Uncommon Cents Investing LLC Has $1.49 Million Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Uncommon Cents Investing LLC decreased its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 2.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,500 shares of the construction company’s stock after selling 325 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Sterling Infrastructure were worth $1,489,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in STRL. Hennessy Advisors Inc. acquired a new position in shares of Sterling Infrastructure during the 4th quarter worth approximately $32,156,000. Vanguard Group Inc. boosted its stake in shares of Sterling Infrastructure by 9.1% during the 4th quarter. Vanguard Group Inc. now owns 1,878,941 shares of the construction company’s stock worth $165,215,000 after acquiring an additional 156,225 shares during the period. Qube Research & Technologies Ltd boosted its stake in shares of Sterling Infrastructure by 310.8% during the 3rd quarter. Qube Research & Technologies Ltd now owns 143,520 shares of the construction company’s stock worth $10,546,000 after acquiring an additional 108,582 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Sterling Infrastructure by 8,693.0% during the 4th quarter. International Assets Investment Management LLC now owns 87,930 shares of the construction company’s stock worth $7,732,000 after acquiring an additional 86,930 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in shares of Sterling Infrastructure by 105.1% during the 4th quarter. Teacher Retirement System of Texas now owns 131,069 shares of the construction company’s stock worth $11,525,000 after acquiring an additional 67,172 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

Shares of NASDAQ STRL traded up $3.57 during midday trading on Thursday, hitting $116.53. 132,844 shares of the company’s stock were exchanged, compared to its average volume of 317,256. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.53. Sterling Infrastructure, Inc. has a 12 month low of $54.84 and a 12 month high of $137.63. The company’s 50 day moving average price is $118.41 and its 200 day moving average price is $101.58. The firm has a market capitalization of $3.60 billion, a PE ratio of 24.23 and a beta of 1.19.

Sterling Infrastructure (NASDAQ:STRL) last issued its earnings results on Monday, May 6th. The construction company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.82 by $0.18. Sterling Infrastructure had a return on equity of 25.06% and a net margin of 7.47%. The company had revenue of $440.36 million during the quarter, compared to the consensus estimate of $453.30 million. As a group, analysts predict that Sterling Infrastructure, Inc. will post 5.3 earnings per share for the current fiscal 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.