EFG Asset Management North America Corp. Boosts Stake in Sterling Infrastructure, Inc. (NASDAQ:STRL)

EFG Asset Management North America Corp. increased its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 45.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,709 shares of the construction company's stock after buying an additional 7,363 shares during the quarter. EFG Asset Management North America Corp. owned about 0.08% of Sterling Infrastructure worth $2,086,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in STRL. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Sterling Infrastructure during the fourth quarter worth approximately $60,000. AJOVista LLC acquired a new position in Sterling Infrastructure in the fourth quarter valued at $91,000. Cookson Peirce & Co. Inc. purchased a new stake in shares of Sterling Infrastructure in the fourth quarter valued at about $212,000. Penobscot Investment Management Company Inc. acquired a new stake in shares of Sterling Infrastructure during the fourth quarter worth about $220,000. Finally, Avantax Advisory Services Inc. purchased a new position in shares of Sterling Infrastructure during the fourth quarter worth about $255,000. Institutional investors and hedge funds own 80.95% of the company's stock.

Sterling Infrastructure Stock Performance

STRL traded down $5.54 during trading on Thursday, hitting $130.01. The stock had a trading volume of 486,668 shares, compared to its average volume of 378,770. Sterling Infrastructure, Inc. has a twelve month low of $42.20 and a twelve month high of $137.63. The firm has a market capitalization of $4.01 billion, a P/E ratio of 27.03, a PEG ratio of 1.21 and a beta of 1.21. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.25 and a current ratio of 1.25. The company's 50-day moving average price is $109.30 and its 200 day moving average price is $89.16.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.30. Sterling Infrastructure had a net margin of 7.47% and a return on equity of 25.06%. The business had revenue of $485.98 million for the quarter, compared to analyst estimates of $526.90 million. On average, equities research analysts forecast that Sterling Infrastructure, Inc. will post 5.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 4,134 shares of the stock in a transaction dated Tuesday, February 27th. The shares were 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 of the company's stock, valued at $3,722,798.56. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, General Counsel Mark D. Wolf sold 4,134 shares of Sterling Infrastructure stock in a transaction 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 completion of 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 Securities & Exchange Commission, which is available at this link. Also, General Counsel Mark D. Wolf sold 4,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $108.16, for a total transaction of $432,640.00. Following the completion of the sale, the general counsel now directly owns 31,048 shares in the company, valued at $3,358,151.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 198,172 shares of company stock worth $22,019,320. Corporate insiders own 3.80% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reaffirmed a "neutral" rating and set a $115.00 price objective (up from $86.00) on shares of Sterling Infrastructure in a research 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.

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