Invst LLC Takes $400,000 Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Invst LLC acquired a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,644 shares of the construction company’s stock, valued at approximately $400,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Atticus Wealth Management LLC acquired a new position in shares of Sterling Infrastructure in the 1st quarter valued at about $55,000. Covestor Ltd lifted its holdings in shares of Sterling Infrastructure by 127.0% in the 1st quarter. Covestor Ltd now owns 867 shares of the construction company’s stock valued at $96,000 after buying an additional 485 shares during the period. AJOVista LLC acquired a new position in shares of Sterling Infrastructure in the 4th quarter valued at about $91,000. Tucker Asset Management LLC acquired a new position in shares of Sterling Infrastructure in the 4th quarter valued at about $115,000. Finally, EntryPoint Capital LLC lifted its holdings in shares of Sterling Infrastructure by 14.1% in the 1st quarter. EntryPoint Capital LLC now owns 1,673 shares of the construction company’s stock valued at $185,000 after buying an additional 207 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Trading Down 4.6 %

STRL traded down $5.08 during trading hours on Friday, reaching $104.90. The company’s stock had a trading volume of 671,154 shares, compared to its average volume of 356,073. Sterling Infrastructure, Inc. has a fifty-two week low of $55.45 and a fifty-two week high of $137.63. The stock has a market cap of $3.24 billion, a PE ratio of 21.81, a P/E/G ratio of 1.40 and a beta of 1.19. The business’s 50-day moving average is $117.13 and its 200-day moving average is $106.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.25 and a quick ratio of 1.25.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Monday, May 6th. The construction company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.18. Sterling Infrastructure had a return on equity of 25.06% and a net margin of 7.47%. The firm had revenue of $440.36 million for the quarter, compared to analysts’ expectations of $453.30 million. As a group, equities research analysts predict that Sterling Infrastructure, Inc. will post 5.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Thursday.

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.