Little House Capital LLC Makes New Investment in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Little House Capital LLC purchased a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the third quarter, Holdings Channel.com reports. The fund purchased 7,555 shares of the construction company’s stock, valued at approximately $1,096,000.

A number of other large investors have also modified their holdings of STRL. Xponance Inc. boosted its position in Sterling Infrastructure by 5.1% in the second quarter. Xponance Inc. now owns 1,914 shares of the construction company’s stock valued at $227,000 after buying an additional 93 shares during the last quarter. GAMMA Investing LLC raised its stake 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 buying an additional 94 shares during the period. EFG Asset Management North America Corp. raised 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 worth $2,985,000 after buying an additional 120 shares during the period. SummerHaven Investment Management LLC raised its stake in Sterling Infrastructure by 1.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 13,006 shares of the construction company’s stock valued at $1,539,000 after purchasing an additional 124 shares during the last quarter. Finally, Crewe Advisors LLC raised its stake in Sterling Infrastructure by 85.4% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Sterling Infrastructure Trading Up 3.6 %

NASDAQ STRL traded up $5.73 during trading on Monday, hitting $165.57. The stock had a trading volume of 251,072 shares, compared to its average volume of 347,052. The company has a market capitalization of $5.11 billion, a PE ratio of 33.99, a PEG ratio of 1.82 and a beta of 1.17. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average price of $131.52 and a 200 day moving average price of $120.46. Sterling Infrastructure, Inc. has a twelve month low of $55.45 and a twelve month high of $170.50.

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

Insider Buying and Selling

In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of the business’s 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 completion of the sale, the executive vice president now owns 248,471 shares in the company, valued at approximately $35,677,950.89. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.70% of the stock is owned by company insiders.

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.