Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Acquired by Meeder Asset Management Inc.

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

Several other large investors have also recently bought and sold shares of the business. Capital Performance Advisors LLP purchased a new position in shares of Sterling Infrastructure in the 3rd quarter valued at about $26,000. Hantz Financial Services Inc. purchased a new position in Sterling Infrastructure in the second quarter valued at about $30,000. Huntington National Bank lifted its position in shares of Sterling Infrastructure by 21,300.0% during 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. Nisa Investment Advisors LLC boosted its stake in shares of Sterling Infrastructure by 391.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock worth $33,000 after acquiring an additional 219 shares in the last quarter. Finally, Crewe Advisors LLC grew its holdings in shares of Sterling Infrastructure by 85.4% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock worth $35,000 after acquiring an additional 135 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

NASDAQ:STRL opened at $192.97 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $5.93 billion, a P/E ratio of 32.60, a price-to-earnings-growth ratio of 2.01 and a beta of 1.15. The firm has a 50-day moving average price of $154.54 and a two-hundred day moving average price of $130.18. Sterling Infrastructure, Inc. has a twelve month low of $62.13 and a twelve month high of $201.27.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 earnings per share 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 during the quarter, compared to analysts’ expectations of $599.90 million. During the same period last year, the company posted $1.26 EPS. As a group, research analysts expect that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $143.59, for a total transaction of $2,685,133.00. Following the sale, the executive vice president now directly owns 248,471 shares of the company’s stock, valued at $35,677,950.89. This trade represents a 7.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is currently owned by company insiders.

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.