Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. lifted its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 16.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,246 shares of the construction company’s stock after buying an additional 177 shares during the period. Blue Trust Inc.’s holdings in Sterling Infrastructure were worth $181,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Hantz Financial Services Inc. acquired a new position in Sterling Infrastructure during the 2nd quarter worth $30,000. Nisa Investment Advisors LLC increased its stake in shares of Sterling Infrastructure by 391.1% during the second quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock valued at $33,000 after acquiring an additional 219 shares during the period. Crewe Advisors LLC lifted its holdings 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 acquiring an additional 135 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of Sterling Infrastructure during the 2nd quarter valued at $38,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Sterling Infrastructure during the second quarter valued at about $40,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Trading Down 1.8 %

NASDAQ:STRL opened at $150.66 on Friday. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 28.92, a P/E/G ratio of 1.89 and a beta of 1.17. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.44. Sterling Infrastructure, Inc. has a 12 month low of $55.45 and a 12 month high of $170.50. The company’s 50 day moving average is $136.21 and its 200-day moving average is $122.14.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings results on Monday, August 5th. The construction company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.24. The firm had revenue of $582.82 million for the quarter, compared to the consensus estimate of $553.70 million. Sterling Infrastructure had a net margin of 7.85% and a return on equity of 25.64%. During the same quarter in the previous year, the company earned $1.27 earnings per share. Equities analysts anticipate that Sterling Infrastructure, Inc. will post 5.66 EPS for the current year.

Insider Buying and Selling at Sterling Infrastructure

In related 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 transaction of $2,685,133.00. Following the sale, the executive vice president now directly owns 248,471 shares in the company, valued at $35,677,950.89. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Sunday, September 15th.

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.