Diversify Advisory Services LLC Purchases Shares of 1,914 Sterling Infrastructure, Inc. (NASDAQ:STRL)

Diversify Advisory Services LLC purchased a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRLFree Report) during the third quarter, HoldingsChannel.com reports. The fund purchased 1,914 shares of the construction company’s stock, valued at approximately $307,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of STRL. Hantz Financial Services Inc. bought a new stake in Sterling Infrastructure in the 2nd quarter valued at $30,000. Nisa Investment Advisors LLC boosted its holdings 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 worth $33,000 after purchasing an additional 219 shares during the period. Crewe Advisors LLC boosted its holdings in shares of 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 during the period. Family Firm Inc. purchased a new position in shares of Sterling Infrastructure in the 2nd quarter worth approximately $38,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Sterling Infrastructure in the 2nd quarter worth approximately $40,000. 80.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of the firm’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 completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is owned by corporate insiders.

Sterling Infrastructure Price Performance

Shares of Sterling Infrastructure stock opened at $154.45 on Friday. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of 29.64, a price-to-earnings-growth ratio of 1.89 and a beta of 1.17. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a 50 day moving average price of $138.65 and a 200-day moving average price of $123.18. Sterling Infrastructure, Inc. has a one year low of $55.45 and a one year high of $170.50.

Sterling Infrastructure (NASDAQ:STRLGet Free Report) last announced its earnings results on Monday, August 5th. The construction company reported $1.67 EPS for the quarter, topping 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 firm had revenue of $582.82 million during the quarter, compared to analysts’ expectations of $553.70 million. During the same quarter in the previous year, the business earned $1.27 EPS. Equities analysts expect that Sterling Infrastructure, Inc. will post 5.66 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Report on STRL

About Sterling Infrastructure

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding STRL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sterling Infrastructure, Inc. (NASDAQ:STRLFree Report).

Institutional Ownership by Quarter for Sterling Infrastructure (NASDAQ:STRL)

Receive News & Ratings for Sterling Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sterling Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.