Delphi Management Inc. MA Cuts Stake in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Delphi Management Inc. MA lowered its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 16.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,696 shares of the construction company’s stock after selling 2,786 shares during the quarter. Delphi Management Inc. MA’s holdings in Sterling Infrastructure were worth $1,621,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. purchased a new position in Sterling Infrastructure during the 2nd quarter valued at approximately $30,000. Nisa Investment Advisors LLC lifted its stake in shares of Sterling Infrastructure by 391.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock valued at $33,000 after purchasing an additional 219 shares during the last quarter. Crewe Advisors LLC lifted its stake in shares of Sterling Infrastructure by 85.4% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. Family Firm Inc. bought a new stake in shares of Sterling Infrastructure during the 2nd quarter worth approximately $38,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Sterling Infrastructure during the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insider Buying and Selling

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now directly owns 248,471 shares in the company, valued at approximately $35,677,950.89. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.70% of the stock is owned by company insiders.

Sterling Infrastructure Trading Up 1.2 %

Shares of NASDAQ STRL opened at $145.02 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $118.82 and a two-hundred day simple moving average of $115.85. The firm has a market cap of $4.48 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 1.76 and a beta of 1.16. Sterling Infrastructure, Inc. has a twelve month low of $55.45 and a twelve month high of $152.00.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Monday, August 5th. The construction company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.24. Sterling Infrastructure had a return on equity of 25.64% and a net margin of 7.85%. The business had revenue of $582.82 million for the quarter, compared to the consensus estimate of $553.70 million. During the same period last year, the business posted $1.27 EPS. Analysts expect that Sterling Infrastructure, Inc. will post 5.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.