Family Firm Inc. Makes New $38,000 Investment in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Family Firm Inc. purchased a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 324 shares of the construction company’s stock, valued at approximately $38,000.

A number of other institutional investors have also recently bought and sold shares of the business. Nisa Investment Advisors LLC boosted its holdings in shares of Sterling Infrastructure by 391.1% during the second quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock worth $33,000 after acquiring an additional 219 shares during the period. Opal Wealth Advisors LLC bought a new stake in shares of Sterling Infrastructure during the second quarter worth approximately $40,000. Atticus Wealth Management LLC bought a new stake in shares of Sterling Infrastructure during the first quarter worth approximately $55,000. AJOVista LLC bought a new stake in shares of Sterling Infrastructure during the fourth quarter worth approximately $91,000. Finally, Covestor Ltd boosted its holdings in shares of 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 acquiring an additional 485 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Price Performance

Shares of STRL stock traded up $4.42 during trading on Friday, hitting $118.10. The company had a trading volume of 220,449 shares, compared to its average volume of 363,161. 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 firm has a market capitalization of $3.65 billion, a P/E ratio of 24.55, a price-to-earnings-growth ratio of 1.40 and a beta of 1.19. The stock’s 50-day moving average price is $114.61 and its 200 day moving average price is $110.11. Sterling Infrastructure, Inc. has a one year low of $55.45 and a one year high of $137.63.

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

Analyst Upgrades and Downgrades

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

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.