Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP boosted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 24.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 78,236 shares of the construction company’s stock after buying an additional 15,510 shares during the period. Wellington Management Group LLP owned 0.25% of Sterling Infrastructure worth $6,879,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FMR LLC lifted its stake in Sterling Infrastructure by 45.0% during the third quarter. FMR LLC now owns 847,335 shares of the construction company’s stock worth $62,262,000 after purchasing an additional 263,046 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in Sterling Infrastructure by 310.8% during the 3rd quarter. Qube Research & Technologies Ltd now owns 143,520 shares of the construction company’s stock valued at $10,546,000 after acquiring an additional 108,582 shares during the period. International Assets Investment Management LLC grew its position in Sterling Infrastructure by 8,693.0% in the 4th quarter. International Assets Investment Management LLC now owns 87,930 shares of the construction company’s stock valued at $7,732,000 after acquiring an additional 86,930 shares in the last quarter. Teacher Retirement System of Texas increased its stake in Sterling Infrastructure by 105.1% during the fourth quarter. Teacher Retirement System of Texas now owns 131,069 shares of the construction company’s stock worth $11,525,000 after purchasing an additional 67,172 shares during the period. Finally, American Century Companies Inc. increased its stake in Sterling Infrastructure by 27.6% during the third quarter. American Century Companies Inc. now owns 304,148 shares of the construction company’s stock worth $22,349,000 after purchasing an additional 65,737 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 20,000 shares of Sterling Infrastructure stock in a transaction on Monday, April 1st. The shares were sold at an average price of $109.78, for a total value of $2,195,600.00. Following the transaction, the chief executive officer now directly owns 448,133 shares in the company, valued at $49,196,040.74. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 3.70% of the company’s stock.

Sterling Infrastructure Trading Down 0.8 %

NASDAQ STRL opened at $118.34 on Friday. Sterling Infrastructure, Inc. has a one year low of $53.97 and a one year high of $137.63. The firm has a 50 day simple moving average of $117.53 and a 200-day simple moving average of $100.60. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 24.60 and a beta of 1.21. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.25 and a current ratio of 1.25.

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

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.