1,501 Shares in Sterling Infrastructure, Inc. (NASDAQ:STRL) Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,501 shares of the construction company’s stock, valued at approximately $253,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STRL. Quarry LP grew its holdings in shares of Sterling Infrastructure by 510.7% in the third quarter. Quarry LP now owns 171 shares of the construction company’s stock valued at $25,000 after acquiring an additional 143 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Sterling Infrastructure in the third quarter worth $26,000. Huntington National Bank grew its stake in Sterling Infrastructure by 21,300.0% in the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company’s stock valued at $31,000 after purchasing an additional 213 shares during the period. Signaturefd LLC increased its position in shares of Sterling Infrastructure by 119.3% during the 3rd quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock valued at $43,000 after purchasing an additional 161 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Sterling Infrastructure during the 3rd quarter worth $44,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Price Performance

Sterling Infrastructure stock opened at $187.30 on Friday. The business’s 50 day simple moving average is $182.39 and its 200 day simple moving average is $151.46. Sterling Infrastructure, Inc. has a 12 month low of $72.56 and a 12 month high of $206.07. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 2.07 and a beta of 1.26. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.29. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. The firm had revenue of $593.74 million for the quarter, compared to analysts’ expectations of $599.90 million. During the same quarter in the prior year, the firm earned $1.26 EPS. Sell-side analysts forecast that Sterling Infrastructure, Inc. will post 5.98 EPS for the current year.

Analysts Set New Price Targets

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

Insider Transactions at Sterling Infrastructure

In related news, Director Dana C. O’brien sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total transaction 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. The trade was a 7.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

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.