Elm3 Financial Group LLC Makes New Investment in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Elm3 Financial Group LLC acquired a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 4,821 shares of the construction company’s stock, valued at approximately $812,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp lifted its stake in Sterling Infrastructure by 0.7% in the third quarter. State Street Corp now owns 713,234 shares of the construction company’s stock valued at $103,433,000 after buying an additional 5,106 shares during the period. Bay Rivers Group bought a new stake in shares of Sterling Infrastructure in the 4th quarter valued at $341,000. Park Avenue Securities LLC acquired a new position in shares of Sterling Infrastructure during the 4th quarter valued at $253,000. Principal Financial Group Inc. boosted its stake in Sterling Infrastructure by 1,088.1% during the third quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock worth $51,561,000 after acquiring an additional 325,620 shares in the last quarter. Finally, Algert Global LLC grew its holdings in Sterling Infrastructure by 34.0% in the third quarter. Algert Global LLC now owns 26,141 shares of the construction company’s stock worth $3,791,000 after purchasing an additional 6,630 shares during the period. Institutional investors own 80.95% of the company’s stock.

Insider Buying and Selling

In other Sterling Infrastructure 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 transaction, the director now directly owns 25,901 shares in the company, valued at approximately $4,555,726.89. This trade represents a 7.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Thursday. William Blair started coverage on Sterling Infrastructure in a research report on Friday, January 17th. They set an “outperform” rating on the stock.

Sterling Infrastructure Trading Up 3.5 %

NASDAQ:STRL opened at $143.48 on Thursday. 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, Inc. has a one year low of $74.70 and a one year high of $206.07. The company has a market cap of $4.41 billion, a PE ratio of 24.24, a PEG ratio of 1.47 and a beta of 1.24. The firm has a 50-day moving average of $173.97 and a 200-day moving average of $152.70.

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 analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $599.90 million. During the same period in the previous year, the company posted $1.26 EPS. As a group, equities research analysts expect that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

Sterling Infrastructure Company 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.