Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 24.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,555 shares of the construction company’s stock after purchasing an additional 1,089 shares during the period. SG Americas Securities LLC’s holdings in Sterling Infrastructure were worth $936,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP lifted its position in Sterling Infrastructure by 510.7% in the 3rd quarter. Quarry LP now owns 171 shares of the construction company’s stock valued at $25,000 after purchasing an additional 143 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Sterling Infrastructure in the third quarter valued at approximately $26,000. Huntington National Bank raised its holdings in shares of Sterling Infrastructure by 21,300.0% during the third quarter. Huntington National Bank now owns 214 shares of the construction company’s stock valued at $31,000 after buying an additional 213 shares during the last quarter. Signaturefd LLC boosted its position in shares of Sterling Infrastructure by 119.3% during the third quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock worth $43,000 after buying an additional 161 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Sterling Infrastructure by 45.2% in the 3rd quarter. GAMMA Investing LLC now owns 302 shares of the construction company’s stock worth $44,000 after buying an additional 94 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Dana C. O’brien sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total value of $351,780.00. Following the completion of the sale, the director now owns 25,901 shares of the company’s stock, valued at approximately $4,555,726.89. The trade was a 7.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, William Blair started coverage on Sterling Infrastructure in a research report on Friday, January 17th. They set an “outperform” rating for the company.

Sterling Infrastructure Price Performance

NASDAQ STRL opened at $139.68 on Wednesday. The business’s fifty day moving average is $180.47 and its two-hundred day moving average is $152.03. The stock has a market capitalization of $4.29 billion, a P/E ratio of 23.59, a P/E/G ratio of 2.07 and a beta of 1.26. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. Sterling Infrastructure, Inc. has a 1 year low of $74.44 and a 1 year high of $206.07.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.29. The firm had revenue of $593.74 million for the quarter, compared to analyst estimates of $599.90 million. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. During the same period in the previous year, the firm earned $1.26 earnings per share. On average, research analysts forecast that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current fiscal 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.