2,027 Shares in Sterling Infrastructure, Inc. (NASDAQ:STRL) Purchased by Bay Rivers Group

Bay Rivers Group acquired a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,027 shares of the construction company’s stock, valued at approximately $341,000.

Other large investors also recently modified their holdings of the company. Xponance Inc. increased its position in shares of Sterling Infrastructure by 5.1% during the 2nd quarter. Xponance Inc. now owns 1,914 shares of the construction company’s stock worth $227,000 after purchasing an additional 93 shares in the last quarter. AXA S.A. bought a new stake in Sterling Infrastructure during the second quarter worth about $868,000. Creative Planning acquired a new stake in shares of Sterling Infrastructure during the second quarter worth approximately $361,000. Invst LLC raised its stake in shares of Sterling Infrastructure by 60.5% in the second quarter. Invst LLC now owns 5,849 shares of the construction company’s stock valued at $671,000 after acquiring an additional 2,205 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Sterling Infrastructure by 12.4% in the 2nd quarter. Cetera Investment Advisers now owns 12,149 shares of the construction company’s stock worth $1,438,000 after acquiring an additional 1,341 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Price Performance

Shares of STRL stock opened at $143.00 on Tuesday. Sterling Infrastructure, Inc. has a 1 year low of $74.44 and a 1 year high of $206.07. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The firm’s 50 day moving average is $182.39 and its 200-day moving average is $151.73. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 2.07 and a beta of 1.26.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 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 firm had revenue of $593.74 million for the quarter, compared to analyst estimates of $599.90 million. During the same period last year, the company earned $1.26 EPS. Sell-side analysts forecast that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total transaction of $351,780.00. Following the completion of the sale, the director now owns 25,901 shares of the company’s stock, valued at approximately $4,555,726.89. The trade was a 7.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, William Blair initiated coverage on Sterling Infrastructure in a report on Friday, January 17th. They set an “outperform” rating for the company.

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.