Charles Schwab Investment Management Inc. Buys 504 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Charles Schwab Investment Management Inc. increased its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 0.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 342,922 shares of the construction company’s stock after purchasing an additional 504 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Sterling Infrastructure were worth $49,731,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in STRL. Allspring Global Investments Holdings LLC boosted its stake in shares of Sterling Infrastructure by 691.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 515,800 shares of the construction company’s stock worth $61,040,000 after buying an additional 450,620 shares during the last quarter. Principal Financial Group Inc. boosted its position 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 purchasing an additional 325,620 shares during the last quarter. F M Investments LLC purchased a new position in Sterling Infrastructure in the second quarter worth about $18,379,000. International Assets Investment Management LLC grew its stake in shares of Sterling Infrastructure by 14,112.0% during the 3rd quarter. International Assets Investment Management LLC now owns 142,120 shares of the construction company’s stock valued at $20,610,000 after purchasing an additional 141,120 shares during the period. Finally, Congress Asset Management Co. increased its position in shares of Sterling Infrastructure by 19.1% during the 3rd quarter. Congress Asset Management Co. now owns 647,924 shares of the construction company’s stock valued at $93,962,000 after purchasing an additional 104,096 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

Shares of NASDAQ STRL opened at $194.45 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. Sterling Infrastructure, Inc. has a 1 year low of $62.13 and a 1 year high of $203.49. The firm has a fifty day moving average price of $166.30 and a 200-day moving average price of $134.82. The stock has a market cap of $5.97 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 2.19 and a beta of 1.15.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $599.90 million. During the same quarter in the prior year, the business posted $1.26 EPS. Equities analysts anticipate that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of the firm’s stock in a transaction on 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 completion of 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 7.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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.