Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Purchased by Atria Investments Inc

Atria Investments Inc raised its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 10.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,594 shares of the construction company’s stock after acquiring an additional 636 shares during the quarter. Atria Investments Inc’s holdings in Sterling Infrastructure were worth $956,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Sterling Infrastructure by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,887,792 shares of the construction company’s stock worth $208,242,000 after purchasing an additional 8,851 shares in the last quarter. Congress Asset Management Co. increased its holdings in shares of Sterling Infrastructure by 19.1% in the third quarter. Congress Asset Management Co. now owns 647,924 shares of the construction company’s stock valued at $93,962,000 after buying an additional 104,096 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Sterling Infrastructure by 19.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 617,901 shares of the construction company’s stock valued at $89,608,000 after acquiring an additional 102,101 shares during the last quarter. Driehaus Capital Management LLC boosted its stake in shares of Sterling Infrastructure by 11.4% during the 2nd quarter. Driehaus Capital Management LLC now owns 533,606 shares of the construction company’s stock worth $63,147,000 after acquiring an additional 54,727 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Sterling Infrastructure by 1,088.1% in the 3rd quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock worth $51,561,000 after acquiring an additional 325,620 shares during the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were 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 owns 248,471 shares in the company, valued at $35,677,950.89. This represents a 7.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.70% of the company’s stock.

Sterling Infrastructure Stock Performance

Sterling Infrastructure stock opened at $180.03 on Monday. Sterling Infrastructure, Inc. has a fifty-two week low of $62.13 and a fifty-two week high of $201.27. The firm’s 50 day simple moving average is $153.02 and its 200-day simple moving average is $129.37. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.24. The company has a market cap of $5.53 billion, a P/E ratio of 30.41, a price-to-earnings-growth ratio of 2.01 and a beta of 1.15.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.29. The firm had revenue of $593.74 million for the quarter, compared to analysts’ expectations of $599.90 million. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. During the same period in the previous year, the company posted $1.26 EPS. As a group, equities research analysts predict that Sterling Infrastructure, Inc. will post 5.96 EPS for the current year.

Analyst Ratings Changes

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.