CWC Advisors LLC. Invests $412,000 in Sterling Infrastructure, Inc. (NASDAQ:STRL)

CWC Advisors LLC. acquired a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the third quarter, HoldingsChannel reports. The fund acquired 2,838 shares of the construction company’s stock, valued at approximately $412,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. purchased a new stake in Sterling Infrastructure during the second quarter worth about $30,000. Nisa Investment Advisors LLC boosted its holdings in Sterling Infrastructure by 391.1% during the second quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock worth $33,000 after buying an additional 219 shares in the last quarter. Crewe Advisors LLC boosted its holdings in Sterling Infrastructure by 85.4% during 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. Signaturefd LLC boosted its holdings in Sterling Infrastructure by 119.3% during the third quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock worth $43,000 after buying an additional 161 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Sterling Infrastructure during the third quarter worth about $44,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Down 1.8 %

Shares of NASDAQ STRL opened at $150.66 on Friday. Sterling Infrastructure, Inc. has a 12-month low of $55.45 and a 12-month high of $170.50. The company has a market capitalization of $4.63 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 1.89 and a beta of 1.17. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.24 and a quick ratio of 1.24. The firm’s 50-day moving average is $136.21 and its two-hundred day moving average is $122.03.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Monday, August 5th. The construction company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.24. Sterling Infrastructure had a net margin of 7.85% and a return on equity of 25.64%. The company had revenue of $582.82 million for the quarter, compared to the consensus estimate of $553.70 million. During the same quarter in the prior year, the firm earned $1.27 earnings per share. Equities analysts anticipate that Sterling Infrastructure, Inc. will post 5.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling 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 value of $2,685,133.00. Following the sale, the executive vice president now 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.70% of the company’s stock.

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.