Private Trust Co. NA Buys New Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Private Trust Co. NA purchased a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 540 shares of the construction company’s stock, valued at approximately $78,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in shares of Sterling Infrastructure in the 3rd quarter valued at $26,000. Hantz Financial Services Inc. purchased a new position in Sterling Infrastructure in the second quarter valued at about $30,000. Huntington National Bank raised its position in Sterling Infrastructure by 21,300.0% in the third quarter. Huntington National Bank now owns 214 shares of the construction company’s stock valued at $31,000 after purchasing an additional 213 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Sterling Infrastructure by 391.1% in the second quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock worth $33,000 after buying an additional 219 shares during the period. Finally, Crewe Advisors LLC grew its stake in shares of Sterling Infrastructure by 85.4% in the second quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock valued at $35,000 after buying an additional 135 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Down 0.5 %

Shares of Sterling Infrastructure stock opened at $194.45 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. Sterling Infrastructure, Inc. has a 1-year low of $62.13 and a 1-year high of $203.49. The business has a 50-day moving average of $166.30 and a 200-day moving average of $134.76. The company has a market capitalization of $5.97 billion, a PE ratio of 32.85, a P/E/G ratio of 2.19 and a beta of 1.15.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.29. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. The company had revenue of $593.74 million for the quarter, compared to analyst estimates of $599.90 million. During the same period in the prior year, the company posted $1.26 EPS. As a group, equities analysts forecast that Sterling Infrastructure, Inc. will post 5.96 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of the stock in a transaction that occurred 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 $35,677,950.89. This trade represents a 7.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.70% of the stock is owned by company insiders.

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.