Perpetual Ltd Has $737,000 Stock Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Perpetual Ltd boosted its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 31.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,375 shares of the construction company’s stock after buying an additional 1,054 shares during the quarter. Perpetual Ltd’s holdings in Sterling Infrastructure were worth $737,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Quarry LP boosted its position in Sterling Infrastructure by 510.7% during the third quarter. Quarry LP now owns 171 shares of the construction company’s stock valued at $25,000 after purchasing an additional 143 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Sterling Infrastructure during the 3rd quarter worth about $26,000. Huntington National Bank lifted its holdings in shares of Sterling Infrastructure by 21,300.0% during the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company’s stock valued at $31,000 after buying an additional 213 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Sterling Infrastructure by 119.3% during the 3rd quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock valued at $43,000 after buying an additional 161 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Sterling Infrastructure in the 3rd quarter valued at approximately $44,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, William Blair started coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating for the company.

Sterling Infrastructure Trading Up 2.0 %

Shares of NASDAQ:STRL opened at $200.56 on Thursday. Sterling Infrastructure, Inc. has a 1 year low of $69.61 and a 1 year high of $206.07. The firm has a fifty day moving average price of $181.96 and a 200 day moving average price of $150.35. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $6.16 billion, a PE ratio of 33.88, a P/E/G ratio of 1.88 and a beta of 1.26.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.29. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. The company had revenue of $593.74 million during the quarter, compared to the consensus estimate of $599.90 million. During the same quarter in the prior year, the company posted $1.26 EPS. Analysts expect that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

Insider Buying and Selling at Sterling Infrastructure

In related news, Director Dana C. O’brien sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total transaction of $351,780.00. Following the completion of the sale, the director now directly owns 25,901 shares of the company’s stock, valued at approximately $4,555,726.89. This represents a 7.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

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.