Jackson Creek Investment Advisors LLC Makes New $1.33 Million Investment in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Jackson Creek Investment Advisors LLC bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,079 shares of the construction company's stock, valued at approximately $1,326,000. Sterling Infrastructure makes up about 0.5% of Jackson Creek Investment Advisors LLC's investment portfolio, making the stock its 23rd biggest position.

Several other hedge funds have also bought and sold shares of STRL. FMR LLC lifted its stake in Sterling Infrastructure by 45.0% during the third quarter. FMR LLC now owns 847,335 shares of the construction company's stock worth $62,262,000 after purchasing an additional 263,046 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in Sterling Infrastructure by 347.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 616,017 shares of the construction company's stock worth $45,265,000 after buying an additional 478,331 shares during the last quarter. Congress Asset Management Co. MA boosted its stake in Sterling Infrastructure by 6.3% in the third quarter. Congress Asset Management Co. MA now owns 549,375 shares of the construction company's stock worth $40,368,000 after buying an additional 32,597 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Sterling Infrastructure by 11.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 467,659 shares of the construction company's stock valued at $34,364,000 after acquiring an additional 47,327 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Sterling Infrastructure by 43.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 365,027 shares of the construction company's stock valued at $26,822,000 after acquiring an additional 110,146 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Sterling Infrastructure Trading Down 3.9 %

NASDAQ STRL traded down $4.15 during trading on Tuesday, hitting $101.60. 326,460 shares of the company's stock traded hands, compared to its average volume of 360,471. The stock has a fifty day moving average of $104.99 and a two-hundred day moving average of $85.43. Sterling Infrastructure, Inc. has a 12-month low of $35.68 and a 12-month high of $116.36. The firm has a market cap of $3.14 billion, a P/E ratio of 22.83, a PEG ratio of 1.06 and a beta of 1.19. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.25 and a quick ratio of 1.25.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted its quarterly earnings results on Monday, February 26th. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.30. The business had revenue of $485.98 million for the quarter, compared to analyst estimates of $526.90 million. Sterling Infrastructure had a return on equity of 24.75% and a net margin of 7.03%. As a group, sell-side analysts expect that Sterling Infrastructure, Inc. will post 4.98 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Joseph A. Cutillo sold 33,214 shares of the firm's stock in a transaction dated 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 directly owns 695,245 shares of the company's stock, valued at $75,580,083.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Joseph A. Cutillo sold 33,214 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 695,245 shares in the company, valued at $75,580,083.95. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Joseph A. Cutillo sold 20,000 shares of the firm's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $109.78, for a total value of $2,195,600.00. Following the completion of the sale, the chief executive officer now directly owns 448,133 shares of the company's stock, valued at approximately $49,196,040.74. The disclosure for this sale can be found here. Insiders have sold a total of 198,172 shares of company stock valued at $22,019,320 in the last quarter. Insiders own 3.80% of the company's stock.

About Sterling Infrastructure

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.