AlphaMark Advisors LLC Takes Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

AlphaMark Advisors LLC purchased a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,462 shares of the construction company’s stock, valued at approximately $382,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Atticus Wealth Management LLC bought a new stake in shares of Sterling Infrastructure during the first quarter valued at about $55,000. McGlone Suttner Wealth Management Inc. purchased a new position in Sterling Infrastructure during the fourth quarter valued at approximately $60,000. AJOVista LLC bought a new stake in Sterling Infrastructure during the 4th quarter worth approximately $91,000. Tucker Asset Management LLC purchased a new stake in Sterling Infrastructure in the 4th quarter worth approximately $115,000. Finally, Diversified Trust Co bought a new position in Sterling Infrastructure in the 1st quarter valued at $202,000. 80.95% of the stock is owned by institutional investors.

Sterling Infrastructure Price Performance

Shares of Sterling Infrastructure stock traded down $3.58 during trading on Monday, hitting $114.76. The stock had a trading volume of 318,574 shares, compared to its average volume of 367,683. The company has a current ratio of 1.25, a quick 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 firm has a market cap of $3.54 billion, a price-to-earnings ratio of 23.86 and a beta of 1.19. The business’s 50-day moving average is $117.87 and its 200 day moving average is $101.22.

Sterling Infrastructure (NASDAQ:STRL) last posted 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 business had revenue of $440.36 million during the quarter, compared to analysts’ expectations of $453.30 million. As a group, sell-side analysts anticipate that Sterling Infrastructure, Inc. will post 5.3 earnings per share for the current 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.