Aprio Wealth Management LLC Makes New Investment in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Aprio Wealth Management LLC bought a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,000 shares of the construction company’s stock, valued at approximately $435,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Sterling Infrastructure by 60.6% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 53,000 shares of the construction company’s stock worth $4,660,000 after purchasing an additional 20,000 shares in the last quarter. Nordea Investment Management AB increased its holdings in Sterling Infrastructure by 47.1% in the 1st quarter. Nordea Investment Management AB now owns 50,420 shares of the construction company’s stock worth $5,651,000 after purchasing an additional 16,142 shares in the last quarter. Inspire Investing LLC acquired a new position in Sterling Infrastructure in the 1st quarter worth about $449,000. Principal Financial Group Inc. increased its stake in shares of Sterling Infrastructure by 49.8% in the first quarter. Principal Financial Group Inc. now owns 26,038 shares of the construction company’s stock valued at $2,872,000 after buying an additional 8,657 shares during the period. Finally, Robeco Schweiz AG acquired a new stake in shares of Sterling Infrastructure in the second quarter valued at about $1,420,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Stock Down 0.3 %

Shares of NASDAQ:STRL opened at $147.54 on Tuesday. The business’s 50 day simple moving average is $122.35 and its two-hundred day simple moving average is $117.43. The firm has a market cap of $4.55 billion, a P/E ratio of 30.67, a PEG ratio of 1.76 and a beta of 1.17. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24. Sterling Infrastructure, Inc. has a 52-week low of $55.45 and a 52-week high of $152.00.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data on Monday, August 5th. The construction company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.43 by $0.24. The firm had revenue of $582.82 million during the quarter, compared to the consensus estimate of $553.70 million. Sterling Infrastructure had a return on equity of 25.64% and a net margin of 7.85%. During the same period in the prior year, the business posted $1.27 earnings per share. As a group, research analysts forecast that Sterling Infrastructure, Inc. will post 5.66 EPS for the current fiscal year.

Analyst Ratings Changes

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 news, EVP Ronald A. Ballschmiede sold 18,700 shares of the 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 sale, the executive vice president now directly owns 248,471 shares of the company’s stock, valued at $35,677,950.89. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.70% of the company’s stock.

Sterling Infrastructure 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.