105,745 Shares in Sterling Infrastructure, Inc. (NASDAQ:STRL) Acquired by WCM Investment Management LLC

WCM Investment Management LLC bought a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 105,745 shares of the construction company’s stock, valued at approximately $18,019,000. WCM Investment Management LLC owned 0.34% of Sterling Infrastructure as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Measured Wealth Private Client Group LLC raised its position in Sterling Infrastructure by 42.8% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 2,009 shares of the construction company’s stock valued at $338,000 after buying an additional 602 shares during the period. Elm3 Financial Group LLC acquired a new position in shares of Sterling Infrastructure in the 4th quarter valued at about $812,000. Stratos Wealth Partners LTD. lifted its position in shares of Sterling Infrastructure by 4.2% in the fourth quarter. Stratos Wealth Partners LTD. now owns 48,258 shares of the construction company’s stock worth $8,129,000 after purchasing an additional 1,942 shares in the last quarter. 1858 Wealth Management LLC acquired a new stake in shares of Sterling Infrastructure during the fourth quarter worth approximately $686,000. Finally, Alliance Wealth Advisors LLC UT grew its position in Sterling Infrastructure by 3.7% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 5,613 shares of the construction company’s stock valued at $946,000 after purchasing an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insiders Place Their Bets

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the company’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 completion of the sale, the director now directly owns 25,901 shares in the company, valued at $4,555,726.89. This represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.70% of the company’s stock.

Sterling Infrastructure Price Performance

Shares of STRL opened at $149.72 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $4.60 billion, a PE ratio of 25.29, a PEG ratio of 1.53 and a beta of 1.24. The firm’s 50 day moving average price is $172.14 and its 200 day moving average price is $152.86. Sterling Infrastructure, Inc. has a twelve month low of $76.01 and a twelve month high of $206.07.

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. The business 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 quarter last year, the firm earned $1.26 EPS. As a group, research analysts expect that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on STRL shares. StockNews.com downgraded shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a research report on Thursday. William Blair initiated coverage on Sterling Infrastructure in a research report on Friday, January 17th. They set an “outperform” rating for the company.

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.