Intech Investment Management LLC Purchases Shares of 10,430 Sterling Infrastructure, Inc. (NASDAQ:STRL)

Intech Investment Management LLC bought a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the third quarter, HoldingsChannel.com reports. The fund bought 10,430 shares of the construction company’s stock, valued at approximately $1,513,000.

A number of other hedge funds have also modified their holdings of the stock. Chartwell Investment Partners LLC raised its holdings in shares of Sterling Infrastructure by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 8,958 shares of the construction company’s stock worth $1,299,000 after buying an additional 70 shares in the last quarter. Xponance Inc. raised its holdings in shares of Sterling Infrastructure by 5.1% in the 2nd quarter. Xponance Inc. now owns 1,914 shares of the construction company’s stock worth $227,000 after buying an additional 93 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Sterling Infrastructure by 45.2% in the 3rd quarter. GAMMA Investing LLC now owns 302 shares of the construction company’s stock worth $44,000 after buying an additional 94 shares in the last quarter. EFG Asset Management North America Corp. raised its holdings in shares of Sterling Infrastructure by 0.5% in the 2nd quarter. EFG Asset Management North America Corp. now owns 25,246 shares of the construction company’s stock worth $2,985,000 after buying an additional 120 shares in the last quarter. Finally, SummerHaven Investment Management LLC raised its holdings in shares of Sterling Infrastructure by 1.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 13,006 shares of the construction company’s stock worth $1,539,000 after buying an additional 124 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Sterling Infrastructure Trading Down 0.1 %

STRL stock opened at $196.33 on Tuesday. The business has a fifty day moving average price of $160.49 and a 200 day moving average price of $132.45. Sterling Infrastructure, Inc. has a fifty-two week low of $62.13 and a fifty-two week high of $201.27. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 33.16, a P/E/G ratio of 2.20 and a beta of 1.15. 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 (NASDAQ:STRL) last released its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.29. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. The firm had revenue of $593.74 million during the quarter, compared to analysts’ expectations of $599.90 million. During the same period last year, the firm posted $1.26 EPS. Analysts expect that Sterling Infrastructure, Inc. will post 5.96 EPS for the current fiscal year.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of the 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 transaction, the executive vice president now directly owns 248,471 shares in the company, valued at approximately $35,677,950.89. This trade represents a 7.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.80% of the company’s stock.

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.