HHM Wealth Advisors LLC Buys 245 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

HHM Wealth Advisors LLC lifted its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 25.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,191 shares of the construction company’s stock after acquiring an additional 245 shares during the period. HHM Wealth Advisors LLC’s holdings in Sterling Infrastructure were worth $201,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STRL. Quarry LP increased its stake in shares of Sterling Infrastructure by 510.7% in the third quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $25,000 after purchasing an additional 143 shares during the period. Capital Performance Advisors LLP bought a new position in Sterling Infrastructure during the third quarter worth $26,000. Huntington National Bank boosted its holdings in Sterling Infrastructure by 21,300.0% in the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company’s stock valued at $31,000 after purchasing an additional 213 shares during the period. Signaturefd LLC grew 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. bought a new position in shares of Sterling Infrastructure during the 3rd quarter worth about $44,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Price Performance

NASDAQ:STRL opened at $137.01 on Tuesday. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 1.47 and a beta of 1.24. The company has a 50-day moving average of $177.41 and a 200-day moving average of $152.46. Sterling Infrastructure, Inc. has a 52 week low of $74.70 and a 52 week high of $206.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.29. The company had revenue of $593.74 million for the quarter, compared to the consensus estimate of $599.90 million. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. During the same period in the previous year, the business earned $1.26 earnings per share. As a group, equities research analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Sterling Infrastructure

In related news, Director Dana C. O’brien sold 2,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total transaction of $351,780.00. Following the completion of the sale, the director now directly owns 25,901 shares of the company’s stock, valued at $4,555,726.89. This trade represents a 7.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.80% of the company’s stock.

Wall Street Analyst Weigh In

STRL has been the topic of a number of recent research reports. William Blair assumed coverage on Sterling Infrastructure in a research report on Friday, January 17th. They set an “outperform” rating on the stock. StockNews.com upgraded Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Wednesday, January 29th.

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.