Victory Capital Management Inc. Has $8.68 Million Stock Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Victory Capital Management Inc. raised its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 8.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,861 shares of the construction company’s stock after acquiring an additional 4,707 shares during the period. Victory Capital Management Inc.’s holdings in Sterling Infrastructure were worth $8,681,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in STRL. Chartwell Investment Partners LLC lifted its position in shares of Sterling Infrastructure by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 8,958 shares of the construction company’s stock worth $1,299,000 after purchasing an additional 70 shares in the last quarter. Xponance Inc. lifted its holdings in Sterling Infrastructure by 5.1% during the 2nd quarter. Xponance Inc. now owns 1,914 shares of the construction company’s stock worth $227,000 after buying an additional 93 shares in the last quarter. GAMMA Investing LLC boosted its position in Sterling Infrastructure by 45.2% in the 3rd quarter. GAMMA Investing LLC now owns 302 shares of the construction company’s stock valued at $44,000 after buying an additional 94 shares during the last quarter. EFG Asset Management North America Corp. increased its stake in shares of Sterling Infrastructure by 0.5% in the 2nd quarter. EFG Asset Management North America Corp. now owns 25,246 shares of the construction company’s stock valued at $2,985,000 after buying an additional 120 shares during the period. Finally, SummerHaven Investment Management LLC increased its stake in shares of Sterling Infrastructure by 1.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 13,006 shares of the construction company’s stock valued at $1,539,000 after buying an additional 124 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

NASDAQ STRL opened at $197.41 on Friday. The firm’s fifty day moving average price is $157.62 and its two-hundred day moving average price is $131.23. Sterling Infrastructure, Inc. has a 1 year low of $62.13 and a 1 year high of $201.27. The firm has a market capitalization of $6.06 billion, a P/E ratio of 32.00, a price-to-earnings-growth ratio of 2.16 and a beta of 1.15. 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 posted its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 earnings per share for the quarter, topping 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 firm had revenue of $593.74 million for the quarter, compared to analysts’ expectations of $599.90 million. During the same quarter last year, the business earned $1.26 EPS. As a group, research analysts anticipate that Sterling Infrastructure, Inc. will post 5.96 EPS for the current year.

Insider Buying and Selling

In other news, EVP Ronald A. Ballschmiede sold 18,700 shares of Sterling Infrastructure stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $143.59, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.70% of the stock is owned by corporate insiders.

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 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.