Sterling Infrastructure, Inc. (NASDAQ:STRL) Stock Holdings Increased by Diversify Wealth Management LLC

Diversify Wealth Management LLC boosted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 9.0% during the third quarter, HoldingsChannel.com reports. The firm owned 4,482 shares of the construction company’s stock after acquiring an additional 371 shares during the period. Diversify Wealth Management LLC’s holdings in Sterling Infrastructure were worth $704,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. acquired a new stake in shares of Sterling Infrastructure during the 2nd quarter valued at $30,000. Nisa Investment Advisors LLC raised its holdings in shares of Sterling Infrastructure by 391.1% during the second quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock worth $33,000 after acquiring an additional 219 shares in the last quarter. Crewe Advisors LLC boosted its position in Sterling Infrastructure by 85.4% during the second quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. Signaturefd LLC increased its position 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 during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Sterling Infrastructure during the 3rd quarter valued at about $44,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insider Transactions at Sterling Infrastructure

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of the firm’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 transaction, the executive vice president now directly owns 248,471 shares in the company, valued at approximately $35,677,950.89. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Sterling Infrastructure Price Performance

NASDAQ STRL opened at $154.45 on Friday. Sterling Infrastructure, Inc. has a fifty-two week low of $55.45 and a fifty-two week high of $170.50. The stock’s 50-day moving average is $138.65 and its two-hundred day moving average is $123.18. The firm has a market cap of $4.75 billion, a P/E ratio of 29.64, a price-to-earnings-growth ratio of 1.89 and a beta of 1.17. 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 issued its quarterly earnings data on Monday, August 5th. The construction company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates 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 earned $1.27 EPS. On average, analysts anticipate that Sterling Infrastructure, Inc. will post 5.66 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.