6,178 Shares in Sterling Infrastructure, Inc. (NASDAQ:STRL) Bought by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. purchased a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,178 shares of the construction company’s stock, valued at approximately $1,041,000.

Other hedge funds have also added to or reduced their stakes in the company. Diversify Wealth Management LLC boosted its position in Sterling Infrastructure by 18.7% during the 4th quarter. Diversify Wealth Management LLC now owns 5,320 shares of the construction company’s stock valued at $870,000 after buying an additional 838 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of Sterling Infrastructure during the fourth quarter worth about $253,000. City Center Advisors LLC bought a new stake in shares of Sterling Infrastructure in the fourth quarter worth about $356,000. Aprio Wealth Management LLC increased its holdings in Sterling Infrastructure by 5.4% during the 4th quarter. Aprio Wealth Management LLC now owns 3,161 shares of the construction company’s stock valued at $532,000 after purchasing an additional 161 shares during the period. Finally, West Oak Capital LLC raised its position in Sterling Infrastructure by 42.2% during the 4th quarter. West Oak Capital LLC now owns 1,600 shares of the construction company’s stock valued at $270,000 after purchasing an additional 475 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 25,901 shares of the company’s stock, valued at approximately $4,555,726.89. This trade represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is owned by company insiders.

Sterling Infrastructure Stock Up 7.7 %

STRL stock opened at $196.55 on Wednesday. Sterling Infrastructure, Inc. has a fifty-two week low of $69.61 and a fifty-two week high of $203.49. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 33.20, a price-to-earnings-growth ratio of 1.89 and a beta of 1.26. The business’s 50 day moving average price is $181.58 and its two-hundred day moving average price is $149.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $599.90 million. During the same period in the prior year, the firm earned $1.26 earnings per share. As a group, analysts forecast that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, William Blair assumed coverage on Sterling Infrastructure in a research note on Friday, January 17th. They set an “outperform” rating on the stock.

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.