Principal Street Partners LLC Sells 4,087 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Principal Street Partners LLC lowered its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 74.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,389 shares of the construction company’s stock after selling 4,087 shares during the quarter. Principal Street Partners LLC’s holdings in Sterling Infrastructure were worth $201,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Capital Performance Advisors LLP purchased a new position in Sterling Infrastructure in the third quarter valued at approximately $26,000. Hantz Financial Services Inc. purchased a new position in shares of Sterling Infrastructure during the 2nd quarter valued at $30,000. Huntington National Bank grew its stake in shares of Sterling Infrastructure by 21,300.0% during the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company’s stock worth $31,000 after acquiring an additional 213 shares during the period. Nisa Investment Advisors LLC increased its holdings in Sterling Infrastructure by 391.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock worth $33,000 after acquiring an additional 219 shares during the last quarter. Finally, Crewe Advisors LLC raised its stake in Sterling Infrastructure by 85.4% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock valued at $35,000 after acquiring an additional 135 shares during the period. Institutional investors own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Sterling Infrastructure

In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of Sterling Infrastructure stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $143.59, for a total transaction of $2,685,133.00. Following the completion of the sale, the executive vice president now owns 248,471 shares of the company’s stock, valued at $35,677,950.89. The trade was a 7.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.80% of the stock is currently owned by company insiders.

Sterling Infrastructure Stock Performance

NASDAQ STRL opened at $199.03 on Wednesday. The stock has a market capitalization of $6.11 billion, a PE ratio of 33.62, a P/E/G ratio of 2.20 and a beta of 1.15. Sterling Infrastructure, Inc. has a 1 year low of $62.13 and a 1 year high of $203.49. The company’s 50 day simple moving average is $161.84 and its two-hundred day simple moving average is $132.95. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.29. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. The firm had revenue of $593.74 million for the quarter, compared to analysts’ expectations of $599.90 million. During the same quarter last year, the firm posted $1.26 EPS. Analysts predict 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.