Dynamic Technology Lab Private Ltd Takes Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Dynamic Technology Lab Private Ltd purchased a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,073 shares of the construction company’s stock, valued at approximately $591,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital Performance Advisors LLP purchased a new position in shares of Sterling Infrastructure in the third quarter worth approximately $26,000. Hantz Financial Services Inc. acquired a new position in Sterling Infrastructure in the 2nd quarter worth approximately $30,000. Huntington National Bank grew its position in Sterling Infrastructure by 21,300.0% during the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company’s stock worth $31,000 after purchasing an additional 213 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Sterling Infrastructure by 391.1% during 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 period. Finally, Crewe Advisors LLC lifted its holdings in shares of Sterling Infrastructure by 85.4% in the second quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock valued at $35,000 after purchasing an additional 135 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of the business’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 value of $2,685,133.00. Following the completion of the sale, the executive vice president now directly owns 248,471 shares in the company, valued at approximately $35,677,950.89. The trade was a 7.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

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

Sterling Infrastructure Stock Performance

Shares of NASDAQ STRL opened at $195.41 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. Sterling Infrastructure, Inc. has a one year low of $62.13 and a one year high of $203.49. The business’s 50-day moving average price is $165.38 and its two-hundred day moving average price is $134.30. The company has a market capitalization of $6.00 billion, a P/E ratio of 33.01, a price-to-earnings-growth ratio of 2.20 and a beta of 1.15.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.29. The firm had revenue of $593.74 million for the quarter, compared to analyst estimates of $599.90 million. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. During the same quarter last year, the firm earned $1.26 earnings per share. Analysts anticipate that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current fiscal 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.