Douglas Lane & Associates LLC Sells 424 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Douglas Lane & Associates LLC lowered its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 20.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,600 shares of the construction company’s stock after selling 424 shares during the period. Douglas Lane & Associates LLC’s holdings in Sterling Infrastructure were worth $270,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in STRL. Chartwell Investment Partners LLC raised its position in shares of Sterling Infrastructure by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 8,958 shares of the construction company’s stock worth $1,299,000 after purchasing an additional 70 shares during the period. Xponance Inc. increased its stake in Sterling Infrastructure by 5.1% during the 2nd quarter. Xponance Inc. now owns 1,914 shares of the construction company’s stock worth $227,000 after purchasing an additional 93 shares in the last quarter. GAMMA Investing LLC raised its holdings in Sterling Infrastructure by 45.2% during the 3rd quarter. GAMMA Investing LLC now owns 302 shares of the construction company’s stock worth $44,000 after buying an additional 94 shares during the period. Quarry LP lifted its stake in Sterling Infrastructure by 510.7% in the third quarter. Quarry LP now owns 171 shares of the construction company’s stock valued at $25,000 after buying an additional 143 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Sterling Infrastructure by 119.3% in the third quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock valued at $43,000 after buying an additional 161 shares during the period. 80.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered 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 related news, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total value of $351,780.00. Following the sale, the director now owns 25,901 shares of the company’s stock, valued at approximately $4,555,726.89. The trade was a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.70% of the company’s stock.

Sterling Infrastructure Stock Down 0.3 %

NASDAQ:STRL opened at $167.05 on Thursday. The stock has a 50-day simple moving average of $180.71 and a 200 day simple moving average of $145.88. Sterling Infrastructure, Inc. has a 52-week low of $69.61 and a 52-week high of $203.49. The company has a market cap of $5.13 billion, a PE ratio of 28.22, a PEG ratio of 2.02 and a beta of 1.26. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

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

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.