Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC cut its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,210 shares of the construction company’s stock after selling 665 shares during the quarter. Sterling Infrastructure comprises 1.3% of Baker Ellis Asset Management LLC’s portfolio, making the stock its 19th biggest position. Baker Ellis Asset Management LLC’s holdings in Sterling Infrastructure were worth $9,132,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP boosted its holdings in Sterling Infrastructure by 510.7% in the third 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 purchased a new position in Sterling Infrastructure in the third quarter valued at about $26,000. Huntington National Bank boosted its holdings in 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 purchasing an additional 213 shares during the last quarter. Signaturefd LLC boosted its holdings in Sterling Infrastructure by 119.3% in the third quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock valued at $43,000 after purchasing an additional 161 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Sterling Infrastructure in the third quarter valued at about $44,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, William Blair began coverage on Sterling Infrastructure in a report on Friday, January 17th. They issued an “outperform” rating for the company.

Insider Buying and Selling

In related news, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure stock in a transaction on Wednesday, December 18th. The stock was 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 owns 25,901 shares of the company’s stock, valued at approximately $4,555,726.89. This trade represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.70% of the company’s stock.

Sterling Infrastructure Trading Up 2.0 %

Shares of NASDAQ STRL opened at $200.56 on Thursday. Sterling Infrastructure, Inc. has a 12-month low of $69.61 and a 12-month high of $206.07. 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 cap of $6.16 billion, a price-to-earnings ratio of 33.88, a price-to-earnings-growth ratio of 2.03 and a beta of 1.26. The stock’s 50 day simple moving average is $181.96 and its 200 day simple moving average is $150.35.

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 analysts’ expectations of $599.90 million. During the same period last year, the firm earned $1.26 EPS. Equities research analysts expect that Sterling Infrastructure, Inc. will post 5.98 EPS for the current year.

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.