Blue Trust Inc. Has $181,000 Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Blue Trust Inc. grew its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 16.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,246 shares of the construction company’s stock after purchasing an additional 177 shares during the quarter. Blue Trust Inc.’s holdings in Sterling Infrastructure were worth $181,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Xponance Inc. lifted its position in shares of Sterling Infrastructure by 5.1% in the second quarter. Xponance Inc. now owns 1,914 shares of the construction company’s stock worth $227,000 after purchasing an additional 93 shares in the last quarter. GAMMA Investing LLC boosted its stake in Sterling Infrastructure by 45.2% in the 3rd quarter. GAMMA Investing LLC now owns 302 shares of the construction company’s stock valued at $44,000 after purchasing an additional 94 shares during the period. EFG Asset Management North America Corp. grew its position 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 in the last quarter. SummerHaven Investment Management LLC lifted its position in shares of Sterling Infrastructure by 1.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 13,006 shares of the construction company’s stock valued at $1,539,000 after acquiring an additional 124 shares during the period. Finally, Crewe Advisors LLC lifted its holdings in shares of Sterling Infrastructure by 85.4% during the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock worth $35,000 after acquiring an additional 135 shares during the period. 80.95% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of the business’s stock in a transaction that occurred on 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 directly owns 248,471 shares of the company’s stock, valued at approximately $35,677,950.89. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Sterling Infrastructure Stock Down 1.8 %

Shares of NASDAQ:STRL opened at $150.66 on Friday. The business has a fifty day simple moving average of $136.21 and a 200 day simple moving average of $122.14. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.44. The firm has a market cap of $4.63 billion, a P/E ratio of 28.92, a P/E/G ratio of 1.89 and a beta of 1.17. 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 quarterly earnings data on Monday, August 5th. The construction company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.24. The company had revenue of $582.82 million for the quarter, compared to the consensus estimate of $553.70 million. Sterling Infrastructure had a return on equity of 25.64% and a net margin of 7.85%. During the same period in the previous year, the business earned $1.27 EPS. Analysts predict that Sterling Infrastructure, Inc. will post 5.66 earnings per share for the current year.

Analysts Set New Price Targets

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

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.