Alliance Wealth Advisors LLC UT Purchases 199 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Alliance Wealth Advisors LLC UT increased its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,613 shares of the construction company’s stock after acquiring an additional 199 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Sterling Infrastructure were worth $946,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in STRL. Quarry LP lifted its position in Sterling Infrastructure by 510.7% during the third quarter. Quarry LP now owns 171 shares of the construction company’s stock valued at $25,000 after purchasing an additional 143 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Sterling Infrastructure in the third quarter worth $26,000. Huntington National Bank boosted its stake in shares of Sterling Infrastructure by 21,300.0% in the third quarter. Huntington National Bank now owns 214 shares of the construction company’s stock worth $31,000 after acquiring an additional 213 shares during the period. Signaturefd LLC lifted its holdings in Sterling Infrastructure by 119.3% in the 3rd quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock worth $43,000 after purchasing an additional 161 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Sterling Infrastructure in the 3rd quarter worth approximately $44,000. 80.95% of the stock is owned by institutional investors.

Insider Buying and Selling at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the completion of the transaction, the director now directly owns 25,901 shares in the company, valued at approximately $4,555,726.89. The trade was a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. William Blair began coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They set an “outperform” rating for the company. StockNews.com raised Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Wednesday, January 29th.

Sterling Infrastructure Price Performance

STRL stock opened at $137.01 on Tuesday. The company has a fifty day simple moving average of $177.41 and a two-hundred day simple moving average of $152.46. Sterling Infrastructure, Inc. has a 52 week low of $74.70 and a 52 week high of $206.07. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $4.21 billion, a P/E ratio of 23.14, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data 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. The company had revenue of $593.74 million for the quarter, compared to analysts’ expectations of $599.90 million. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. During the same period in the previous year, the firm posted $1.26 earnings per share. Analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current fiscal year.

Sterling Infrastructure Company 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.