Douglas Lane & Associates LLC Has $270,000 Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Douglas Lane & Associates LLC trimmed its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 20.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,600 shares of the construction company’s stock after selling 424 shares during the period. Douglas Lane & Associates LLC’s holdings in Sterling Infrastructure were worth $270,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP grew its holdings in shares of Sterling Infrastructure by 510.7% in the 3rd quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $25,000 after purchasing an additional 143 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Sterling Infrastructure in the third quarter valued at about $26,000. Huntington National Bank grew its stake in Sterling Infrastructure by 21,300.0% during the third quarter. Huntington National Bank now owns 214 shares of the construction company’s stock worth $31,000 after buying an additional 213 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Sterling Infrastructure by 119.3% during the third quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock worth $43,000 after buying an additional 161 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Sterling Infrastructure in the third quarter valued at approximately $44,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Sterling Infrastructure Stock Down 0.3 %

Shares of NASDAQ:STRL opened at $167.05 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The firm has a market cap of $5.13 billion, a P/E ratio of 28.22, a P/E/G ratio of 2.02 and a beta of 1.26. Sterling Infrastructure, Inc. has a 12 month low of $69.61 and a 12 month high of $203.49. The company’s 50-day moving average price is $180.71 and its two-hundred day moving average price is $145.88.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings results 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. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. The business had revenue of $593.74 million during the quarter, compared to analyst estimates of $599.90 million. During the same quarter last year, the business posted $1.26 earnings per share. As a group, research analysts forecast that Sterling Infrastructure, Inc. will post 5.96 EPS for the current fiscal year.

Insider Transactions at Sterling Infrastructure

In related news, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total value of $351,780.00. Following the completion of the sale, the director now directly owns 25,901 shares in the company, valued at $4,555,726.89. This trade represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

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.