Baron Wealth Management LLC Purchases Shares of 2,103 Sterling Infrastructure, Inc. (NASDAQ:STRL)

Baron Wealth Management LLC purchased a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,103 shares of the construction company’s stock, valued at approximately $305,000.

A number of other large investors have also recently bought and sold shares of the business. ProShare Advisors LLC grew its stake in Sterling Infrastructure by 8.5% during the first quarter. ProShare Advisors LLC now owns 5,384 shares of the construction company’s stock worth $594,000 after buying an additional 424 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Sterling Infrastructure by 69.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 14,465 shares of the construction company’s stock valued at $1,596,000 after acquiring an additional 5,910 shares during the period. Vanguard Group Inc. raised its stake in Sterling Infrastructure by 0.5% in the first quarter. Vanguard Group Inc. now owns 1,887,792 shares of the construction company’s stock valued at $208,242,000 after purchasing an additional 8,851 shares in the last quarter. Covestor Ltd raised its stake in Sterling Infrastructure by 127.0% during the first quarter. Covestor Ltd now owns 867 shares of the construction company’s stock worth $96,000 after acquiring an additional 485 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in Sterling Infrastructure by 7.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,707 shares of the construction company’s stock worth $299,000 after acquiring an additional 178 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Trading Up 3.2 %

Shares of Sterling Infrastructure stock opened at $185.75 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market cap of $5.70 billion, a PE ratio of 31.38, a P/E/G ratio of 2.01 and a beta of 1.15. Sterling Infrastructure, Inc. has a 1 year low of $62.13 and a 1 year high of $201.27. The stock has a fifty day moving average price of $153.02 and a 200-day moving average price of $129.58.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.29. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. The business had revenue of $593.74 million for the quarter, compared to analysts’ expectations of $599.90 million. During the same period in the previous year, the firm earned $1.26 EPS. Equities research analysts anticipate that Sterling Infrastructure, Inc. will post 5.96 EPS for the current year.

Insider Transactions at Sterling Infrastructure

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $143.59, for a total transaction of $2,685,133.00. Following the completion of the transaction, the executive vice president now directly owns 248,471 shares of the company’s stock, valued at approximately $35,677,950.89. This represents a 7.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Sunday, September 15th.

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.