Point72 Asset Management L.P. Grows Stock Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Point72 Asset Management L.P. lifted its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 0.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 207,449 shares of the construction company’s stock after buying an additional 1,554 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.67% of Sterling Infrastructure worth $24,550,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. purchased a new stake in Sterling Infrastructure in the 2nd quarter worth $30,000. Nisa Investment Advisors LLC lifted its stake in Sterling Infrastructure by 391.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock worth $33,000 after purchasing an additional 219 shares in the last quarter. Crewe Advisors LLC lifted its stake in Sterling Infrastructure by 85.4% in 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 in the last quarter. Family Firm Inc. purchased a new stake in Sterling Infrastructure in the 2nd quarter worth $38,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Sterling Infrastructure in the 2nd quarter worth $40,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut 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 company’s stock in a transaction that occurred on Thursday, September 19th. The stock was 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 directly owns 248,471 shares in the company, valued at $35,677,950.89. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.70% of the company’s stock.

Sterling Infrastructure Trading Down 0.1 %

STRL opened at $145.84 on Friday. The stock has a 50-day moving average of $118.28 and a 200 day moving average of $115.54. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44. Sterling Infrastructure, Inc. has a 12 month low of $55.45 and a 12 month high of $152.00. The firm has a market cap of $4.50 billion, a P/E ratio of 30.32, a P/E/G ratio of 1.76 and a beta of 1.16.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data on Monday, August 5th. The construction company reported $1.67 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $553.70 million. During the same period in the prior year, the business posted $1.27 earnings per share. As a group, research analysts forecast that Sterling Infrastructure, Inc. will post 5.66 EPS for the current year.

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.