International Assets Investment Management LLC Buys 86,930 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

International Assets Investment Management LLC lifted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 8,693.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,930 shares of the construction company’s stock after buying an additional 86,930 shares during the period. International Assets Investment Management LLC owned about 0.29% of Sterling Infrastructure worth $7,732,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in Sterling Infrastructure by 101.8% during the 3rd quarter. SG Americas Securities LLC now owns 5,472 shares of the construction company’s stock worth $402,000 after acquiring an additional 2,760 shares during the last quarter. Commonwealth Equity Services LLC purchased a new stake in Sterling Infrastructure in the 3rd quarter valued at about $437,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Sterling Infrastructure during the 3rd quarter worth approximately $619,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Sterling Infrastructure by 26.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,540 shares of the construction company’s stock worth $554,000 after buying an additional 1,564 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Sterling Infrastructure by 11.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,659 shares of the construction company’s stock valued at $34,364,000 after acquiring an additional 47,327 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Analysts Set New Price Targets

Separately, DA Davidson restated a “neutral” rating and issued a $115.00 price objective (up previously from $86.00) on shares of Sterling Infrastructure in a research note on Wednesday, February 28th.

Insider Buying and Selling at Sterling Infrastructure

In other news, CEO Joseph A. Cutillo sold 40,713 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $111.74, for a total value of $4,549,270.62. Following the sale, the chief executive officer now owns 606,455 shares of the company’s stock, valued at $67,765,281.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Joseph A. Cutillo sold 40,713 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $111.74, for a total value of $4,549,270.62. Following the completion of the transaction, the chief executive officer now directly owns 606,455 shares of the company’s stock, valued at $67,765,281.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Mark D. Wolf sold 4,134 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $106.22, for a total value of $439,113.48. Following the sale, the general counsel now owns 35,048 shares in the company, valued at $3,722,798.56. The disclosure for this sale can be found here. Insiders have sold a total of 198,172 shares of company stock valued at $22,019,320 over the last three months. 3.70% of the stock is currently owned by insiders.

Sterling Infrastructure Trading Up 4.2 %

NASDAQ:STRL opened at $105.37 on Tuesday. The firm’s 50 day moving average is $106.23 and its 200 day moving average is $86.22. Sterling Infrastructure, Inc. has a 12 month low of $41.50 and a 12 month high of $116.36. The stock has a market capitalization of $3.26 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 1.02 and a beta of 1.21. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.50.

Sterling Infrastructure (NASDAQ:STRL) last issued its earnings results on Monday, February 26th. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.30. The firm had revenue of $485.98 million for the quarter, compared to analyst estimates of $526.90 million. Sterling Infrastructure had a return on equity of 24.75% and a net margin of 7.03%. Sell-side analysts expect that Sterling Infrastructure, Inc. will post 4.98 earnings per share for the current year.

About Sterling Infrastructure

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.