Little House Capital LLC Invests $1.10 Million in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Little House Capital LLC acquired a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,555 shares of the construction company’s stock, valued at approximately $1,096,000.

Several other institutional investors also recently bought and sold shares of STRL. Wellington Management Group LLP boosted its holdings in shares of Sterling Infrastructure by 24.7% during the 4th quarter. Wellington Management Group LLP now owns 78,236 shares of the construction company’s stock valued at $6,879,000 after acquiring an additional 15,510 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Sterling Infrastructure by 9.1% during the fourth quarter. Vanguard Group Inc. now owns 1,878,941 shares of the construction company’s stock valued at $165,215,000 after buying an additional 156,225 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Sterling Infrastructure by 60.4% in the first quarter. Los Angeles Capital Management LLC now owns 13,787 shares of the construction company’s stock valued at $1,521,000 after purchasing an additional 5,193 shares in the last quarter. Douglas Lane & Associates LLC purchased a new position in shares of Sterling Infrastructure in the first quarter valued at $223,000. Finally, Ausbil Investment Management Ltd grew its holdings in shares of Sterling Infrastructure by 17.2% in the first quarter. Ausbil Investment Management Ltd now owns 31,398 shares of the construction company’s stock valued at $3,448,000 after purchasing an additional 4,617 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Trading Up 3.6 %

NASDAQ STRL traded up $5.73 on Monday, hitting $165.57. 251,072 shares of the stock were exchanged, compared to its average volume of 347,052. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a fifty day moving average price of $131.52 and a two-hundred day moving average price of $120.46. The firm has a market capitalization of $5.11 billion, a P/E ratio of 33.99, a P/E/G ratio of 1.82 and a beta of 1.17. Sterling Infrastructure, Inc. has a 52-week low of $55.45 and a 52-week high of $170.50.

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

Wall Street Analyst Weigh In

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

Insider Transactions at Sterling Infrastructure

In other news, EVP Ronald A. Ballschmiede sold 18,700 shares of Sterling Infrastructure stock in a transaction on Thursday, September 19th. The stock was 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 in the company, valued at approximately $35,677,950.89. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.