KBC Group NV Acquires 354 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

KBC Group NV boosted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 35.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,347 shares of the construction company’s stock after acquiring an additional 354 shares during the quarter. KBC Group NV’s holdings in Sterling Infrastructure were worth $227,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in STRL. Chartwell Investment Partners LLC boosted its position in shares of Sterling Infrastructure by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 8,958 shares of the construction company’s stock valued at $1,299,000 after buying an additional 70 shares during the period. GAMMA Investing LLC grew its position in Sterling Infrastructure by 45.2% in the 3rd 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. Quarry LP grew 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 acquiring an additional 143 shares during the last quarter. Signaturefd LLC increased its stake in Sterling Infrastructure by 119.3% in the third quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock worth $43,000 after purchasing an additional 161 shares during the period. Finally, Aprio Wealth Management LLC lifted its position in shares of Sterling Infrastructure by 5.4% during the fourth quarter. Aprio Wealth Management LLC now owns 3,161 shares of the construction company’s stock worth $532,000 after purchasing an additional 161 shares during the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sterling Infrastructure

In other news, Director Dana C. O’brien sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the sale, the director now directly owns 25,901 shares in the company, valued at approximately $4,555,726.89. This trade represents a 7.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.80% of the company’s stock.

Sterling Infrastructure Stock Performance

STRL stock opened at $138.57 on Wednesday. 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 company has a market capitalization of $4.26 billion, a P/E ratio of 23.41, a PEG ratio of 1.47 and a beta of 1.24. The business has a 50-day moving average price of $175.01 and a 200 day moving average price of $152.76. Sterling Infrastructure, Inc. has a 1-year low of $74.70 and a 1-year high of $206.07.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on STRL shares. StockNews.com upgraded shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th. William Blair began coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They set an “outperform” rating for the company.

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.