Sterling Infrastructure, Inc. (NASDAQ:STRL) Holdings Boosted by Ellsworth Advisors LLC

Ellsworth Advisors LLC grew its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 11.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,470 shares of the construction company’s stock after purchasing an additional 838 shares during the quarter. Ellsworth Advisors LLC’s holdings in Sterling Infrastructure were worth $1,002,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in STRL. Opal Wealth Advisors LLC acquired a new position in shares of Sterling Infrastructure during the second quarter valued at $40,000. Atticus Wealth Management LLC bought a new stake in shares of Sterling Infrastructure in the 1st quarter worth $55,000. AJOVista LLC bought a new stake in Sterling Infrastructure in the fourth quarter worth about $91,000. Covestor Ltd grew its stake in shares of Sterling Infrastructure by 127.0% in the 1st quarter. Covestor Ltd now owns 867 shares of the construction company’s stock worth $96,000 after purchasing an additional 485 shares during the last quarter. Finally, Tucker Asset Management LLC acquired a new stake in shares of Sterling Infrastructure during the 4th quarter valued at $115,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Stock Down 2.4 %

Shares of NASDAQ STRL traded down $2.74 during mid-day trading on Friday, reaching $111.93. 227,804 shares of the company traded hands, compared to its average volume of 368,376. The stock has a market cap of $3.45 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 1.40 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.25 and a current ratio of 1.25. The company’s fifty day moving average is $114.85 and its two-hundred day moving average is $108.57. Sterling Infrastructure, Inc. has a fifty-two week low of $55.45 and a fifty-two week high of $137.63.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results on Monday, August 5th. The construction company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.24. Sterling Infrastructure had a return on equity of 25.06% and a net margin of 7.47%. The firm had revenue of $582.82 million during the quarter, compared to the consensus estimate of $553.70 million. During the same quarter in the prior year, the company earned $1.27 EPS. On average, analysts expect that Sterling Infrastructure, Inc. will post 5.25 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.

Sterling Infrastructure Company 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.