Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Purchased by Truvestments Capital LLC

Truvestments Capital LLC raised its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 11.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,972 shares of the construction company’s stock after acquiring an additional 626 shares during the quarter. Truvestments Capital LLC’s holdings in Sterling Infrastructure were worth $866,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in STRL. Chartwell Investment Partners LLC raised its stake in Sterling Infrastructure by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 8,958 shares of the construction company’s stock valued at $1,299,000 after purchasing an additional 70 shares during the last quarter. Xponance Inc. boosted its stake in 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 during the last quarter. GAMMA Investing LLC grew its holdings in Sterling Infrastructure by 45.2% in the 3rd quarter. GAMMA Investing LLC now owns 302 shares of the construction company’s stock valued at $44,000 after buying an additional 94 shares during the period. EFG Asset Management North America Corp. increased its stake in shares of Sterling Infrastructure by 0.5% during the 2nd quarter. EFG Asset Management North America Corp. now owns 25,246 shares of the construction company’s stock valued at $2,985,000 after acquiring an additional 120 shares during the last quarter. Finally, SummerHaven Investment Management LLC lifted its holdings in shares of Sterling Infrastructure by 1.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 13,006 shares of the construction company’s stock worth $1,539,000 after acquiring an additional 124 shares during the period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of the stock in a transaction that occurred 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 owns 248,471 shares in the company, valued at approximately $35,677,950.89. This represents a 7.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.80% of the company’s stock.

Sterling Infrastructure Trading Up 1.8 %

STRL opened at $199.99 on Monday. The firm’s 50 day moving average is $160.49 and its 200-day moving average is $132.45. Sterling Infrastructure, Inc. has a 52-week low of $62.13 and a 52-week high of $201.27. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $6.14 billion, a P/E ratio of 33.19, a P/E/G ratio of 2.20 and a beta of 1.15.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, topping 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 company had revenue of $593.74 million during the quarter, compared to analyst estimates of $599.90 million. During the same quarter in the previous year, the firm posted $1.26 EPS. Analysts expect that Sterling Infrastructure, Inc. will post 5.96 EPS for the current fiscal year.

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.