AJOVista LLC Purchases Shares of 1,038 Sterling Infrastructure, Inc. (NASDAQ:STRL)

AJOVista LLC bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,038 shares of the construction company’s stock, valued at approximately $91,000.

Several other institutional investors also recently bought and sold shares of the stock. FMR LLC increased its stake in Sterling Infrastructure by 45.0% in the 3rd 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 period. Lord Abbett & CO. LLC increased its stake in shares of Sterling Infrastructure by 347.4% during the third quarter. Lord Abbett & CO. LLC now owns 616,017 shares of the construction company’s stock valued at $45,265,000 after buying an additional 478,331 shares during the period. Congress Asset Management Co. MA increased its stake in shares of Sterling Infrastructure by 6.3% during the third quarter. Congress Asset Management Co. MA now owns 549,375 shares of the construction company’s stock valued at $40,368,000 after buying an additional 32,597 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of 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 buying an additional 47,327 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of 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 buying an additional 110,146 shares during the period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related 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 owns 267,171 shares of the company’s stock, valued at approximately $30,329,251.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, General Counsel Mark D. Wolf sold 1,500 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $110.90, for a total transaction of $166,350.00. Following the transaction, the general counsel now owns 29,548 shares of the company’s stock, valued at approximately $3,276,873.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Ronald A. Ballschmiede sold 3,289 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were 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 disclosure for this sale can be found here. Insiders sold a total of 198,172 shares of company stock valued at $22,019,320 in the last three months. 3.70% of the stock is currently owned by corporate insiders.

Sterling Infrastructure Stock Up 0.5 %

STRL stock traded up $0.50 during midday trading on Friday, hitting $101.15. The stock had a trading volume of 222,220 shares, compared to its average volume of 266,609. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 1.02 and a beta of 1.21. Sterling Infrastructure, Inc. has a 52-week low of $39.30 and a 52-week high of $116.36. The business has a 50-day moving average of $105.92 and a two-hundred day moving average of $85.89. 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) last posted its quarterly earnings results on Monday, February 26th. The construction company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.00 by $0.30. Sterling Infrastructure had a net margin of 7.03% and a return on equity of 24.75%. The company had revenue of $485.98 million for the quarter, compared to the consensus estimate of $526.90 million. As a group, equities research analysts forecast that Sterling Infrastructure, Inc. will post 4.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.