Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 58.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,824 shares of the construction company’s stock after buying an additional 47,734 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.42% of Sterling Infrastructure worth $18,682,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Robeco Schweiz AG bought a new position in Sterling Infrastructure during the second quarter worth $1,420,000. Csenge Advisory Group bought a new position in Sterling Infrastructure during the second quarter worth $2,048,000. Verus Capital Partners LLC lifted its stake in Sterling Infrastructure by 68.4% during the second quarter. Verus Capital Partners LLC now owns 21,850 shares of the construction company’s stock worth $2,586,000 after purchasing an additional 8,875 shares during the last quarter. SG Americas Securities LLC lifted its stake in Sterling Infrastructure by 270.2% during the second quarter. SG Americas Securities LLC now owns 36,338 shares of the construction company’s stock worth $4,300,000 after purchasing an additional 26,521 shares during the last quarter. Finally, Algert Global LLC lifted its stake 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 purchasing an additional 6,630 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insider Activity at Sterling Infrastructure

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of Sterling Infrastructure 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 sale, the executive vice president now directly owns 248,471 shares in the company, valued at $35,677,950.89. The trade was a 7.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.70% of the company’s stock.

Sterling Infrastructure Stock Performance

STRL stock opened at $194.45 on Monday. 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 stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 2.18 and a beta of 1.15. Sterling Infrastructure, Inc. has a 1 year low of $62.13 and a 1 year high of $203.49. The stock’s fifty day moving average is $166.30 and its two-hundred day moving average is $134.81.

Sterling Infrastructure (NASDAQ:STRL) last posted its earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.29. The company had revenue of $593.74 million for 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 business posted $1.26 earnings per share. On average, research analysts predict that Sterling Infrastructure, Inc. will post 5.96 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note on Sunday, September 15th.

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.