Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Bought by Cerity Partners LLC

Cerity Partners LLC lifted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 62.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,184 shares of the construction company’s stock after purchasing an additional 1,988 shares during the quarter. Cerity Partners LLC’s holdings in Sterling Infrastructure were worth $752,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new stake in shares of Sterling Infrastructure in the 3rd quarter worth approximately $26,000. Huntington National Bank grew its holdings in Sterling Infrastructure by 21,300.0% in the third quarter. Huntington National Bank now owns 214 shares of the construction company’s stock valued at $31,000 after purchasing an additional 213 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in Sterling Infrastructure during the second quarter worth about $30,000. Nisa Investment Advisors LLC lifted its holdings in shares of Sterling Infrastructure by 391.1% in the second quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock valued at $33,000 after purchasing an additional 219 shares in the last quarter. Finally, Crewe Advisors LLC grew its holdings in Sterling Infrastructure by 85.4% during the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock valued at $35,000 after buying an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Trading Down 2.1 %

STRL stock opened at $194.66 on Friday. The business has a fifty day simple moving average of $170.24 and a 200-day simple moving average of $136.58. Sterling Infrastructure, Inc. has a 52 week low of $66.14 and a 52 week high of $203.49. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The company has a market cap of $5.98 billion, a price-to-earnings ratio of 32.88, a PEG ratio of 2.19 and a beta of 1.22.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.29. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. The firm had revenue of $593.74 million during the quarter, compared to analysts’ expectations of $599.90 million. During the same period in the prior year, the company earned $1.26 EPS. On average, equities research analysts expect that Sterling Infrastructure, Inc. will post 5.96 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note 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 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 $35,677,950.89. This trade represents a 7.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is currently owned by corporate insiders.

Sterling Infrastructure Company 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.