Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Strs Ohio

Strs Ohio trimmed its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRLFree Report) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,500 shares of the construction company’s stock after selling 200 shares during the period. Strs Ohio’s holdings in Sterling Infrastructure were worth $1,099,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. CWM LLC grew its holdings in Sterling Infrastructure by 6.5% during the 3rd quarter. CWM LLC now owns 5,735 shares of the construction company’s stock worth $421,000 after acquiring an additional 350 shares in the last quarter. Swiss National Bank grew its holdings in Sterling Infrastructure by 0.9% during the 3rd quarter. Swiss National Bank now owns 67,700 shares of the construction company’s stock worth $4,975,000 after acquiring an additional 600 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in Sterling Infrastructure during the 4th quarter worth $60,000. Skandinaviska Enskilda Banken AB publ grew its holdings in Sterling Infrastructure by 5.0% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 14,600 shares of the construction company’s stock worth $1,073,000 after acquiring an additional 700 shares in the last quarter. Finally, Meritage Portfolio Management grew its holdings in Sterling Infrastructure by 5.5% during the 3rd quarter. Meritage Portfolio Management now owns 14,932 shares of the construction company’s stock worth $1,097,000 after acquiring an additional 772 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Sterling Infrastructure

In related news, General Counsel Mark D. Wolf sold 1,500 shares of Sterling Infrastructure stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $110.90, for a total value of $166,350.00. Following the sale, the general counsel now directly owns 29,548 shares in the company, valued at approximately $3,276,873.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Joseph A. Cutillo sold 33,214 shares of Sterling Infrastructure stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $108.71, for a total value of $3,610,693.94. Following the sale, the chief executive officer now directly owns 695,245 shares in the company, valued at approximately $75,580,083.95. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Mark D. Wolf sold 1,500 shares of Sterling Infrastructure stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $110.90, for a total transaction of $166,350.00. Following the completion of the sale, the general counsel now owns 29,548 shares in the company, valued at $3,276,873.20. The disclosure for this sale can be found here. Insiders have sold a total of 198,172 shares of company stock worth $22,019,320 in the last ninety days. 3.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Get Our Latest Research Report on STRL

Sterling Infrastructure Trading Up 4.3 %

NASDAQ STRL opened at $101.55 on Wednesday. Sterling Infrastructure, Inc. has a one year low of $35.56 and a one year high of $116.36. The company has a 50-day simple moving average of $103.03 and a 200-day simple moving average of $84.46. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $3.14 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 0.97 and a beta of 1.19.

Sterling Infrastructure (NASDAQ:STRLGet Free Report) last posted its quarterly earnings results on Monday, February 26th. The construction company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.00 by $0.30. Sterling Infrastructure had a net margin of 7.03% and a return on equity of 24.75%. The business had revenue of $485.98 million during the quarter, compared to analyst estimates of $526.90 million. On average, equities analysts forecast that Sterling Infrastructure, Inc. will post 4.98 earnings per share for the current year.

Sterling Infrastructure Profile

(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.

See Also

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

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