Signaturefd LLC Buys 161 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Signaturefd LLC boosted its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 119.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 296 shares of the construction company’s stock after acquiring an additional 161 shares during the quarter. Signaturefd LLC’s holdings in Sterling Infrastructure were worth $43,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Xponance Inc. raised its holdings in shares of 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 buying an additional 93 shares in the last quarter. GAMMA Investing LLC grew its position in Sterling Infrastructure by 45.2% during the third quarter. GAMMA Investing LLC now owns 302 shares of the construction company’s stock valued at $44,000 after acquiring an additional 94 shares during the last quarter. EFG Asset Management North America Corp. raised its stake in shares of Sterling Infrastructure by 0.5% during the second quarter. EFG Asset Management North America Corp. now owns 25,246 shares of the construction company’s stock worth $2,985,000 after acquiring an additional 120 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Sterling Infrastructure by 1.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 13,006 shares of the construction company’s stock worth $1,539,000 after acquiring an additional 124 shares during the last quarter. Finally, Crewe Advisors LLC boosted its stake in shares of 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 purchasing an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at Sterling Infrastructure

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $35,677,950.89. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is currently owned by corporate insiders.

Sterling Infrastructure Trading Down 1.7 %

NASDAQ STRL opened at $153.47 on Thursday. The firm has a market cap of $4.74 billion, a PE ratio of 31.91, a price-to-earnings-growth ratio of 1.89 and a beta of 1.17. Sterling Infrastructure, Inc. has a 1-year low of $55.45 and a 1-year high of $170.50. The stock has a 50-day moving average of $137.88 and a 200-day moving average of $122.96. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, August 5th. The construction company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.24. Sterling Infrastructure had a return on equity of 25.64% and a net margin of 7.85%. The firm had revenue of $582.82 million during the quarter, compared to the consensus estimate of $553.70 million. During the same quarter in the previous year, the company posted $1.27 earnings per share. As a group, sell-side analysts forecast that Sterling Infrastructure, Inc. will post 5.66 EPS for the current 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.