Spire Wealth Management Grows Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Spire Wealth Management raised its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 265.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 8,792 shares of the construction company’s stock after buying an additional 6,384 shares during the period. Spire Wealth Management’s holdings in Sterling Infrastructure were worth $1,481,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Quarry LP increased its stake in Sterling Infrastructure by 510.7% during the third quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $25,000 after acquiring an additional 143 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Sterling Infrastructure during the third quarter worth $26,000. Huntington National Bank increased its position in shares of Sterling Infrastructure by 21,300.0% in the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company’s stock valued at $31,000 after acquiring an additional 213 shares during the period. Signaturefd LLC boosted its holdings in Sterling Infrastructure by 119.3% in the third quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock valued at $43,000 after purchasing an additional 161 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Sterling Infrastructure in the third quarter valued at $44,000. 80.95% of the stock is owned by institutional investors.

Sterling Infrastructure Price Performance

Shares of NASDAQ:STRL opened at $137.01 on Tuesday. The company’s fifty day moving average price is $177.41 and its 200 day moving average price is $152.46. Sterling Infrastructure, Inc. has a 12 month low of $74.70 and a 12 month high of $206.07. 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 capitalization 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.29. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. The business had revenue of $593.74 million for the quarter, compared to analyst estimates of $599.90 million. During the same period in the previous year, the business posted $1.26 earnings per share. As a group, sell-side analysts predict that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

STRL has been the topic of a number of research reports. StockNews.com raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Wednesday, January 29th. William Blair assumed coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They set an “outperform” rating for the company.

Insider Buying and Selling 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 shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the sale, the director now directly owns 25,901 shares in the company, valued at $4,555,726.89. This represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.80% of the company’s stock.

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.