Sanctuary Advisors LLC Buys Shares of 3,367 Sterling Infrastructure, Inc. (NASDAQ:STRL)

Sanctuary Advisors LLC bought a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,367 shares of the construction company’s stock, valued at approximately $488,000.

A number of other large investors have also recently made changes to their positions in STRL. Raymond James & Associates boosted its stake in Sterling Infrastructure by 8.4% in the 2nd quarter. Raymond James & Associates now owns 39,324 shares of the construction company’s stock worth $4,654,000 after purchasing an additional 3,059 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Sterling Infrastructure by 14.6% in the second quarter. Bank of New York Mellon Corp now owns 125,048 shares of the construction company’s stock worth $14,798,000 after buying an additional 15,949 shares during the period. Harbour Investments Inc. increased its stake in Sterling Infrastructure by 232.2% in the 2nd quarter. Harbour Investments Inc. now owns 5,757 shares of the construction company’s stock worth $681,000 after purchasing an additional 4,024 shares during the period. Panagora Asset Management Inc. increased its stake in shares of Sterling Infrastructure by 19.8% in the second quarter. Panagora Asset Management Inc. now owns 61,458 shares of the construction company’s stock worth $7,273,000 after buying an additional 10,163 shares during the period. Finally, Crewe Advisors LLC raised its stake in shares of Sterling Infrastructure by 85.4% during the second quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock valued at $35,000 after acquiring an additional 135 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total transaction of $351,780.00. Following the completion of the transaction, the director now owns 25,901 shares in the company, valued at approximately $4,555,726.89. The trade was a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.70% of the stock is currently owned by company insiders.

Sterling Infrastructure Trading Down 0.0 %

Shares of STRL opened at $174.89 on Thursday. Sterling Infrastructure, Inc. has a 1-year low of $69.61 and a 1-year high of $203.49. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The firm’s 50-day moving average price is $177.98 and its 200-day moving average price is $142.07. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 2.11 and a beta of 1.22.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data 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 the consensus estimate of $599.90 million. During the same quarter in the prior year, the company earned $1.26 earnings per share. Sell-side analysts anticipate that Sterling Infrastructure, Inc. will post 5.96 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Sterling Infrastructure from a “buy” rating to a “hold” rating in a research 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.