Jackson Creek Investment Advisors LLC Makes New Investment in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Jackson Creek Investment Advisors LLC purchased a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 15,079 shares of the construction company’s stock, valued at approximately $1,326,000. Sterling Infrastructure accounts for about 0.5% of Jackson Creek Investment Advisors LLC’s portfolio, making the stock its 23rd largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Sterling Infrastructure in the fourth quarter valued at approximately $60,000. Cookson Peirce & Co. Inc. acquired a new position in shares of Sterling Infrastructure in the 4th quarter valued at $212,000. Penobscot Investment Management Company Inc. acquired a new position in shares of Sterling Infrastructure in the 4th quarter valued at $220,000. Mackenzie Financial Corp purchased a new stake in Sterling Infrastructure in the 4th quarter valued at $294,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Sterling Infrastructure in the 3rd quarter valued at $265,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Stock Performance

STRL stock traded down $4.15 on Tuesday, hitting $101.60. The company’s stock had a trading volume of 306,070 shares, compared to its average volume of 360,225. The firm has a 50 day moving average of $104.61 and a two-hundred day moving average of $85.22. Sterling Infrastructure, Inc. has a 1 year low of $35.68 and a 1 year high of $116.36. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 1.06 and a beta of 1.19. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.50.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, February 26th. The construction company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.30. The company had revenue of $485.98 million during the quarter, compared to the consensus estimate of $526.90 million. Sterling Infrastructure had a net margin of 7.03% and a return on equity of 24.75%. Equities analysts predict that Sterling Infrastructure, Inc. will post 4.98 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Transactions at Sterling Infrastructure

In other news, CEO Joseph A. Cutillo sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $109.78, for a total value of $2,195,600.00. Following the completion of the transaction, the chief executive officer now owns 448,133 shares of the company’s stock, valued at $49,196,040.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Joseph A. Cutillo sold 40,713 shares of Sterling Infrastructure stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $111.74, for a total value of $4,549,270.62. Following the transaction, the chief executive officer now directly owns 606,455 shares of the company’s stock, valued at approximately $67,765,281.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph A. Cutillo sold 20,000 shares of Sterling Infrastructure stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $109.78, for a total transaction of $2,195,600.00. Following the transaction, the chief executive officer now directly owns 448,133 shares in the company, valued at $49,196,040.74. The disclosure for this sale can be found here. Insiders have sold a total of 198,172 shares of company stock valued at $22,019,320 in the last ninety days. 3.80% of the stock is currently owned by company insiders.

Sterling Infrastructure Company 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.