Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Purchased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lifted its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,258 shares of the construction company’s stock after acquiring an additional 1,942 shares during the period. Stratos Wealth Partners LTD. owned 0.16% of Sterling Infrastructure worth $8,129,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in STRL. Chartwell Investment Partners LLC boosted its stake in 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 purchasing an additional 70 shares in the last quarter. GAMMA Investing LLC boosted its stake in Sterling Infrastructure by 45.2% during the third quarter. GAMMA Investing LLC now owns 302 shares of the construction company’s stock valued at $44,000 after buying an additional 94 shares in the last quarter. Willis Investment Counsel grew its holdings in Sterling Infrastructure by 1.4% during the fourth quarter. Willis Investment Counsel now owns 7,535 shares of the construction company’s stock worth $1,269,000 after acquiring an additional 101 shares during the period. Quarry LP grew its holdings in Sterling Infrastructure by 510.7% during the third quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $25,000 after acquiring an additional 143 shares during the period. Finally, Signaturefd LLC raised its position in Sterling Infrastructure by 119.3% in the third quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock worth $43,000 after acquiring an additional 161 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total transaction of $351,780.00. Following the sale, the director now directly owns 25,901 shares of the company’s stock, valued at $4,555,726.89. The trade was a 7.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.80% of the stock is owned by insiders.

Sterling Infrastructure Trading Up 3.5 %

Shares of NASDAQ STRL opened at $143.48 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure, Inc. has a 12 month low of $74.70 and a 12 month high of $206.07. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 24.24, a P/E/G ratio of 1.47 and a beta of 1.24. The business has a fifty day simple moving average of $173.97 and a 200-day simple moving average of $152.70.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.29. The company 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 period in the prior year, the firm earned $1.26 earnings per share. Sell-side analysts predict that Sterling Infrastructure, Inc. will post 5.98 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. William Blair initiated coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They set an “outperform” rating for the company. StockNews.com cut shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Thursday.

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.