West Oak Capital LLC Acquires 475 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

West Oak Capital LLC lifted its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 42.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,600 shares of the construction company’s stock after acquiring an additional 475 shares during the period. West Oak Capital LLC’s holdings in Sterling Infrastructure were worth $270,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in STRL. Diversified Trust Co lifted its stake in Sterling Infrastructure by 16.6% in the fourth quarter. Diversified Trust Co now owns 5,108 shares of the construction company’s stock worth $860,000 after purchasing an additional 728 shares during the last quarter. CWA Asset Management Group LLC increased its position in shares of Sterling Infrastructure by 17.7% during the fourth quarter. CWA Asset Management Group LLC now owns 8,415 shares of the construction company’s stock worth $1,418,000 after acquiring an additional 1,267 shares during the period. Nordea Investment Management AB increased its position in shares of Sterling Infrastructure by 5.3% during the fourth quarter. Nordea Investment Management AB now owns 43,480 shares of the construction company’s stock worth $7,382,000 after acquiring an additional 2,190 shares during the period. Principal Financial Group Inc. increased its position in shares of Sterling Infrastructure by 1,088.1% during the third quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock worth $51,561,000 after acquiring an additional 325,620 shares during the period. Finally, World Investment Advisors LLC purchased a new position in shares of Sterling Infrastructure during the third quarter worth approximately $4,395,000. Institutional investors own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Transactions at Sterling Infrastructure

In other news, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total transaction of $351,780.00. Following the completion of the sale, the director now directly owns 25,901 shares in the company, valued at approximately $4,555,726.89. The trade was a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.70% of the company’s stock.

Sterling Infrastructure Stock Down 2.1 %

STRL stock traded down $3.53 during trading on Friday, hitting $163.52. 334,961 shares of the company’s stock traded hands, compared to its average volume of 282,477. The firm has a market capitalization of $5.02 billion, a P/E ratio of 27.62, a PEG ratio of 2.02 and a beta of 1.26. The business has a fifty day simple moving average of $181.24 and a two-hundred day simple moving average of $146.17. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure, Inc. has a 1 year low of $69.61 and a 1 year high of $203.49.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.29. The company had revenue of $593.74 million during the quarter, compared to the consensus estimate of $599.90 million. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. During the same period last year, the firm earned $1.26 earnings per share. Sell-side analysts anticipate that Sterling Infrastructure, Inc. will post 5.96 EPS for the current year.

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.