Invst LLC Acquires 2,205 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Invst LLC increased its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 60.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,849 shares of the construction company’s stock after buying an additional 2,205 shares during the quarter. Invst LLC’s holdings in Sterling Infrastructure were worth $671,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in STRL. Xponance Inc. boosted its stake 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 worth $227,000 after acquiring an additional 93 shares during the last quarter. New York State Teachers Retirement System lifted its position in Sterling Infrastructure by 4.3% during the first quarter. New York State Teachers Retirement System now owns 2,711 shares of the construction company’s stock valued at $299,000 after purchasing an additional 111 shares in the last quarter. EFG Asset Management North America Corp. lifted its position in 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 valued at $2,985,000 after purchasing an additional 120 shares in the last quarter. SummerHaven Investment Management LLC grew its holdings in Sterling Infrastructure by 1.0% during the second quarter. SummerHaven Investment Management LLC now owns 13,006 shares of the construction company’s stock valued at $1,539,000 after purchasing an additional 124 shares during the period. Finally, Crewe Advisors LLC increased its position in Sterling Infrastructure by 85.4% in the second quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock worth $35,000 after buying an additional 135 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

Insider Transactions at Sterling Infrastructure

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of the company’s stock in a transaction on 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 completion of the transaction, the executive vice president now owns 248,471 shares in the company, valued at $35,677,950.89. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

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

Sterling Infrastructure Trading Up 1.2 %

Shares of STRL stock opened at $145.02 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a fifty day simple moving average of $118.82 and a two-hundred day simple moving average of $115.85. The firm has a market capitalization of $4.48 billion, a PE ratio of 30.15, a PEG ratio of 1.76 and a beta of 1.16. Sterling Infrastructure, Inc. has a 52-week low of $55.45 and a 52-week high of $152.00.

Sterling Infrastructure (NASDAQ:STRL) last released its earnings results on Monday, August 5th. The construction company reported $1.67 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $553.70 million. During the same quarter last year, the business posted $1.27 earnings per share. On average, analysts predict that Sterling Infrastructure, Inc. will post 5.66 EPS for the current fiscal 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.