Janney Montgomery Scott LLC Has $2.12 Million Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Janney Montgomery Scott LLC decreased its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 15.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,636 shares of the construction company’s stock after selling 2,741 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Sterling Infrastructure were worth $2,123,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Hantz Financial Services Inc. acquired a new stake in Sterling Infrastructure during the second quarter worth approximately $30,000. Nisa Investment Advisors LLC grew its position in shares of Sterling Infrastructure by 391.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock worth $33,000 after buying an additional 219 shares during the period. Crewe Advisors LLC increased its stake 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 valued at $35,000 after acquiring an additional 135 shares in the last quarter. Family Firm Inc. acquired a new position in shares of Sterling Infrastructure during the 2nd quarter valued at $38,000. Finally, Opal Wealth Advisors LLC bought a new position in Sterling Infrastructure during the second quarter worth $40,000. Institutional investors own 80.95% of the company’s stock.

Insider Buying and Selling

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 transaction of $2,685,133.00. Following the sale, the executive vice president now owns 248,471 shares in the company, valued at $35,677,950.89. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

Sterling Infrastructure Price Performance

Shares of NASDAQ:STRL opened at $191.50 on Wednesday. The company has a market capitalization of $5.89 billion, a P/E ratio of 32.35, a price-to-earnings-growth ratio of 2.18 and a beta of 1.15. The company’s 50-day moving average is $148.59 and its 200 day moving average is $127.87. 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 $62.13 and a fifty-two week high of $201.27.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.68 by $0.29. The business had revenue of $593.74 million for the quarter, compared to the consensus estimate of $599.90 million. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 28.35%. During the same period in the prior year, the firm earned $1.26 earnings per share. On average, equities research analysts forecast that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current year.

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.