Stratos Wealth Partners LTD. Purchases 10,037 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Stratos Wealth Partners LTD. boosted its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 42.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,643 shares of the construction company’s stock after purchasing an additional 10,037 shares during the period. Stratos Wealth Partners LTD.’s holdings in Sterling Infrastructure were worth $2,958,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. FMR LLC grew its stake in Sterling Infrastructure by 53.5% in the first quarter. FMR LLC now owns 674 shares of the construction company’s stock worth $26,000 after purchasing an additional 235 shares during the period. McGlone Suttner Wealth Management Inc. bought a new stake in Sterling Infrastructure in the fourth quarter worth $60,000. International Assets Investment Management LLC bought a new stake in Sterling Infrastructure in the third quarter worth $73,000. Comerica Bank bought a new stake in Sterling Infrastructure in the third quarter worth $79,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Sterling Infrastructure by 50.4% during the third quarter. Public Employees Retirement System of Ohio now owns 1,274 shares of the construction company’s stock valued at $27,000 after purchasing an additional 427 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, DA Davidson reaffirmed a “neutral” rating and set a $115.00 price target (up from $86.00) on shares of Sterling Infrastructure in a report on Wednesday, February 28th.

Insiders Place Their Bets

In other news, CEO Joseph A. Cutillo sold 33,214 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $108.71, for a total value of $3,610,693.94. Following the completion of the sale, the chief executive officer now directly owns 695,245 shares of the company’s stock, valued at approximately $75,580,083.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 33,214 shares of Sterling Infrastructure stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $108.71, for a total transaction of $3,610,693.94. Following the completion of the sale, the chief executive officer now owns 695,245 shares of the company’s stock, valued at approximately $75,580,083.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Ronald A. Ballschmiede sold 3,289 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $113.52, for a total value of $373,367.28. Following the completion of the transaction, the chief financial officer now directly owns 267,171 shares of the company’s stock, valued at approximately $30,329,251.92. The disclosure for this sale can be found here. Insiders sold a total of 198,172 shares of company stock worth $22,019,320 over the last quarter. 3.80% of the stock is currently owned by corporate insiders.

Sterling Infrastructure Stock Up 2.2 %

Sterling Infrastructure stock opened at $107.55 on Monday. The stock has a market cap of $3.33 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 1.08 and a beta of 1.19. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.25 and a current ratio of 1.25. Sterling Infrastructure, Inc. has a one year low of $34.42 and a one year high of $116.36. The stock has a fifty day moving average of $97.55 and a 200 day moving average of $82.02.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Monday, February 26th. The construction company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.30. The company had revenue of $485.98 million during the quarter, compared to analysts’ expectations of $526.90 million. Sterling Infrastructure had a return on equity of 24.75% and a net margin of 7.03%. As a group, sell-side analysts predict that Sterling Infrastructure, Inc. will post 4.98 EPS for the current year.

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.