6,178 Shares in Sterling Infrastructure, Inc. (NASDAQ:STRL) Purchased by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. acquired a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,178 shares of the construction company’s stock, valued at approximately $1,041,000.

Other large investors have also bought and sold shares of the company. Diversify Wealth Management LLC grew its holdings in shares of Sterling Infrastructure by 18.7% during the fourth quarter. Diversify Wealth Management LLC now owns 5,320 shares of the construction company’s stock valued at $870,000 after buying an additional 838 shares during the last quarter. Park Avenue Securities LLC bought a new position in Sterling Infrastructure in the 4th quarter valued at approximately $253,000. City Center Advisors LLC purchased a new stake in Sterling Infrastructure during the 4th quarter valued at $356,000. Aprio Wealth Management LLC boosted its stake in Sterling Infrastructure by 5.4% during the 4th quarter. Aprio Wealth Management LLC now owns 3,161 shares of the construction company’s stock valued at $532,000 after purchasing an additional 161 shares during the last quarter. Finally, West Oak Capital LLC increased its holdings in shares of Sterling Infrastructure by 42.2% in the 4th quarter. West Oak Capital LLC now owns 1,600 shares of the construction company’s stock worth $270,000 after purchasing an additional 475 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, William Blair assumed coverage on Sterling Infrastructure in a report on Friday, January 17th. They set an “outperform” rating on the stock.

Insiders Place Their Bets

In related news, Director Dana C. O’brien sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total transaction of $351,780.00. Following the completion of the sale, the director now directly owns 25,901 shares in the company, valued at approximately $4,555,726.89. The trade was a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.80% of the company’s stock.

Sterling Infrastructure Stock Performance

Shares of STRL stock opened at $196.55 on Wednesday. The firm has a market capitalization of $6.04 billion, a PE ratio of 33.20, a P/E/G ratio of 1.89 and a beta of 1.26. The company has a 50 day moving average price of $181.58 and a 200-day moving average price of $149.41. Sterling Infrastructure, Inc. has a 52 week low of $69.61 and a 52 week high of $203.49. 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 (NASDAQ:STRL) last announced 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. The business 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 period in the previous year, the business earned $1.26 EPS. As a group, equities research analysts expect that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current 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.