1,680 Shares in Sterling Infrastructure, Inc. (NASDAQ:STRL) Acquired by Wealth Alliance Advisory Group LLC

Wealth Alliance Advisory Group LLC purchased a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,680 shares of the construction company’s stock, valued at approximately $244,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Sterling Infrastructure by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,887,792 shares of the construction company’s stock valued at $208,242,000 after purchasing an additional 8,851 shares during the last quarter. Driehaus Capital Management LLC boosted its stake in shares of Sterling Infrastructure by 11.4% during the second quarter. Driehaus Capital Management LLC now owns 533,606 shares of the construction company’s stock worth $63,147,000 after buying an additional 54,727 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Sterling Infrastructure by 691.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 515,800 shares of the construction company’s stock worth $61,040,000 after buying an additional 450,620 shares during the last quarter. Hennessy Advisors Inc. increased its position in Sterling Infrastructure by 20.4% in the 1st quarter. Hennessy Advisors Inc. now owns 440,200 shares of the construction company’s stock valued at $48,558,000 after acquiring an additional 74,500 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in Sterling Infrastructure by 0.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 207,449 shares of the construction company’s stock valued at $24,550,000 after acquiring an additional 1,554 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insider Buying and Selling at Sterling Infrastructure

In other news, EVP Ronald A. Ballschmiede sold 18,700 shares of the company’s 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 transaction, the executive vice president now directly owns 248,471 shares of the company’s stock, valued at $35,677,950.89. This represents a 0.00 % decrease in their position. 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 corporate insiders.

Sterling Infrastructure Stock Down 3.4 %

STRL stock opened at $159.84 on Friday. Sterling Infrastructure, Inc. has a one year low of $55.45 and a one year high of $170.50. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24. The company has a fifty day moving average of $131.52 and a 200-day moving average of $120.37. The stock has a market capitalization of $4.93 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 1.82 and a beta of 1.17.

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

Analyst Upgrades and Downgrades

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

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.