Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by US Bancorp DE

US Bancorp DE lessened its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 72.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 635 shares of the construction company’s stock after selling 1,695 shares during the quarter. US Bancorp DE’s holdings in Sterling Infrastructure were worth $92,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Hantz Financial Services Inc. purchased a new stake in Sterling Infrastructure in the second quarter valued at $30,000. Nisa Investment Advisors LLC boosted its position in shares of Sterling Infrastructure by 391.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock valued at $33,000 after purchasing an additional 219 shares during the period. Crewe Advisors LLC grew its stake in Sterling Infrastructure by 85.4% during the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock worth $35,000 after buying an additional 135 shares during the last quarter. Family Firm Inc. acquired a new position in Sterling Infrastructure during the second quarter worth approximately $38,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Sterling Infrastructure in the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analyst Ratings Changes

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

Sterling Infrastructure Trading Down 1.3 %

NASDAQ STRL opened at $180.03 on Friday. The firm’s fifty day moving average is $153.02 and its two-hundred day moving average is $129.37. Sterling Infrastructure, Inc. has a one year low of $62.13 and a one year high of $201.27. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.24 and a current ratio of 1.29. The firm has a market cap of $5.53 billion, a PE ratio of 30.41, a P/E/G ratio of 2.09 and a beta of 1.15.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.29. The company had revenue of $593.74 million during the quarter, compared to analysts’ expectations 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 last year, the firm earned $1.26 EPS. Analysts expect that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current year.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of the company’s 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 transaction, the executive vice president now directly owns 248,471 shares in the company, valued at approximately $35,677,950.89. This represents a 7.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.70% of the stock is owned by insiders.

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.