Meeder Asset Management Inc. Increases Stock Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Meeder Asset Management Inc. increased its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 65.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,417 shares of the construction company’s stock after buying an additional 1,347 shares during the quarter. Meeder Asset Management Inc.’s holdings in Sterling Infrastructure were worth $496,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Chartwell Investment Partners LLC increased its stake in shares of Sterling Infrastructure by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 8,958 shares of the construction company’s stock valued at $1,299,000 after acquiring an additional 70 shares during the last quarter. Xponance Inc. grew its holdings in Sterling Infrastructure by 5.1% in the second quarter. Xponance Inc. now owns 1,914 shares of the construction company’s stock valued at $227,000 after purchasing an additional 93 shares during the period. GAMMA Investing LLC increased its position in Sterling Infrastructure by 45.2% during the third quarter. GAMMA Investing LLC now owns 302 shares of the construction company’s stock worth $44,000 after purchasing an additional 94 shares during the last quarter. EFG Asset Management North America Corp. raised its stake in Sterling Infrastructure by 0.5% during the second quarter. EFG Asset Management North America Corp. now owns 25,246 shares of the construction company’s stock worth $2,985,000 after purchasing an additional 120 shares during the period. Finally, SummerHaven Investment Management LLC boosted its holdings in shares of Sterling Infrastructure by 1.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 13,006 shares of the construction company’s stock valued at $1,539,000 after purchasing an additional 124 shares during the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Sterling Infrastructure Stock Performance

NASDAQ STRL opened at $192.97 on Wednesday. The business’s 50-day simple moving average is $154.54 and its 200-day simple moving average is $130.18. The firm has a market capitalization of $5.93 billion, a P/E ratio of 32.60, 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 company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 earnings per share (EPS) 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 analyst estimates of $599.90 million. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. During the same quarter in the prior year, the business earned $1.26 earnings per share. Equities analysts predict that Sterling Infrastructure, Inc. will post 5.96 EPS for the current year.

Insider Activity at Sterling Infrastructure

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $143.59, for a total value of $2,685,133.00. Following the transaction, the executive vice president now owns 248,471 shares in the company, valued at approximately $35,677,950.89. The trade was a 7.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.80% of the company’s stock.

Wall Street Analyst Weigh In

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

About Sterling Infrastructure

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.