Sterling Infrastructure, Inc. (NASDAQ:STRL) Position Boosted by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. raised its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 42.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,643 shares of the construction company's stock after acquiring an additional 10,037 shares during the quarter. Stratos Wealth Partners LTD. owned 0.11% of Sterling Infrastructure worth $2,958,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in STRL. Ameritas Investment Partners Inc. grew its holdings in shares of Sterling Infrastructure by 9.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,474 shares of the construction company's stock worth $138,000 after acquiring an additional 206 shares during the period. FMR LLC increased its position in shares of Sterling Infrastructure by 53.5% in the first quarter. FMR LLC now owns 674 shares of the construction company's stock valued at $26,000 after buying an additional 235 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Sterling Infrastructure by 1.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,661 shares of the construction company's stock worth $821,000 after buying an additional 329 shares during the last quarter. CWM LLC boosted its position in shares of Sterling Infrastructure by 6.5% in the 3rd quarter. CWM LLC now owns 5,735 shares of the construction company's stock worth $421,000 after buying an additional 350 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in shares of Sterling Infrastructure by 10.2% in the 4th quarter. Lazard Asset Management LLC now owns 4,227 shares of the construction company's stock worth $138,000 after buying an additional 390 shares in the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 4,134 shares of the firm's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $106.22, for a total transaction of $439,113.48. Following the sale, the general counsel now directly owns 35,048 shares of the company's stock, valued at approximately $3,722,798.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Joseph A. Cutillo sold 33,214 shares of Sterling Infrastructure 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 completion of the sale, 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 document filed with the SEC, which is available through the SEC website. Also, General Counsel Mark D. Wolf sold 4,134 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $106.22, for a total value of $439,113.48. Following the transaction, the general counsel now owns 35,048 shares in the company, valued at $3,722,798.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 198,172 shares of company stock valued at $22,019,320. 3.70% of the stock is owned by insiders.

Sterling Infrastructure Price Performance

STRL stock traded down $1.15 on Monday, reaching $106.40. The company had a trading volume of 194,453 shares, compared to its average volume of 381,317. The company's fifty day moving average is $98.13 and its 200 day moving average is $82.26. The company has a market cap of $3.29 billion, a P/E ratio of 23.91, a PEG ratio of 1.08 and a beta of 1.19. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.25 and a current ratio of 1.25. Sterling Infrastructure, Inc. has a 1 year low of $34.42 and a 1 year high of $116.36.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last released its quarterly earnings results 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 company had revenue of $485.98 million during the quarter, compared to analysts' expectations of $526.90 million. On average, research analysts forecast that Sterling Infrastructure, Inc. will post 4.98 earnings per share for the current year.

Analysts Set New Price Targets

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

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.