West Oak Capital LLC Grows Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

West Oak Capital LLC raised its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 42.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,600 shares of the construction company’s stock after buying an additional 475 shares during the period. West Oak Capital LLC’s holdings in Sterling Infrastructure were worth $270,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP increased its stake in shares of Sterling Infrastructure by 510.7% during the third quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $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 during the third quarter worth about $26,000. Huntington National Bank increased its stake in shares of Sterling Infrastructure by 21,300.0% during the third quarter. Huntington National Bank now owns 214 shares of the construction company’s stock worth $31,000 after purchasing an additional 213 shares in the last quarter. Signaturefd LLC increased its stake in shares of Sterling Infrastructure by 119.3% during the third 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. purchased a new stake in Sterling Infrastructure during the 3rd quarter valued at about $44,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insider Transactions at Sterling Infrastructure

In related news, Director Dana C. O’brien sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total transaction of $351,780.00. Following the sale, the director now directly owns 25,901 shares of the company’s stock, valued at $4,555,726.89. This represents a 7.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Sterling Infrastructure Trading Down 2.1 %

NASDAQ:STRL traded down $3.53 on Friday, hitting $163.52. The stock had a trading volume of 334,961 shares, compared to its average volume of 282,477. 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 stock has a market cap of $5.02 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 2.02 and a beta of 1.26. The company has a fifty day moving average price of $181.24 and a two-hundred day moving average price of $146.17. Sterling Infrastructure, Inc. has a 1-year low of $69.61 and a 1-year high of $203.49.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, topping 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 firm had revenue of $593.74 million for the quarter, compared to analyst estimates of $599.90 million. During the same period in the prior year, the business posted $1.26 EPS. Equities research analysts expect that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current fiscal year.

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.