Sterling Infrastructure, Inc. (NASDAQ:STRL) Stock Holdings Increased by Citigroup Inc.

Citigroup Inc. grew its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 183.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,960 shares of the construction company’s stock after buying an additional 23,295 shares during the period. Citigroup Inc. owned about 0.12% of Sterling Infrastructure worth $5,215,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of STRL. Intech Investment Management LLC bought a new stake in shares of Sterling Infrastructure in the 3rd quarter valued at approximately $1,513,000. Advisors Asset Management Inc. lifted its position in shares of Sterling Infrastructure by 2.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 50,934 shares of the construction company’s stock worth $7,386,000 after buying an additional 991 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Sterling Infrastructure by 9.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 122,711 shares of the construction company’s stock valued at $17,796,000 after buying an additional 10,097 shares during the period. Commerce Bank grew its position in shares of Sterling Infrastructure by 29.5% during the 3rd quarter. Commerce Bank now owns 2,986 shares of the construction company’s stock valued at $433,000 after buying an additional 680 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its stake in Sterling Infrastructure by 44.2% during the third quarter. Segall Bryant & Hamill LLC now owns 99,262 shares of the construction company’s stock worth $14,395,000 after acquiring an additional 30,437 shares during the period. Institutional investors own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Sterling Infrastructure Price Performance

Shares of STRL opened at $194.28 on Tuesday. Sterling Infrastructure, Inc. has a 12 month low of $62.66 and a 12 month high of $203.49. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a fifty day moving average price of $167.21 and a 200 day moving average price of $135.26. The company has a market cap of $5.97 billion, a P/E ratio of 32.82, a PEG ratio of 2.18 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.29. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. The company had revenue of $593.74 million during the quarter, compared to the consensus estimate of $599.90 million. During the same quarter in the previous year, the company posted $1.26 earnings per share. On average, research analysts forecast that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current year.

Insider Transactions at Sterling Infrastructure

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of Sterling Infrastructure stock in a transaction dated Thursday, September 19th. The shares were 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. The trade was a 7.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.70% of the company’s stock.

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.