XTX Topco Ltd Buys Shares of 6,440 Sterling Infrastructure, Inc. (NASDAQ:STRL)

XTX Topco Ltd bought a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,440 shares of the construction company's stock, valued at approximately $934,000.

Several other institutional investors have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its position in shares of Sterling Infrastructure by 691.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 515,800 shares of the construction company's stock valued at $61,040,000 after buying an additional 450,620 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Sterling Infrastructure by 1,088.1% in the 3rd quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company's stock worth $51,561,000 after purchasing an additional 325,620 shares in the last quarter. F M Investments LLC bought a new position in shares of Sterling Infrastructure during the 2nd quarter valued at about $18,379,000. International Assets Investment Management LLC grew its position in shares of Sterling Infrastructure by 14,112.0% during the third quarter. International Assets Investment Management LLC now owns 142,120 shares of the construction company's stock valued at $20,610,000 after purchasing an additional 141,120 shares in the last quarter. Finally, Congress Asset Management Co. increased its holdings in shares of Sterling Infrastructure by 19.1% in the third quarter. Congress Asset Management Co. now owns 647,924 shares of the construction company's stock worth $93,962,000 after purchasing an additional 104,096 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL traded up $5.66 during mid-day trading on Wednesday, hitting $188.44. 254,148 shares of the company's stock traded hands, compared to its average volume of 353,174. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. Sterling Infrastructure, Inc. has a 1 year low of $69.61 and a 1 year high of $203.49. The company's 50-day moving average is $173.71 and its two-hundred day moving average is $138.31. The company has a market capitalization of $5.79 billion, a P/E ratio of 31.83, a PEG ratio of 2.19 and a beta of 1.22.

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 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 return on equity of 27.52% and a net margin of 8.77%. During the same period in the prior year, the business posted $1.26 earnings per share. On average, equities analysts anticipate that Sterling Infrastructure, Inc. will post 5.96 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Activity

In other news, EVP Ronald A. Ballschmiede sold 18,700 shares of the 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 sale, the executive vice president now directly owns 248,471 shares in the company, valued at approximately $35,677,950.89. This represents a 7.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.80% of the company's stock.

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.