Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 8.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 59,861 shares of the construction company’s stock after acquiring an additional 4,707 shares during the period. Victory Capital Management Inc. owned approximately 0.19% of Sterling Infrastructure worth $8,681,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. State Board of Administration of Florida Retirement System raised its position in shares of Sterling Infrastructure by 69.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 14,465 shares of the construction company’s stock valued at $1,596,000 after buying an additional 5,910 shares during the period. Vanguard Group Inc. lifted its stake in shares of Sterling Infrastructure by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,887,792 shares of the construction company’s stock valued at $208,242,000 after purchasing an additional 8,851 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Sterling Infrastructure by 7.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,707 shares of the construction company’s stock worth $299,000 after buying an additional 178 shares during the period. CANADA LIFE ASSURANCE Co increased its position in shares of Sterling Infrastructure by 149.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 7,166 shares of the construction company’s stock valued at $790,000 after acquiring an additional 4,289 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Sterling Infrastructure by 5.5% in the 1st quarter. Advisors Asset Management Inc. now owns 52,957 shares of the construction company’s stock worth $5,842,000 after acquiring an additional 2,772 shares during the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Transactions at Sterling Infrastructure

In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of the company’s 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 completion of the transaction, the executive vice president now owns 248,471 shares in the company, valued at $35,677,950.89. This represents a 7.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.70% of the company’s stock.

Sterling Infrastructure Stock Up 4.2 %

Shares of NASDAQ:STRL opened at $197.41 on Friday. Sterling Infrastructure, Inc. has a fifty-two week low of $62.13 and a fifty-two week high of $201.27. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The firm’s 50-day simple moving average is $157.62 and its 200-day simple moving average is $131.23. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 2.16 and a beta of 1.15.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.68 by $0.29. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. The business had revenue of $593.74 million for the quarter, compared to analyst estimates of $599.90 million. During the same quarter in the previous year, the company earned $1.26 EPS. As a group, equities research analysts predict that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current year.

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.