Barclays PLC Increases Stake in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Barclays PLC increased its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 254.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,945 shares of the construction company’s stock after buying an additional 40,891 shares during the quarter. Barclays PLC owned 0.19% of Sterling Infrastructure worth $8,259,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, EVP Ronald A. Ballschmiede sold 18,700 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $143.59, for a total value of $2,685,133.00. Following the completion of the sale, the executive vice president now directly owns 248,471 shares of the company’s stock, valued at $35,677,950.89. This represents a 7.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is owned by insiders.

Sterling Infrastructure Stock Performance

Shares of NASDAQ STRL opened at $176.59 on Wednesday. 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 52-week low of $69.61 and a 52-week high of $203.49. The company has a market cap of $5.42 billion, a PE ratio of 29.40, a PEG ratio of 2.11 and a beta of 1.22. The firm’s 50-day moving average price is $175.78 and its 200-day moving average price is $139.63.

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

Sterling Infrastructure Company 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.