Tucker Asset Management LLC Takes $115,000 Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Tucker Asset Management LLC acquired a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,307 shares of the construction company’s stock, valued at approximately $115,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in STRL. Nordea Investment Management AB bought a new stake in shares of Sterling Infrastructure in the fourth quarter worth approximately $3,030,000. Graham Capital Management L.P. purchased a new stake in Sterling Infrastructure during the 3rd quarter valued at $782,000. Seizert Capital Partners LLC lifted its holdings in shares of Sterling Infrastructure by 21.3% during the 4th quarter. Seizert Capital Partners LLC now owns 40,868 shares of the construction company’s stock valued at $3,594,000 after buying an additional 7,177 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Sterling Infrastructure by 248.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 29,332 shares of the construction company’s stock worth $2,579,000 after buying an additional 20,905 shares during the last quarter. Finally, Legacy Bridge LLC bought a new stake in shares of Sterling Infrastructure in the fourth quarter worth $1,541,000. 80.95% of the stock is owned by institutional investors.

Sterling Infrastructure Stock Performance

Shares of NASDAQ STRL opened at $116.33 on Monday. Sterling Infrastructure, Inc. has a 12-month low of $51.02 and a 12-month high of $137.63. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 24.19 and a beta of 1.20. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.53. The firm has a 50 day moving average of $114.20 and a 200 day moving average of $97.40.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data on Monday, May 6th. The construction company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.18. The firm had revenue of $440.36 million during the quarter, compared to the consensus estimate of $453.30 million. Sterling Infrastructure had a net margin of 7.47% and a return on equity of 25.06%. On average, research analysts anticipate that Sterling Infrastructure, Inc. will post 5.3 earnings per share for the current year.

Insider Buying and Selling at Sterling Infrastructure

In other news, CFO Ronald A. Ballschmiede sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $109.66, for a total value of $1,425,580.00. Following the transaction, the chief financial officer now owns 270,460 shares of the company’s stock, valued at $29,658,643.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 33,214 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $108.71, for a total transaction of $3,610,693.94. Following the sale, the chief executive officer now directly owns 695,245 shares of the company’s stock, valued at $75,580,083.95. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Ronald A. Ballschmiede sold 13,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $109.66, for a total value of $1,425,580.00. Following the completion of the transaction, the chief financial officer now directly owns 270,460 shares of the company’s stock, valued at approximately $29,658,643.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 190,038 shares of company stock valued at $21,147,567. Company insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson reissued a “neutral” rating and issued a $115.00 target price (up previously from $86.00) on shares of Sterling Infrastructure in a report on Wednesday, February 28th.

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.