Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC trimmed its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,039 shares of the construction company’s stock after selling 133 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Sterling Infrastructure were worth $586,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in STRL. Congress Asset Management Co. increased its stake in Sterling Infrastructure by 19.1% during the third quarter. Congress Asset Management Co. now owns 647,924 shares of the construction company’s stock worth $93,962,000 after acquiring an additional 104,096 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Sterling Infrastructure during the 3rd quarter worth about $204,000. Diversify Wealth Management LLC increased its position in Sterling Infrastructure by 9.0% during the 3rd quarter. Diversify Wealth Management LLC now owns 4,482 shares of the construction company’s stock worth $704,000 after purchasing an additional 371 shares in the last quarter. Diversify Advisory Services LLC purchased a new position in Sterling Infrastructure in the third quarter valued at approximately $307,000. Finally, Pallas Capital Advisors LLC purchased a new position in Sterling Infrastructure in the third quarter valued at approximately $232,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Ronald A. Ballschmiede sold 18,700 shares of the company’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 transaction, the executive vice president now directly owns 248,471 shares in the company, valued at approximately $35,677,950.89. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.70% of the company’s stock.

Sterling Infrastructure Trading Down 0.5 %

NASDAQ:STRL opened at $153.66 on Monday. The business’s 50-day moving average is $140.18 and its two-hundred day moving average is $124.10. The firm has a market capitalization of $4.72 billion, a PE ratio of 29.49, a price-to-earnings-growth ratio of 1.82 and a beta of 1.15. Sterling Infrastructure, Inc. has a 12 month low of $55.45 and a 12 month high of $170.50. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.24 and a quick ratio of 1.24.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results on Monday, August 5th. The construction company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.43 by $0.24. The business had revenue of $582.82 million for the quarter, compared to the consensus estimate of $553.70 million. Sterling Infrastructure had a return on equity of 25.64% and a net margin of 7.85%. During the same period last year, the business posted $1.27 EPS. Research analysts predict that Sterling Infrastructure, Inc. will post 5.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.