Geode Capital Management LLC Acquires 3,918 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Geode Capital Management LLC grew its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 0.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 719,980 shares of the construction company’s stock after purchasing an additional 3,918 shares during the quarter. Geode Capital Management LLC’s holdings in Sterling Infrastructure were worth $104,431,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of STRL. Chartwell Investment Partners LLC lifted its stake in shares of Sterling Infrastructure by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 8,958 shares of the construction company’s stock valued at $1,299,000 after purchasing an additional 70 shares during the last quarter. Xponance Inc. lifted its position in shares of Sterling Infrastructure by 5.1% in the second quarter. Xponance Inc. now owns 1,914 shares of the construction company’s stock worth $227,000 after buying an additional 93 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Sterling Infrastructure by 45.2% during the 3rd quarter. GAMMA Investing LLC now owns 302 shares of the construction company’s stock worth $44,000 after acquiring an additional 94 shares in the last quarter. EFG Asset Management North America Corp. increased its holdings in shares of Sterling Infrastructure by 0.5% during the 2nd quarter. EFG Asset Management North America Corp. now owns 25,246 shares of the construction company’s stock valued at $2,985,000 after acquiring an additional 120 shares during the last quarter. Finally, Crewe Advisors LLC raised its stake 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 valued at $35,000 after acquiring an additional 135 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analyst Ratings Changes

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

Sterling Infrastructure Stock Performance

NASDAQ:STRL opened at $167.14 on Thursday. The firm has a market capitalization of $5.13 billion, a PE ratio of 28.23, a PEG ratio of 2.11 and a beta of 1.22. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure, Inc. has a 1 year low of $69.61 and a 1 year high of $203.49. The firm’s fifty day simple moving average is $176.55 and its 200 day simple moving average is $140.20.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period last year, the business posted $1.26 earnings per share. On average, sell-side analysts anticipate that Sterling Infrastructure, Inc. will post 5.96 EPS for the current 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.