Infrastructure during the second quarter worth $30,000. Nisa Investment Advisors LLC grew its position in Sterling Infrastructure by 391.1% in the second quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company's stock valued at $33,000 after purchasing an additional 219 shares in the last quarter. Finally, Crewe Advisors LLC increased its stake in Sterling Infrastructure by 85.4% in 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. 80.95% of the stock is currently owned by institutional investors.
Insider Transactions 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 stock was 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 trade represents a 7.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.70% of the stock is owned by company insiders.
Sterling Infrastructure Stock Down 0.5 %
Shares of NASDAQ:STRL traded down $0.96 during trading on Friday, hitting $194.45. 319,842 shares of the company were exchanged, compared to its average volume of 387,807. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 32.85, a P/E/G ratio of 2.18 and a beta of 1.15. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure, Inc. has a fifty-two week low of $62.13 and a fifty-two week high of $203.49. The firm has a fifty day moving average price of $166.30 and a two-hundred day moving average price of $134.81.
Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last issued its earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.29. The business had revenue of $593.74 million for 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 period in the previous year, the company earned $1.26 earnings per share. As a group, research analysts anticipate that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Sunday, September 15th.
Get Our Latest Stock Report on STRL
About Sterling Infrastructure
(
Free Report)
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.
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