Creative Planning Acquires 1,634 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Creative Planning raised its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 53.5% in the third quarter, HoldingsChannel.com reports. The firm owned 4,687 shares of the construction company’s stock after buying an additional 1,634 shares during the period. Creative Planning’s holdings in Sterling Infrastructure were worth $680,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB increased its stake in Sterling Infrastructure by 47.1% during the 1st quarter. Nordea Investment Management AB now owns 50,420 shares of the construction company’s stock valued at $5,651,000 after purchasing an additional 16,142 shares in the last quarter. Inspire Investing LLC purchased a new position in Sterling Infrastructure during the 1st quarter worth $449,000. Robeco Schweiz AG purchased a new position in Sterling Infrastructure during the 2nd quarter worth $1,420,000. Mutual of America Capital Management LLC purchased a new position in Sterling Infrastructure during the 1st quarter worth $4,308,000. Finally, Virtu Financial LLC purchased a new position in Sterling Infrastructure during the 1st quarter worth $1,138,000. Institutional investors own 80.95% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling at Sterling Infrastructure

In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 248,471 shares of the company’s stock, valued at $35,677,950.89. This 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 is available through this link. Insiders own 3.70% of the company’s stock.

Sterling Infrastructure Price Performance

Shares of NASDAQ:STRL opened at $153.66 on Monday. The company’s 50-day moving average is $140.18 and its 200 day moving average is $124.10. 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 company has a market capitalization of $4.72 billion, a P/E ratio of 29.49, a price-to-earnings-growth ratio of 1.82 and a beta of 1.15. Sterling Infrastructure, Inc. has a fifty-two week low of $55.45 and a fifty-two week high of $170.50.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings results on Monday, August 5th. The construction company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.24. The company had revenue of $582.82 million for the quarter, compared to the consensus estimate 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 EPS. On average, equities research analysts forecast 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.