Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 58.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,824 shares of the construction company’s stock after acquiring an additional 47,734 shares during the period. Rockefeller Capital Management L.P.’s holdings in Sterling Infrastructure were worth $18,682,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. De Lisle Partners LLP grew its holdings in Sterling Infrastructure by 4.0% during the third quarter. De Lisle Partners LLP now owns 78,857 shares of the construction company’s stock worth $11,432,000 after acquiring an additional 3,000 shares during the period. Cynosure Group LLC grew its holdings in Sterling Infrastructure by 63.6% during the third quarter. Cynosure Group LLC now owns 5,201 shares of the construction company’s stock worth $754,000 after acquiring an additional 2,022 shares during the period. Townsquare Capital LLC grew its holdings in Sterling Infrastructure by 85.3% during the third quarter. Townsquare Capital LLC now owns 51,332 shares of the construction company’s stock worth $7,444,000 after acquiring an additional 23,631 shares during the period. BNP Paribas Financial Markets grew its holdings in Sterling Infrastructure by 168.7% during the third quarter. BNP Paribas Financial Markets now owns 66,235 shares of the construction company’s stock worth $9,605,000 after acquiring an additional 41,582 shares during the period. Finally, Private Trust Co. NA acquired a new position in Sterling Infrastructure during the third quarter worth about $78,000. 80.95% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was 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 directly owns 248,471 shares in the company, valued at approximately $35,677,950.89. This trade represents a 7.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sterling Infrastructure Trading Down 0.5 %

Shares of STRL opened at $194.45 on Monday. The business’s 50-day moving average price is $166.30 and its 200 day moving average price is $134.81. The stock has a market capitalization of $5.97 billion, a P/E ratio of 32.85, a P/E/G ratio of 2.18 and a beta of 1.15. Sterling Infrastructure, Inc. has a 1-year low of $62.13 and a 1-year high of $203.49. 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 (NASDAQ:STRL) last issued its quarterly 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 firm had revenue of $593.74 million for the quarter, compared to analysts’ expectations of $599.90 million. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. During the same quarter last year, the business posted $1.26 EPS. Analysts expect that Sterling Infrastructure, Inc. will post 5.96 earnings per share 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.