Intech Investment Management LLC Invests $1.51 Million in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Intech Investment Management LLC purchased a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,430 shares of the construction company’s stock, valued at approximately $1,513,000.

Several other large investors also recently made changes to their positions in the stock. Advisors Asset Management Inc. boosted its stake in shares of Sterling Infrastructure by 2.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 50,934 shares of the construction company’s stock worth $7,386,000 after acquiring an additional 991 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Sterling Infrastructure by 9.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 122,711 shares of the construction company’s stock worth $17,796,000 after acquiring an additional 10,097 shares in the last quarter. Commerce Bank boosted its stake in shares of Sterling Infrastructure by 29.5% during the 3rd quarter. Commerce Bank now owns 2,986 shares of the construction company’s stock worth $433,000 after acquiring an additional 680 shares in the last quarter. Segall Bryant & Hamill LLC boosted its stake in shares of Sterling Infrastructure by 44.2% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 99,262 shares of the construction company’s stock worth $14,395,000 after acquiring an additional 30,437 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in shares of Sterling Infrastructure by 65.1% during the 3rd quarter. Meeder Asset Management Inc. now owns 3,417 shares of the construction company’s stock worth $496,000 after acquiring an additional 1,347 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Price Performance

Shares of NASDAQ:STRL opened at $196.33 on Tuesday. The business has a 50 day moving average price of $160.49 and a 200 day moving average price of $132.45. Sterling Infrastructure, Inc. has a twelve month low of $62.13 and a twelve month high of $201.27. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 2.20 and a beta of 1.15. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41.

Sterling Infrastructure (NASDAQ:STRL) last announced its 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 during the quarter, compared to the consensus estimate of $599.90 million. During the same quarter in the prior year, the company earned $1.26 EPS. Research analysts predict that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note 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 the company’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 value of $2,685,133.00. Following the completion of the transaction, the executive vice president now owns 248,471 shares of the company’s stock, valued at $35,677,950.89. This represents a 7.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.80% of the company’s stock.

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.