Public Employees Retirement Association of Colorado Reduces Stock Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Public Employees Retirement Association of Colorado trimmed its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 11.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,711 shares of the construction company’s stock after selling 475 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Sterling Infrastructure were worth $439,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Hantz Financial Services Inc. acquired a new position in Sterling Infrastructure in the second quarter valued at approximately $30,000. Nisa Investment Advisors LLC lifted its stake in shares of Sterling Infrastructure by 391.1% in the 2nd 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 during the last quarter. Crewe Advisors LLC grew its holdings in shares of Sterling Infrastructure by 85.4% during the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock worth $35,000 after purchasing an additional 135 shares during the period. Family Firm Inc. acquired a new stake in shares of Sterling Infrastructure during the 2nd quarter worth about $38,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Sterling Infrastructure in the 2nd quarter valued at about $40,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analysts Set New Price Targets

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

Sterling Infrastructure Stock Down 0.1 %

Sterling Infrastructure stock opened at $145.84 on Friday. The company has a market capitalization of $4.50 billion, a PE ratio of 30.32, a price-to-earnings-growth ratio of 1.76 and a beta of 1.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24. Sterling Infrastructure, Inc. has a fifty-two week low of $55.45 and a fifty-two week high of $152.00. The firm has a 50 day moving average price of $118.28 and a 200 day moving average price of $115.54.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data on Monday, August 5th. The construction company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.24. Sterling Infrastructure had a return on equity of 25.64% and a net margin of 7.85%. The business had revenue of $582.82 million during the quarter, compared to analysts’ expectations of $553.70 million. During the same period in the previous year, the firm posted $1.27 earnings per share. Research analysts expect that Sterling Infrastructure, Inc. will post 5.66 earnings per share for the current year.

Insider Buying and Selling at Sterling Infrastructure

In other news, EVP Ronald A. Ballschmiede sold 18,700 shares of the 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 owns 248,471 shares of the company’s stock, valued at $35,677,950.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

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.