World Investment Advisors LLC Purchases New Shares in Sterling Infrastructure, Inc. (NASDAQ:STRL)

World Investment Advisors LLC acquired a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 30,309 shares of the construction company's stock, valued at approximately $4,395,000. World Investment Advisors LLC owned 0.10% of Sterling Infrastructure as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the company. Chartwell Investment Partners LLC increased its position in shares of Sterling Infrastructure by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 8,958 shares of the construction company's stock worth $1,299,000 after acquiring an additional 70 shares in the last quarter. Xponance Inc. grew its holdings in Sterling Infrastructure by 5.1% during the 2nd quarter. Xponance Inc. now owns 1,914 shares of the construction company's stock valued at $227,000 after purchasing an additional 93 shares in the last quarter. GAMMA Investing LLC grew its holdings in Sterling Infrastructure by 45.2% during the 3rd quarter. GAMMA Investing LLC now owns 302 shares of the construction company's stock valued at $44,000 after purchasing an additional 94 shares in the last quarter. EFG Asset Management North America Corp. grew its holdings in Sterling Infrastructure by 0.5% during the 2nd quarter. EFG Asset Management North America Corp. now owns 25,246 shares of the construction company's stock valued at $2,985,000 after purchasing an additional 120 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its holdings in Sterling Infrastructure by 1.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 13,006 shares of the construction company's stock valued at $1,539,000 after purchasing an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company's stock.

Insider Buying and Selling

In other Sterling Infrastructure 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 sale, the executive vice president now directly owns 248,471 shares in the company, valued at approximately $35,677,950.89. This trade represents a 7.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Sterling Infrastructure Stock Performance

Shares of NASDAQ STRL traded down $2.82 during trading hours on Friday, hitting $180.79. 150,846 shares of the stock were exchanged, compared to its average volume of 351,938. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The company's 50 day moving average is $174.48 and its 200 day moving average is $138.62. The firm has a market capitalization of $5.55 billion, a P/E ratio of 31.02, a P/E/G ratio of 2.11 and a beta of 1.22. Sterling Infrastructure, Inc. has a one year low of $69.61 and a one year high of $203.49.

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 net margin of 8.77% and a return on equity of 27.52%. The company had revenue of $593.74 million during the quarter, compared to analysts' expectations of $599.90 million. During the same quarter in the prior year, the company posted $1.26 EPS. On average, research analysts expect that Sterling Infrastructure, Inc. will post 5.96 EPS for the current year.

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.