Wealth Alliance Advisory Group LLC Takes Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Wealth Alliance Advisory Group LLC bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,680 shares of the construction company’s stock, valued at approximately $244,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of STRL. Xponance Inc. raised its holdings in shares of 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 acquiring an additional 93 shares during the last quarter. GAMMA Investing LLC raised its stake in Sterling Infrastructure by 45.2% in the 3rd quarter. GAMMA Investing LLC now owns 302 shares of the construction company’s stock valued at $44,000 after purchasing an additional 94 shares during the last quarter. EFG Asset Management North America Corp. boosted its stake in shares of Sterling Infrastructure by 0.5% during the 2nd 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 during the last quarter. SummerHaven Investment Management LLC grew its holdings in shares of Sterling Infrastructure by 1.0% during the second quarter. SummerHaven Investment Management LLC now owns 13,006 shares of the construction company’s stock worth $1,539,000 after buying an additional 124 shares in the last quarter. Finally, Crewe Advisors LLC raised its position in shares of Sterling Infrastructure by 85.4% in the second quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock valued at $35,000 after buying an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other 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 sale, the executive vice president now directly owns 248,471 shares of the company’s stock, valued at $35,677,950.89. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is currently owned by insiders.

Sterling Infrastructure Stock Performance

NASDAQ STRL opened at $159.84 on Friday. The business’s 50-day moving average price is $131.52 and its 200 day moving average price is $120.37. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44. Sterling Infrastructure, Inc. has a twelve month low of $55.45 and a twelve month high of $170.50. The company has a market capitalization of $4.93 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 1.82 and a beta of 1.17.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Monday, August 5th. The construction company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $553.70 million. During the same quarter in the prior year, the company posted $1.27 EPS. On average, research analysts predict that Sterling Infrastructure, Inc. will post 5.66 earnings per share for the current year.

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.