Signaturefd LLC Increases Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Signaturefd LLC grew its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 119.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 296 shares of the construction company’s stock after buying an additional 161 shares during the period. Signaturefd LLC’s holdings in Sterling Infrastructure were worth $43,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of STRL. Allspring Global Investments Holdings LLC grew its position in Sterling Infrastructure by 691.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 515,800 shares of the construction company’s stock valued at $61,040,000 after purchasing an additional 450,620 shares during the last quarter. Vanguard Group Inc. raised its holdings in Sterling Infrastructure by 9.1% in the 4th quarter. Vanguard Group Inc. now owns 1,878,941 shares of the construction company’s stock worth $165,215,000 after acquiring an additional 156,225 shares during the last quarter. F M Investments LLC bought a new position in Sterling Infrastructure in the 2nd quarter valued at approximately $18,379,000. Sei Investments Co. boosted its stake in Sterling Infrastructure by 190.0% during the 2nd quarter. Sei Investments Co. now owns 89,573 shares of the construction company’s stock valued at $10,600,000 after purchasing an additional 58,682 shares during the last quarter. Finally, Baker Ellis Asset Management LLC bought a new stake in shares of Sterling Infrastructure in the 2nd quarter worth $6,768,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Stock Performance

Shares of STRL stock opened at $153.47 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average price of $137.88 and a 200-day moving average price of $122.96. Sterling Infrastructure, Inc. has a 52 week low of $55.45 and a 52 week high of $170.50. The firm has a market capitalization of $4.74 billion, a PE ratio of 31.91, a P/E/G ratio of 1.89 and a beta of 1.17.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results 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. The business had revenue of $582.82 million during the quarter, compared to analyst estimates of $553.70 million. Sterling Infrastructure had a net margin of 7.85% and a return on equity of 25.64%. During the same period in the previous year, the business earned $1.27 EPS. As a group, equities research analysts expect that Sterling Infrastructure, Inc. will post 5.66 earnings per share for the current year.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $143.59, for a total value of $2,685,133.00. Following the transaction, the executive vice president now directly owns 248,471 shares of the company’s stock, valued at approximately $35,677,950.89. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Sunday, September 15th.

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.