Sterling Infrastructure, Inc. (NASDAQ:STRL) Stake Boosted by Captrust Financial Advisors

Captrust Financial Advisors grew its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 24.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 24,679 shares of the construction company’s stock after acquiring an additional 4,824 shares during the period. Captrust Financial Advisors’ holdings in Sterling Infrastructure were worth $3,579,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Chartwell Investment Partners LLC grew its holdings in shares of Sterling Infrastructure by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 8,958 shares of the construction company’s stock valued at $1,299,000 after acquiring an additional 70 shares in the last quarter. Xponance Inc. boosted its holdings in Sterling Infrastructure by 5.1% in the second quarter. Xponance Inc. now owns 1,914 shares of the construction company’s stock worth $227,000 after purchasing an additional 93 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Sterling Infrastructure by 45.2% in the third quarter. GAMMA Investing LLC now owns 302 shares of the construction company’s stock worth $44,000 after purchasing an additional 94 shares in the last quarter. EFG Asset Management North America Corp. boosted its holdings in Sterling Infrastructure by 0.5% in the second quarter. EFG Asset Management North America Corp. now owns 25,246 shares of the construction company’s stock worth $2,985,000 after purchasing an additional 120 shares in the last quarter. Finally, SummerHaven Investment Management LLC boosted its holdings in Sterling Infrastructure by 1.0% in the second quarter. SummerHaven Investment Management LLC now owns 13,006 shares of the construction company’s stock worth $1,539,000 after purchasing an additional 124 shares in the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Sterling Infrastructure Trading Up 1.7 %

Shares of NASDAQ:STRL opened at $198.82 on Thursday. The stock has a market capitalization of $6.11 billion, a PE ratio of 33.58, a P/E/G ratio of 2.17 and a beta of 1.22. Sterling Infrastructure, Inc. has a 1 year low of $63.49 and a 1 year high of $203.49. The firm has a fifty day moving average price of $169.27 and a 200 day moving average price of $136.17. 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 released its earnings results 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 firm had revenue of $593.74 million during the quarter, compared to analyst estimates of $599.90 million. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. During the same quarter in the previous year, the business earned $1.26 EPS. Analysts expect that Sterling Infrastructure, Inc. will post 5.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of the business’s stock in a transaction on 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 completion of the transaction, the executive vice president now owns 248,471 shares of the company’s stock, valued at $35,677,950.89. The trade was a 7.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.80% 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.