International Assets Investment Management LLC Grows Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

International Assets Investment Management LLC boosted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRLFree Report) by 14,112.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 142,120 shares of the construction company’s stock after buying an additional 141,120 shares during the period. International Assets Investment Management LLC owned approximately 0.46% of Sterling Infrastructure worth $20,610,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of STRL. Hantz Financial Services Inc. purchased a new stake in Sterling Infrastructure during the 2nd quarter valued at $30,000. Nisa Investment Advisors LLC raised its holdings in Sterling Infrastructure by 391.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock valued at $33,000 after buying an additional 219 shares during the period. Crewe Advisors LLC raised its holdings in Sterling Infrastructure by 85.4% during the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock valued at $35,000 after buying an additional 135 shares during the period. Family Firm Inc. purchased a new stake in Sterling Infrastructure during the 2nd quarter valued at $38,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Sterling Infrastructure during the 2nd quarter valued at $40,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insider Transactions at Sterling Infrastructure

In other news, EVP Ronald A. Ballschmiede sold 18,700 shares of the stock in a transaction on Thursday, September 19th. The stock was 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 owns 248,471 shares of the company’s stock, valued at approximately $35,677,950.89. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.70% of the company’s stock.

Sterling Infrastructure Stock Performance

Shares of Sterling Infrastructure stock opened at $156.13 on Wednesday. The stock’s fifty day moving average is $136.99 and its two-hundred day moving average is $122.60. The company has a market capitalization of $4.82 billion, a PE ratio of 32.46, a price-to-earnings-growth ratio of 1.89 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. Sterling Infrastructure, Inc. has a 52 week low of $55.45 and a 52 week high of $170.50.

Sterling Infrastructure (NASDAQ:STRLGet Free Report) last announced its quarterly earnings data on Monday, August 5th. The construction company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.43 by $0.24. The company had revenue of $582.82 million for 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 quarter in the prior year, the company posted $1.27 EPS. As a group, analysts expect that Sterling Infrastructure, Inc. will post 5.66 earnings per share for the current year.

Analyst Ratings Changes

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

Check Out Our Latest Stock Analysis on Sterling Infrastructure

About Sterling Infrastructure

(Free Report)

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.

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Institutional Ownership by Quarter for Sterling Infrastructure (NASDAQ:STRL)

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