Stratos Wealth Partners LTD. Increases Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Stratos Wealth Partners LTD. boosted its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 19.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 46,316 shares of the construction company’s stock after buying an additional 7,454 shares during the period. Stratos Wealth Partners LTD.’s holdings in Sterling Infrastructure were worth $6,717,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Xponance Inc. lifted its holdings in Sterling Infrastructure by 5.1% during the second quarter. Xponance Inc. now owns 1,914 shares of the construction company’s stock worth $227,000 after buying an additional 93 shares during the period. GAMMA Investing LLC lifted its stake in shares of Sterling Infrastructure by 45.2% during the 3rd quarter. GAMMA Investing LLC now owns 302 shares of the construction company’s stock worth $44,000 after purchasing an additional 94 shares during the last quarter. EFG Asset Management North America Corp. lifted its stake in shares of Sterling Infrastructure by 0.5% during the 2nd quarter. EFG Asset Management North America Corp. now owns 25,246 shares of the construction company’s stock worth $2,985,000 after purchasing an additional 120 shares during the last quarter. SummerHaven Investment Management LLC boosted its position in Sterling Infrastructure by 1.0% during the second quarter. SummerHaven Investment Management LLC now owns 13,006 shares of the construction company’s stock valued at $1,539,000 after purchasing an additional 124 shares in the last quarter. Finally, Crewe Advisors LLC grew its stake in Sterling Infrastructure by 85.4% in 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. 80.95% of the stock is owned by institutional investors.

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.

Sterling Infrastructure Price Performance

NASDAQ STRL opened at $159.84 on Friday. The firm’s fifty day simple moving average is $131.52 and its two-hundred day simple moving average is $120.37. The firm has a market capitalization of $4.93 billion, a P/E ratio of 33.23, a P/E/G ratio of 1.82 and a beta of 1.17. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44. Sterling Infrastructure, Inc. has a 12-month low of $55.45 and a 12-month high of $170.50.

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

Insider Transactions at Sterling Infrastructure

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of Sterling Infrastructure stock in a transaction that occurred 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 $35,677,950.89. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.70% of the company’s 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.