Saxon Interests Inc. Sells 170 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Saxon Interests Inc. trimmed its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 7.0% during the 4th quarter, HoldingsChannel reports. The fund owned 2,269 shares of the construction company’s stock after selling 170 shares during the quarter. Saxon Interests Inc.’s holdings in Sterling Infrastructure were worth $382,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its holdings in shares of Sterling Infrastructure by 65.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,789 shares of the construction company’s stock worth $448,000 after buying an additional 1,492 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Sterling Infrastructure by 16.0% during the second quarter. Envestnet Asset Management Inc. now owns 59,186 shares of the construction company’s stock worth $7,004,000 after acquiring an additional 8,151 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in Sterling Infrastructure by 31.3% during the 2nd quarter. Mutual of America Capital Management LLC now owns 51,280 shares of the construction company’s stock valued at $6,068,000 after purchasing an additional 12,225 shares during the last quarter. MRP Capital Investments LLC bought a new stake in Sterling Infrastructure during the 2nd quarter worth approximately $421,000. Finally, Sei Investments Co. raised its position in shares of Sterling Infrastructure by 190.0% during the second quarter. Sei Investments Co. now owns 89,573 shares of the construction company’s stock worth $10,600,000 after acquiring an additional 58,682 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insider Buying and Selling

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total value of $351,780.00. Following the sale, the director now owns 25,901 shares in the company, valued at approximately $4,555,726.89. The trade was a 7.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.80% of the stock is currently owned by company insiders.

Sterling Infrastructure Stock Up 1.8 %

Shares of Sterling Infrastructure stock opened at $181.65 on Friday. The business has a fifty day simple moving average of $182.05 and a 200 day simple moving average of $148.00. The stock has a market cap of $5.58 billion, a PE ratio of 30.60, a price-to-earnings-growth ratio of 1.69 and a beta of 1.26. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure, Inc. has a 12 month low of $69.61 and a 12 month high of $203.49.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data 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 business had revenue of $593.74 million during the quarter, compared to analyst estimates of $599.90 million. During the same period in the previous year, the firm earned $1.26 EPS. Research analysts predict that Sterling Infrastructure, Inc. will post 5.96 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, William Blair started coverage on shares of Sterling Infrastructure in a report on Friday. They issued an “outperform” rating on the stock.

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.