Huntington National Bank Acquires 213 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Huntington National Bank raised its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 21,300.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 214 shares of the construction company’s stock after buying an additional 213 shares during the period. Huntington National Bank’s holdings in Sterling Infrastructure were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in Sterling Infrastructure during the third quarter worth $26,000. Hantz Financial Services Inc. purchased a new position in Sterling Infrastructure during the 2nd quarter worth $30,000. Nisa Investment Advisors LLC grew its stake 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 acquiring an additional 219 shares in the last quarter. Crewe Advisors LLC grew 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 worth $35,000 after acquiring an additional 135 shares in the last quarter. Finally, Family Firm Inc. purchased a new stake in shares of Sterling Infrastructure in the second quarter valued at about $38,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Sterling Infrastructure

In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 248,471 shares in the company, valued at $35,677,950.89. The trade was a 7.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sterling Infrastructure Stock Performance

Shares of Sterling Infrastructure stock opened at $192.97 on Wednesday. The business’s fifty day simple moving average is $154.54 and its 200 day simple moving average is $130.18. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure, Inc. has a 12 month low of $62.13 and a 12 month high of $201.27. The firm has a market capitalization of $5.93 billion, a P/E ratio of 32.60, a price-to-earnings-growth ratio of 2.01 and a beta of 1.15.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.29. The company 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 27.52%. During the same period in the previous year, the firm earned $1.26 EPS. As a group, analysts anticipate that Sterling Infrastructure, Inc. will post 5.96 EPS for the current 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.