Virtu Financial LLC Makes New Investment in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Virtu Financial LLC purchased a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,046 shares of the construction company’s stock, valued at approximately $732,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP grew its stake in Sterling Infrastructure by 510.7% during the third quarter. Quarry LP now owns 171 shares of the construction company’s stock valued at $25,000 after acquiring an additional 143 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Sterling Infrastructure during the 3rd quarter valued at $26,000. Hantz Financial Services Inc. bought a new position in shares of Sterling Infrastructure in the second quarter worth $30,000. Huntington National Bank raised its position in shares of Sterling Infrastructure by 21,300.0% in the third quarter. Huntington National Bank now owns 214 shares of the construction company’s stock worth $31,000 after buying an additional 213 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Sterling Infrastructure by 391.1% during the second quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock valued at $33,000 after buying an additional 219 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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 transaction of $2,685,133.00. Following the transaction, the executive vice president now owns 248,471 shares in the company, valued at $35,677,950.89. The trade was a 7.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is owned by insiders.

Sterling Infrastructure Trading Down 1.8 %

Shares of STRL stock opened at $180.29 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The firm has a market cap of $5.54 billion, a P/E ratio of 30.45, a price-to-earnings-growth ratio of 2.11 and a beta of 1.22. The business has a 50-day moving average price of $175.13 and a two-hundred day moving average price of $139.11. Sterling Infrastructure, Inc. has a 12-month low of $69.61 and a 12-month high of $203.49.

Sterling Infrastructure (NASDAQ:STRL) last issued its earnings results 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 business had revenue of $593.74 million during the quarter, compared to analyst estimates of $599.90 million. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. During the same quarter in the prior year, the firm earned $1.26 earnings per share. Equities analysts anticipate that Sterling Infrastructure, Inc. will post 5.96 EPS 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.