Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund increased its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 29.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,893 shares of the construction company's stock after acquiring an additional 18,333 shares during the quarter. New York State Common Retirement Fund owned about 0.26% of Sterling Infrastructure worth $7,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in STRL. SG Americas Securities LLC boosted its stake in Sterling Infrastructure by 101.8% in the 3rd quarter. SG Americas Securities LLC now owns 5,472 shares of the construction company's stock worth $402,000 after purchasing an additional 2,760 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Sterling Infrastructure during the third quarter valued at approximately $437,000. Raymond James Financial Services Advisors Inc. purchased a new position in Sterling Infrastructure in the 3rd quarter worth approximately $619,000. Stratos Wealth Partners LTD. raised its stake in shares of Sterling Infrastructure by 50.6% in the third quarter. Stratos Wealth Partners LTD. now owns 23,606 shares of the construction company's stock worth $1,735,000 after purchasing an additional 7,933 shares during the last quarter. Finally, GW Henssler & Associates Ltd. purchased a new stake in Sterling Infrastructure in the third quarter worth approximately $267,000. 80.95% of the stock is owned by institutional investors.

Sterling Infrastructure Stock Performance

Shares of STRL stock traded up $0.50 during mid-day trading on Friday, reaching $101.15. 222,164 shares of the company's stock traded hands, compared to its average volume of 357,110. Sterling Infrastructure, Inc. has a 12 month low of $39.30 and a 12 month high of $116.36. The firm has a 50 day moving average price of $105.92 and a two-hundred day moving average price of $85.83. The firm has a market capitalization of $3.13 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 1.00 and a beta of 1.21. 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 (NASDAQ:STRL - Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The construction company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.00 by $0.30. The firm had revenue of $485.98 million for the quarter, compared to the consensus estimate of $526.90 million. Sterling Infrastructure had a return on equity of 24.75% and a net margin of 7.03%. On average, research analysts forecast that Sterling Infrastructure, Inc. will post 4.98 EPS for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling at Sterling Infrastructure

In other news, General Counsel Mark D. Wolf sold 4,134 shares of Sterling Infrastructure 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 sale, the general counsel now directly owns 35,048 shares of the company's stock, valued at $3,722,798.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, General Counsel Mark D. Wolf sold 4,134 shares of the business's stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $106.22, for a total transaction of $439,113.48. Following the transaction, the general counsel now 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 SEC, which is accessible through the SEC website. Also, CEO Joseph A. Cutillo sold 33,214 shares of the company's stock in a transaction dated Wednesday, March 20th. The shares were 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 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 90 days. 3.70% of the stock is currently owned by corporate insiders.

Sterling Infrastructure 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.