RPg Family Wealth Advisory LLC Has $4.38 Million Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

RPg Family Wealth Advisory LLC decreased its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 9.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,231 shares of the construction company’s stock after selling 3,061 shares during the period. Sterling Infrastructure comprises 1.3% of RPg Family Wealth Advisory LLC’s portfolio, making the stock its 29th largest holding. RPg Family Wealth Advisory LLC owned about 0.10% of Sterling Infrastructure worth $4,384,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in Sterling Infrastructure during the third quarter valued at $26,000. Hantz Financial Services Inc. acquired a new stake in shares of Sterling Infrastructure during the 2nd quarter valued at about $30,000. Huntington National Bank grew its stake in shares of Sterling Infrastructure by 21,300.0% in the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company’s stock valued at $31,000 after buying an additional 213 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Sterling Infrastructure by 391.1% in the second quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock worth $33,000 after buying an additional 219 shares during the last quarter. Finally, Crewe Advisors LLC raised its position in Sterling Infrastructure by 85.4% during the second quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock valued at $35,000 after acquiring an additional 135 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Stock Performance

STRL opened at $199.03 on Wednesday. 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 company has a market cap of $6.11 billion, a PE ratio of 33.62, a price-to-earnings-growth ratio of 2.20 and a beta of 1.15. The stock has a 50-day moving average of $163.21 and a 200-day moving average of $133.44. Sterling Infrastructure, Inc. has a 52-week low of $62.13 and a 52-week high of $203.49.

Sterling Infrastructure (NASDAQ:STRL) last announced its 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 firm had revenue of $593.74 million during the quarter, compared to analysts’ expectations of $599.90 million. During the same quarter in the prior year, the business earned $1.26 earnings per share. As a group, equities research analysts forecast that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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 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 directly owns 248,471 shares of the company’s stock, valued at $35,677,950.89. The trade was a 7.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.80% of the stock is currently owned by company insiders.

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.