Mutual Advisors LLC Acquires Shares of 1,733 Sterling Infrastructure, Inc. (NASDAQ:STRL)

Mutual Advisors LLC bought a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,733 shares of the construction company’s stock, valued at approximately $309,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. State Street Corp boosted its stake in Sterling Infrastructure by 0.7% during the 3rd quarter. State Street Corp now owns 713,234 shares of the construction company’s stock worth $103,433,000 after purchasing an additional 5,106 shares during the last quarter. Park Avenue Securities LLC purchased a new position in shares of Sterling Infrastructure in the fourth quarter worth about $253,000. Principal Financial Group Inc. lifted its stake in shares of Sterling Infrastructure by 1,088.1% in the third quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock worth $51,561,000 after buying an additional 325,620 shares in the last quarter. Algert Global LLC boosted its position in Sterling Infrastructure by 34.0% during the third quarter. Algert Global LLC now owns 26,141 shares of the construction company’s stock worth $3,791,000 after acquiring an additional 6,630 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Sterling Infrastructure in the 3rd quarter valued at about $591,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insider Activity

In related news, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the transaction, the director now directly owns 25,901 shares in the company, valued at $4,555,726.89. This trade represents a 7.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, William Blair initiated coverage on Sterling Infrastructure in a research note on Friday, January 17th. They set an “outperform” rating on the stock.

Sterling Infrastructure Trading Down 2.3 %

NASDAQ STRL opened at $139.68 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 2.07 and a beta of 1.26. The firm has a 50 day simple moving average of $180.47 and a 200-day simple moving average of $152.03. Sterling Infrastructure, Inc. has a one year low of $74.44 and a one year high of $206.07.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, topping 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 business had revenue of $593.74 million during the quarter, compared to the consensus estimate of $599.90 million. During the same period in the previous year, the company posted $1.26 earnings per share. Equities research analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 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.