Saxon Interests Inc. bought a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL – Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,416 shares of the construction company’s stock, valued at approximately $267,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Atticus Wealth Management LLC bought a new stake in Sterling Infrastructure during the first quarter valued at approximately $55,000. McGlone Suttner Wealth Management Inc. purchased a new position in Sterling Infrastructure during the 4th quarter valued at $60,000. AJOVista LLC bought a new stake in shares of Sterling Infrastructure during the 4th quarter valued at $91,000. Tucker Asset Management LLC bought a new stake in shares of Sterling Infrastructure during the 4th quarter valued at $115,000. Finally, Diversified Trust Co bought a new stake in shares of Sterling Infrastructure during the 1st quarter valued at $202,000. Institutional investors own 80.95% of the company’s stock.
Sterling Infrastructure Stock Down 1.6 %
Sterling Infrastructure stock traded down $1.80 during mid-day trading on Tuesday, reaching $112.96. The stock had a trading volume of 311,091 shares, compared to its average volume of 367,234. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 23.48 and a beta of 1.19. The company has a 50-day moving average price of $118.10 and a two-hundred day moving average price of $101.47. Sterling Infrastructure, Inc. has a one year low of $54.84 and a one year high of $137.63. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.25 and a quick ratio of 1.25.
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.
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