Ellsworth Advisors LLC Sells 455 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Ellsworth Advisors LLC trimmed its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,678 shares of the construction company’s stock after selling 455 shares during the quarter. Ellsworth Advisors LLC’s holdings in Sterling Infrastructure were worth $1,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. State Street Corp grew its holdings in shares of Sterling Infrastructure by 0.7% in the third quarter. State Street Corp now owns 713,234 shares of the construction company’s stock worth $103,433,000 after purchasing an additional 5,106 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Sterling Infrastructure by 1,088.1% in the third quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock worth $51,561,000 after buying an additional 325,620 shares during the period. Algert Global LLC boosted its position in Sterling Infrastructure by 34.0% during the 3rd quarter. Algert Global LLC now owns 26,141 shares of the construction company’s stock valued at $3,791,000 after acquiring an additional 6,630 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Sterling Infrastructure during the 3rd quarter worth approximately $591,000. Finally, Stifel Financial Corp raised its position in shares of Sterling Infrastructure by 22.9% in the 3rd quarter. Stifel Financial Corp now owns 23,418 shares of the construction company’s stock worth $3,396,000 after acquiring an additional 4,359 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the completion of the sale, the director now owns 25,901 shares of the company’s stock, valued at approximately $4,555,726.89. The trade was a 7.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, William Blair started coverage on Sterling Infrastructure in a research report on Friday. They set an “outperform” rating for the company.

Sterling Infrastructure Price Performance

Shares of NASDAQ:STRL opened at $182.51 on Monday. The business has a fifty day moving average price of $181.83 and a 200-day moving average price of $148.94. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $5.61 billion, a PE ratio of 30.83, a PEG ratio of 1.69 and a beta of 1.26. Sterling Infrastructure, Inc. has a 1-year low of $69.61 and a 1-year high of $203.49.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.29. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. The business had revenue of $593.74 million for the quarter, compared to analysts’ expectations of $599.90 million. During the same period in the prior year, the firm posted $1.26 EPS. As a group, equities analysts expect that Sterling Infrastructure, Inc. will post 5.96 EPS for the current fiscal year.

Sterling Infrastructure 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.