Spire Wealth Management Buys 6,384 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Spire Wealth Management grew its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 265.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,792 shares of the construction company’s stock after purchasing an additional 6,384 shares during the quarter. Spire Wealth Management’s holdings in Sterling Infrastructure were worth $1,481,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Quarry LP boosted its position in Sterling Infrastructure by 510.7% in the third quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $25,000 after purchasing an additional 143 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Sterling Infrastructure during the 3rd quarter valued at $26,000. 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 buying an additional 213 shares during the last quarter. Signaturefd LLC lifted its position in shares of Sterling Infrastructure by 119.3% during the 3rd quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock valued at $43,000 after buying an additional 161 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Sterling Infrastructure during the 3rd quarter valued at $44,000. Institutional investors own 80.95% of the company’s stock.

Insider Transactions at Sterling Infrastructure

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

Analyst Ratings Changes

A number of brokerages have recently commented on STRL. William Blair began coverage on Sterling Infrastructure in a research report on Friday, January 17th. They set an “outperform” rating on the stock. StockNews.com upgraded Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Wednesday, January 29th.

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL opened at $137.01 on Tuesday. 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. 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 stock’s 50-day simple moving average is $177.41 and its two-hundred day simple moving average is $152.46. Sterling Infrastructure, Inc. has a twelve month low of $74.70 and a twelve month high of $206.07.

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, topping analysts’ consensus estimates of $1.68 by $0.29. The business had revenue of $593.74 million for 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 period in the prior year, the company earned $1.26 EPS. As a group, equities analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

About Sterling Infrastructure

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.