Atticus Wealth Management LLC Sells 200 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Atticus Wealth Management LLC cut its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 40.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 300 shares of the construction company’s stock after selling 200 shares during the quarter. Atticus Wealth Management LLC’s holdings in Sterling Infrastructure were worth $51,000 as of its most recent SEC filing.

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

Sterling Infrastructure Stock Down 4.7 %

Shares of NASDAQ STRL opened at $187.30 on Monday. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 31.64, a P/E/G ratio of 2.07 and a beta of 1.26. Sterling Infrastructure, Inc. has a 12-month low of $72.56 and a 12-month high of $206.07. 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 firm’s 50-day moving average price is $182.39 and its 200-day moving average price is $151.73.

Sterling Infrastructure (NASDAQ:STRL) last released its earnings results 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 business had revenue of $593.74 million during the quarter, compared to the consensus estimate of $599.90 million. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. During the same period last year, the company earned $1.26 earnings per share. On average, equities research analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

Insider Buying and Selling at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total transaction of $351,780.00. Following the transaction, the director now owns 25,901 shares of the company’s stock, valued at approximately $4,555,726.89. This trade represents a 7.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.