Atticus Wealth Management LLC Sells 200 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Atticus Wealth Management LLC lowered its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 40.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 300 shares of the construction company’s stock after selling 200 shares during the period. Atticus Wealth Management LLC’s holdings in Sterling Infrastructure were worth $51,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP raised its position in 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 buying an additional 143 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Sterling Infrastructure during the third quarter valued at about $26,000. Huntington National Bank boosted its stake in Sterling Infrastructure by 21,300.0% during the third quarter. Huntington National Bank now owns 214 shares of the construction company’s stock valued at $31,000 after buying an additional 213 shares during the period. Signaturefd LLC increased its position in shares of Sterling Infrastructure by 119.3% in the third quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock worth $43,000 after purchasing an additional 161 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Sterling Infrastructure in the third quarter valued at approximately $44,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Stock Down 4.7 %

Shares of NASDAQ:STRL opened at $187.30 on Monday. The stock’s 50-day moving average price is $182.39 and its 200-day moving average price is $151.73. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure, Inc. has a 12-month low of $72.56 and a 12-month high of $206.07. The stock has a market capitalization of $5.75 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 2.07 and a beta of 1.26.

Sterling Infrastructure (NASDAQ:STRL) last issued its earnings results on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, topping 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 net margin of 8.77% and a return on equity of 27.52%. During the same period in the previous year, the firm earned $1.26 earnings per share. On average, equities analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current year.

Insider Transactions at Sterling Infrastructure

In related news, Director Dana C. O’brien sold 2,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the completion of the transaction, the director now directly owns 25,901 shares in the company, valued at $4,555,726.89. This trade represents a 7.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, William Blair began coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They set an “outperform” rating for the company.

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.