Alliance Wealth Advisors LLC UT Grows Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Alliance Wealth Advisors LLC UT lifted its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 3.7% during the fourth quarter, HoldingsChannel reports. The fund owned 5,613 shares of the construction company’s stock after acquiring an additional 199 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Sterling Infrastructure were worth $946,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in STRL. Jennison Associates LLC grew its holdings in Sterling Infrastructure by 22.3% in the 4th quarter. Jennison Associates LLC now owns 5,417 shares of the construction company’s stock valued at $912,000 after buying an additional 987 shares during the period. HHM Wealth Advisors LLC increased its stake in Sterling Infrastructure by 25.9% during the fourth quarter. HHM Wealth Advisors LLC now owns 1,191 shares of the construction company’s stock valued at $201,000 after purchasing an additional 245 shares during the last quarter. Willis Investment Counsel lifted its holdings in Sterling Infrastructure by 1.4% in the fourth quarter. Willis Investment Counsel now owns 7,535 shares of the construction company’s stock worth $1,269,000 after acquiring an additional 101 shares during the last quarter. SkyOak Wealth LLC bought a new position in Sterling Infrastructure during the 4th quarter worth $329,000. Finally, Spire Wealth Management grew its position in shares of Sterling Infrastructure by 265.1% during the fourth quarter. Spire Wealth Management now owns 8,792 shares of the construction company’s stock worth $1,481,000 after acquiring an additional 6,384 shares during the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Sterling Infrastructure

In other news, Director Dana C. O’brien sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total value of $351,780.00. Following the completion of the sale, the director now directly owns 25,901 shares of the company’s stock, valued at $4,555,726.89. This represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on STRL. William Blair began coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They set an “outperform” rating on the stock. StockNews.com raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Wednesday, January 29th.

Sterling Infrastructure Stock Performance

Shares of Sterling Infrastructure stock opened at $137.01 on Tuesday. Sterling Infrastructure, Inc. has a fifty-two week low of $74.70 and a fifty-two week high of $206.07. The firm has a 50 day simple moving average of $177.41 and a 200 day simple moving average of $152.46. 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 $4.21 billion, a P/E ratio of 23.14, a P/E/G ratio of 1.47 and a beta of 1.24.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.29. The company had revenue of $593.74 million during the quarter, compared to analysts’ expectations 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 business earned $1.26 EPS. Sell-side analysts predict that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current fiscal 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.