Meritage Portfolio Management Has $2.19 Million Stock Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Meritage Portfolio Management lowered its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 19.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,009 shares of the construction company’s stock after selling 3,228 shares during the quarter. Meritage Portfolio Management’s holdings in Sterling Infrastructure were worth $2,191,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP raised its position in Sterling Infrastructure by 510.7% in the 3rd quarter. Quarry LP now owns 171 shares of the construction company’s stock valued at $25,000 after purchasing an additional 143 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Sterling Infrastructure in the third quarter valued at $26,000. Huntington National Bank raised its holdings 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 valued at $31,000 after buying an additional 213 shares during the last quarter. Signaturefd LLC lifted its position in Sterling Infrastructure by 119.3% during the 3rd quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock worth $43,000 after buying an additional 161 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Sterling Infrastructure during the 3rd quarter worth about $44,000. 80.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

STRL has been the subject of a number of research reports. StockNews.com lowered shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Thursday. William Blair initiated coverage on Sterling Infrastructure in a research report on Friday, January 17th. They issued an “outperform” rating on the stock.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the firm’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 $4,555,726.89. This trade represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.80% of the stock is owned by company insiders.

Sterling Infrastructure Trading Up 3.5 %

STRL opened at $143.48 on Thursday. The firm’s fifty day moving average is $173.97 and its two-hundred day moving average is $152.70. The firm has a market cap of $4.41 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24. Sterling Infrastructure, Inc. has a twelve month low of $74.70 and a twelve month high of $206.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

Sterling Infrastructure (NASDAQ:STRL) last released its earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $593.74 million during the quarter, compared to analysts’ expectations of $599.90 million. During the same quarter in the prior year, the company earned $1.26 EPS. Equities research analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 EPS 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.