Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 8,693.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,930 shares of the construction company’s stock after buying an additional 86,930 shares during the period. International Assets Investment Management LLC’s holdings in Sterling Infrastructure were worth $7,732,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in STRL. Raymond James & Associates increased its position in Sterling Infrastructure by 54.0% during the first quarter. Raymond James & Associates now owns 38,728 shares of the construction company’s stock worth $1,038,000 after buying an additional 13,578 shares during the period. Bank of New York Mellon Corp increased its position in Sterling Infrastructure by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 171,699 shares of the construction company’s stock worth $4,602,000 after buying an additional 2,229 shares during the period. US Bancorp DE increased its position in Sterling Infrastructure by 288.9% during the first quarter. US Bancorp DE now owns 3,527 shares of the construction company’s stock worth $94,000 after buying an additional 2,620 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Sterling Infrastructure by 11.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 19,700 shares of the construction company’s stock worth $528,000 after buying an additional 2,075 shares during the period. Finally, Bank of Montreal Can increased its position in Sterling Infrastructure by 18.6% during the first quarter. Bank of Montreal Can now owns 10,555 shares of the construction company’s stock worth $295,000 after buying an additional 1,659 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Trading Down 0.6 %

NASDAQ:STRL opened at $104.89 on Monday. The firm has a market cap of $3.24 billion, a P/E ratio of 23.57, a PEG ratio of 1.05 and a beta of 1.19. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.50. The stock’s 50 day simple moving average is $100.36 and its 200-day simple moving average is $83.20. Sterling Infrastructure, Inc. has a 12-month low of $35.19 and a 12-month high of $116.36.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, February 26th. The construction company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.30. Sterling Infrastructure had a return on equity of 24.75% and a net margin of 7.03%. The firm had revenue of $485.98 million for the quarter, compared to analyst estimates of $526.90 million. Equities analysts anticipate that Sterling Infrastructure, Inc. will post 4.98 EPS for the current year.

Wall Street Analyst Weigh In

Separately, DA Davidson reaffirmed a “neutral” rating and set a $115.00 price target (up previously from $86.00) on shares of Sterling Infrastructure in a research report on Wednesday, February 28th.

Insider Buying and Selling

In related news, CEO Joseph A. Cutillo sold 33,214 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $108.71, for a total transaction of $3,610,693.94. Following the transaction, the chief executive officer now owns 695,245 shares of the company’s stock, valued at $75,580,083.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 4,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $108.16, for a total transaction of $432,640.00. Following the sale, the general counsel now directly owns 31,048 shares in the company, valued at $3,358,151.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Joseph A. Cutillo sold 33,214 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $108.71, for a total value of $3,610,693.94. Following the sale, the chief executive officer now owns 695,245 shares in the company, valued at $75,580,083.95. The disclosure for this sale can be found here. Insiders have sold 198,172 shares of company stock valued at $22,019,320 over the last quarter. Company insiders own 3.70% 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.