Guardian Wealth Management Inc. Raises Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Guardian Wealth Management Inc. increased its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 2.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 45,748 shares of the construction company’s stock after buying an additional 906 shares during the quarter. Sterling Infrastructure comprises about 4.7% of Guardian Wealth Management Inc.’s holdings, making the stock its 3rd biggest position. Guardian Wealth Management Inc.’s holdings in Sterling Infrastructure were worth $6,634,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of STRL. Quarry LP grew its holdings in shares of Sterling Infrastructure by 510.7% in the 3rd quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $25,000 after acquiring an additional 143 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Sterling Infrastructure in the 3rd quarter worth about $26,000. Huntington National Bank raised its holdings in Sterling Infrastructure by 21,300.0% during the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company’s stock worth $31,000 after buying an additional 213 shares during the period. Hantz Financial Services Inc. purchased a new stake in Sterling Infrastructure during the second quarter valued at about $30,000. Finally, Nisa Investment Advisors LLC boosted its holdings 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. Institutional investors own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note on Sunday, September 15th.

Insider Activity

In other news, EVP Ronald A. Ballschmiede sold 18,700 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $143.59, for a total value of $2,685,133.00. Following the completion of the sale, the executive vice president now directly owns 248,471 shares in the company, valued at approximately $35,677,950.89. The trade was a 7.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.80% of the stock is currently owned by insiders.

Sterling Infrastructure Stock Performance

Shares of NASDAQ STRL opened at $195.74 on Monday. 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 one year low of $66.14 and a one year high of $203.49. The business’s 50-day moving average price is $171.29 and its two-hundred day moving average price is $137.15. The company has a market capitalization of $6.01 billion, a P/E ratio of 33.06, a price-to-earnings-growth ratio of 2.19 and a beta of 1.22.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.29. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. The business had revenue of $593.74 million during the quarter, compared to analyst estimates of $599.90 million. During the same quarter in the previous year, the business earned $1.26 EPS. Analysts anticipate that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current fiscal year.

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.