Willis Investment Counsel Purchases 380 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Willis Investment Counsel raised its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 5.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,434 shares of the construction company’s stock after acquiring an additional 380 shares during the quarter. Willis Investment Counsel’s holdings in Sterling Infrastructure were worth $1,078,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wellington Management Group LLP grew its position in Sterling Infrastructure by 24.7% in the fourth quarter. Wellington Management Group LLP now owns 78,236 shares of the construction company’s stock valued at $6,879,000 after purchasing an additional 15,510 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Sterling Infrastructure by 9.1% in the fourth quarter. Vanguard Group Inc. now owns 1,878,941 shares of the construction company’s stock valued at $165,215,000 after acquiring an additional 156,225 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Sterling Infrastructure by 60.6% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 53,000 shares of the construction company’s stock valued at $4,660,000 after acquiring an additional 20,000 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in Sterling Infrastructure by 60.4% during the first quarter. Los Angeles Capital Management LLC now owns 13,787 shares of the construction company’s stock worth $1,521,000 after acquiring an additional 5,193 shares in the last quarter. Finally, Congress Asset Management Co. MA boosted its position in Sterling Infrastructure by 2.0% during the first quarter. Congress Asset Management Co. MA now owns 557,659 shares of the construction company’s stock valued at $61,515,000 after purchasing an additional 10,935 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of Sterling Infrastructure stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $143.59, for a total transaction of $2,685,133.00. Following the completion of the transaction, the executive vice president now directly owns 248,471 shares of the company’s stock, valued at $35,677,950.89. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Sterling Infrastructure Stock Performance

Shares of STRL opened at $157.10 on Monday. Sterling Infrastructure, Inc. has a one year low of $55.45 and a one year high of $157.37. The company has a market cap of $4.85 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 1.82 and a beta of 1.17. The firm has a 50-day moving average of $125.88 and a 200-day moving average of $118.57. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.24 and a quick ratio of 1.24.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Monday, August 5th. The construction company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.24. Sterling Infrastructure had a return on equity of 25.64% and a net margin of 7.85%. The firm had revenue of $582.82 million for the quarter, compared to analyst estimates of $553.70 million. During the same quarter in the prior year, the company earned $1.27 earnings per share. As a group, equities analysts forecast that Sterling Infrastructure, Inc. will post 5.66 earnings per share for the current year.

Sterling Infrastructure 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.