Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Purchased by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC boosted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 42.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,009 shares of the construction company’s stock after purchasing an additional 602 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Sterling Infrastructure were worth $338,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Chartwell Investment Partners LLC grew its holdings in shares of Sterling Infrastructure by 0.8% in the third 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 period. GAMMA Investing LLC raised its position in shares of Sterling Infrastructure by 45.2% during the 3rd quarter. GAMMA Investing LLC now owns 302 shares of the construction company’s stock worth $44,000 after acquiring an additional 94 shares in the last quarter. Willis Investment Counsel lifted its holdings in shares of Sterling Infrastructure by 1.4% in the 4th quarter. Willis Investment Counsel now owns 7,535 shares of the construction company’s stock valued at $1,269,000 after purchasing an additional 101 shares during the last quarter. Quarry LP boosted its position in shares of Sterling Infrastructure by 510.7% in the 3rd quarter. Quarry LP now owns 171 shares of the construction company’s stock valued at $25,000 after purchasing an additional 143 shares during the period. Finally, Signaturefd LLC grew its stake in Sterling Infrastructure by 119.3% during the 3rd quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock worth $43,000 after buying an additional 161 shares during the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the transaction, the director now directly owns 25,901 shares of the company’s stock, valued at approximately $4,555,726.89. The trade was a 7.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.80% of the company’s stock.

Sterling Infrastructure Stock Performance

NASDAQ STRL opened at $148.35 on Friday. The firm has a market cap of $4.56 billion, a P/E ratio of 25.06, a P/E/G ratio of 1.47 and a beta of 1.24. Sterling Infrastructure, Inc. has a 52-week low of $76.01 and a 52-week high of $206.07. The business’s 50-day moving average price is $173.97 and its 200 day moving average price is $152.70. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.29. The company had revenue of $593.74 million for 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 business posted $1.26 EPS. On average, equities research analysts expect that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.