Jackson Creek Investment Advisors LLC Invests $1.33 Million in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Jackson Creek Investment Advisors LLC acquired a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 15,079 shares of the construction company’s stock, valued at approximately $1,326,000. Sterling Infrastructure comprises about 0.5% of Jackson Creek Investment Advisors LLC’s portfolio, making the stock its 23rd largest holding.

A number of other hedge funds also recently made changes to their positions in the stock. Penobscot Investment Management Company Inc. bought a new stake in shares of Sterling Infrastructure during the 4th quarter worth $220,000. SummerHaven Investment Management LLC lifted its stake in Sterling Infrastructure by 1.1% in the fourth quarter. SummerHaven Investment Management LLC now owns 12,763 shares of the construction company’s stock worth $1,122,000 after purchasing an additional 141 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in Sterling Infrastructure by 28.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 39,760 shares of the construction company’s stock worth $3,496,000 after purchasing an additional 8,904 shares during the last quarter. Meritage Portfolio Management lifted its stake in Sterling Infrastructure by 5.7% in the fourth quarter. Meritage Portfolio Management now owns 15,777 shares of the construction company’s stock worth $1,387,000 after purchasing an additional 845 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in Sterling Infrastructure by 29.8% in the fourth quarter. New York State Common Retirement Fund now owns 79,893 shares of the construction company’s stock worth $7,025,000 after purchasing an additional 18,333 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

Insider Buying and Selling at Sterling Infrastructure

In related news, General Counsel Mark D. Wolf sold 4,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $108.16, for a total transaction of $432,640.00. Following the transaction, the general counsel now owns 31,048 shares in the company, valued at $3,358,151.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Ronald A. Ballschmiede sold 13,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $109.66, for a total transaction of $1,425,580.00. Following the transaction, the chief financial officer now owns 270,460 shares in the company, valued at $29,658,643.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Mark D. Wolf sold 4,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $108.16, for a total transaction of $432,640.00. Following the transaction, the general counsel now owns 31,048 shares in the company, valued at approximately $3,358,151.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 198,172 shares of company stock worth $22,019,320. 3.80% of the stock is currently owned by company insiders.

Sterling Infrastructure Trading Down 3.9 %

Shares of STRL stock traded down $4.15 during mid-day trading on Tuesday, reaching $101.60. The stock had a trading volume of 306,070 shares, compared to its average volume of 360,225. The stock’s 50-day moving average price is $104.61 and its two-hundred day moving average price is $85.22. Sterling Infrastructure, Inc. has a 52-week low of $35.68 and a 52-week high of $116.36. The firm has a market capitalization of $3.14 billion, a PE 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 released its quarterly earnings data on Monday, February 26th. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.30. Sterling Infrastructure had a net margin of 7.03% and a return on equity of 24.75%. The firm had revenue of $485.98 million for the quarter, compared to analysts’ expectations of $526.90 million. Equities analysts expect that Sterling Infrastructure, Inc. will post 4.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.