Knights of Columbus Asset Advisors LLC Boosts Stake in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Knights of Columbus Asset Advisors LLC grew its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 44.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,220 shares of the construction company’s stock after buying an additional 16,556 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Sterling Infrastructure were worth $4,768,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Sterling Infrastructure by 19.0% during the first quarter. BlackRock Inc. now owns 3,377,877 shares of the construction company’s stock valued at $127,954,000 after acquiring an additional 538,387 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Sterling Infrastructure by 3.3% in the third quarter. Vanguard Group Inc. now owns 1,638,538 shares of the construction company’s stock valued at $35,180,000 after buying an additional 52,977 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Sterling Infrastructure by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,519,495 shares of the construction company’s stock valued at $57,558,000 after buying an additional 15,998 shares during the period. FMR LLC boosted its position in Sterling Infrastructure by 45.0% during the third quarter. FMR LLC now owns 847,335 shares of the construction company’s stock worth $62,262,000 after acquiring an additional 263,046 shares during the last quarter. Finally, State Street Corp grew its stake in Sterling Infrastructure by 1.5% in the 2nd quarter. State Street Corp now owns 622,676 shares of the construction company’s stock worth $34,745,000 after acquiring an additional 9,201 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 4,134 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $106.22, for a total transaction of $439,113.48. Following the completion of the sale, the general counsel now owns 35,048 shares of the company’s stock, valued at $3,722,798.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, General Counsel Mark D. Wolf sold 4,134 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $106.22, for a total value of $439,113.48. Following the transaction, the general counsel now owns 35,048 shares in the company, valued at $3,722,798.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Mark D. Wolf sold 1,500 shares of Sterling Infrastructure stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $110.90, for a total transaction of $166,350.00. Following the transaction, the general counsel now directly owns 29,548 shares in the company, valued at $3,276,873.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 198,172 shares of company stock valued at $22,019,320. 3.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, DA Davidson restated a “neutral” rating and set a $115.00 price objective (up previously from $86.00) on shares of Sterling Infrastructure in a report on Wednesday, February 28th.

Sterling Infrastructure Trading Down 1.8 %

NASDAQ STRL opened at $96.56 on Friday. The company has a market cap of $2.99 billion, a P/E ratio of 21.70, a P/E/G ratio of 0.99 and a beta of 1.19. Sterling Infrastructure, Inc. has a 12 month low of $35.56 and a 12 month high of $116.36. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.25 and a quick ratio of 1.25. The company has a 50-day moving average of $102.29 and a 200-day moving average of $83.95.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings results on Monday, February 26th. The construction company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.00 by $0.30. The firm had revenue of $485.98 million during the quarter, compared to analyst estimates of $526.90 million. Sterling Infrastructure had a net margin of 7.03% and a return on equity of 24.75%. As a group, equities analysts predict that Sterling Infrastructure, Inc. will post 4.98 earnings per share 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.