International Assets Investment Management LLC Raises Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

International Assets Investment Management LLC grew its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) 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 owned 0.29% of Sterling Infrastructure worth $7,732,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. bought a new position in Sterling Infrastructure in the 4th quarter worth about $60,000. OMERS ADMINISTRATION Corp bought a new position in shares of Sterling Infrastructure in the third quarter worth approximately $265,000. Clough Capital Partners L P purchased a new stake in Sterling Infrastructure in the third quarter valued at approximately $317,000. Alps Advisors Inc. bought a new stake in Sterling Infrastructure during the third quarter valued at approximately $320,000. Finally, WINTON GROUP Ltd purchased a new position in Sterling Infrastructure in the 3rd quarter worth approximately $327,000. 80.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Sterling Infrastructure Price Performance

Shares of STRL traded up $16.63 during midday trading on Tuesday, reaching $122.00. The stock had a trading volume of 977,055 shares, compared to its average volume of 367,119. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 27.42, a price-to-earnings-growth ratio of 1.02 and a beta of 1.21. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.50. Sterling Infrastructure, Inc. has a 12-month low of $41.50 and a 12-month high of $123.99. The company's 50-day moving average is $106.55 and its 200 day moving average is $86.59.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last issued its 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 during 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%. On average, equities analysts predict that Sterling Infrastructure, Inc. will post 4.98 EPS for the current fiscal year.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, CFO Ronald A. Ballschmiede sold 3,289 shares of the business's stock in a transaction on Monday, March 25th. The shares were sold at an average price of $113.52, for a total value of $373,367.28. Following the completion of the sale, the chief financial officer now directly owns 267,171 shares of the company's stock, valued at $30,329,251.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Ronald A. Ballschmiede sold 3,289 shares of the firm's stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $113.52, for a total transaction of $373,367.28. Following the transaction, the chief financial officer now directly owns 267,171 shares in the company, valued at approximately $30,329,251.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Mark D. Wolf sold 4,134 shares of Sterling Infrastructure stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $106.22, for a total value of $439,113.48. Following the completion of the transaction, the general counsel now directly 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 90 days, insiders have sold 198,172 shares of company stock valued at $22,019,320. Insiders own 3.80% 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.