Kennedy Capital Management LLC Sells 34,466 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Kennedy Capital Management LLC decreased its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 25.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 101,273 shares of the construction company’s stock after selling 34,466 shares during the period. Kennedy Capital Management LLC owned 0.33% of Sterling Infrastructure worth $11,171,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Atticus Wealth Management LLC bought a new position in Sterling Infrastructure during the first quarter worth about $55,000. McGlone Suttner Wealth Management Inc. bought a new position in Sterling Infrastructure during the fourth quarter worth about $60,000. Covestor Ltd boosted its holdings in Sterling Infrastructure by 127.0% during the first quarter. Covestor Ltd now owns 867 shares of the construction company’s stock worth $96,000 after buying an additional 485 shares during the last quarter. AJOVista LLC bought a new position in Sterling Infrastructure during the fourth quarter worth about $91,000. Finally, Tucker Asset Management LLC acquired a new stake in shares of Sterling Infrastructure during the fourth quarter worth about $115,000. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

Shares of STRL stock traded down $3.29 during trading on Tuesday, reaching $110.10. 280,810 shares of the company’s stock were exchanged, compared to its average volume of 362,897. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $3.40 billion, a PE ratio of 23.57, a PEG ratio of 1.47 and a beta of 1.19. Sterling Infrastructure, Inc. has a twelve month low of $55.45 and a twelve month high of $137.63. The firm’s fifty day moving average price is $118.49 and its 200-day moving average price is $106.09.

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

Analyst Ratings Changes

Separately, StockNews.com lowered Sterling Infrastructure from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th.

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.