Sterling Infrastructure, Inc. (NASDAQ:STRL) Position Reduced by Cwm LLC

Cwm LLC trimmed its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 14.5% during the third quarter, HoldingsChannel reports. The fund owned 2,761 shares of the construction company’s stock after selling 469 shares during the quarter. Cwm LLC’s holdings in Sterling Infrastructure were worth $400,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Nordea Investment Management AB lifted its position in shares of Sterling Infrastructure by 47.1% in the 1st quarter. Nordea Investment Management AB now owns 50,420 shares of the construction company’s stock worth $5,651,000 after buying an additional 16,142 shares during the last quarter. Inspire Investing LLC bought a new position in shares of Sterling Infrastructure in the 1st quarter worth about $449,000. Principal Financial Group Inc. lifted its position in shares of Sterling Infrastructure by 49.8% in the 1st quarter. Principal Financial Group Inc. now owns 26,038 shares of the construction company’s stock worth $2,872,000 after buying an additional 8,657 shares during the last quarter. Robeco Schweiz AG bought a new position in shares of Sterling Infrastructure in the 2nd quarter worth about $1,420,000. Finally, Hennessy Advisors Inc. lifted its position in shares of Sterling Infrastructure by 20.4% in the 1st quarter. Hennessy Advisors Inc. now owns 440,200 shares of the construction company’s stock worth $48,558,000 after buying an additional 74,500 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Sterling Infrastructure Trading Down 3.4 %

Sterling Infrastructure stock opened at $159.84 on Monday. The firm has a 50-day moving average price of $131.52 and a two-hundred day moving average price of $120.46. Sterling Infrastructure, Inc. has a 52-week low of $55.45 and a 52-week high of $170.50. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 1.82 and a beta of 1.17. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.44.

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

Insider Transactions at Sterling Infrastructure

In other news, EVP Ronald A. Ballschmiede sold 18,700 shares of the firm’s 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 transaction, the executive vice president now directly owns 248,471 shares of the company’s stock, valued at approximately $35,677,950.89. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.70% of the company’s stock.

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.