Townsquare Capital LLC Has $7.44 Million Stock Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Townsquare Capital LLC grew its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 85.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,332 shares of the construction company’s stock after buying an additional 23,631 shares during the quarter. Townsquare Capital LLC’s holdings in Sterling Infrastructure were worth $7,444,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Robeco Schweiz AG bought a new stake in shares of Sterling Infrastructure in the 2nd quarter worth about $1,420,000. Virtu Financial LLC bought a new stake in Sterling Infrastructure during the 1st quarter worth about $1,138,000. Csenge Advisory Group bought a new stake in Sterling Infrastructure during the 2nd quarter worth about $2,048,000. Verus Capital Partners LLC grew its holdings in Sterling Infrastructure by 68.4% during the 2nd quarter. Verus Capital Partners LLC now owns 21,850 shares of the construction company’s stock worth $2,586,000 after acquiring an additional 8,875 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Sterling Infrastructure by 270.2% during the 2nd quarter. SG Americas Securities LLC now owns 36,338 shares of the construction company’s stock worth $4,300,000 after acquiring an additional 26,521 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insider Transactions at Sterling Infrastructure

In other news, EVP Ronald A. Ballschmiede sold 18,700 shares of Sterling Infrastructure stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $143.59, for a total transaction of $2,685,133.00. Following the completion of the sale, the executive vice president now owns 248,471 shares in the company, valued at $35,677,950.89. The trade was a 7.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.80% of the stock is owned by corporate insiders.

Sterling Infrastructure Stock Down 1.8 %

Shares of NASDAQ:STRL opened at $195.41 on Thursday. Sterling Infrastructure, Inc. has a 12 month low of $62.13 and a 12 month high of $203.49. The company’s 50-day moving average price is $164.42 and its two-hundred day moving average price is $133.88. 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 firm has a market cap of $6.00 billion, a P/E ratio of 33.01, a P/E/G ratio of 2.20 and a beta of 1.15.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.29. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. The firm had revenue of $593.74 million for the quarter, compared to analyst estimates of $599.90 million. During the same quarter in the prior year, the firm earned $1.26 EPS. As a group, research analysts forecast that Sterling Infrastructure, Inc. will post 5.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.