Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC decreased its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 39.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 15,544 shares of the construction company’s stock after selling 10,083 shares during the quarter. Pacific Ridge Capital Partners LLC’s holdings in Sterling Infrastructure were worth $1,715,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Atticus Wealth Management LLC acquired a new stake in shares of Sterling Infrastructure in the first quarter worth $55,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Sterling Infrastructure during the 4th quarter worth $60,000. AJOVista LLC purchased a new stake in Sterling Infrastructure during the 4th quarter worth $91,000. Tucker Asset Management LLC purchased a new stake in Sterling Infrastructure during the 4th quarter worth $115,000. Finally, Meeder Asset Management Inc. purchased a new stake in Sterling Infrastructure during the 1st quarter worth $193,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Stock Down 0.3 %

Sterling Infrastructure stock traded down $0.37 during trading on Friday, reaching $116.02. 726,624 shares of the company’s stock were exchanged, compared to its average volume of 366,076. The company’s 50-day moving average is $120.15 and its two-hundred day moving average is $104.16. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.25 and a current ratio of 1.25. Sterling Infrastructure, Inc. has a 52-week low of $55.45 and a 52-week high of $137.63. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 24.12 and a beta of 1.19.

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

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.