Sterling Infrastructure, Inc. (NASDAQ:STRL) Holdings Lowered by ZRC Wealth Management LLC

ZRC Wealth Management LLC lessened its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 25.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,888 shares of the construction company’s stock after selling 1,357 shares during the quarter. ZRC Wealth Management LLC’s holdings in Sterling Infrastructure were worth $429,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in STRL. Vanguard Group Inc. grew its holdings in shares of Sterling Infrastructure by 9.1% in the 4th quarter. Vanguard Group Inc. now owns 1,878,941 shares of the construction company’s stock worth $165,215,000 after acquiring an additional 156,225 shares during the last quarter. Congress Asset Management Co. MA increased its position in shares of Sterling Infrastructure by 2.0% in the first quarter. Congress Asset Management Co. MA now owns 557,659 shares of the construction company’s stock worth $61,515,000 after acquiring an additional 10,935 shares in the last quarter. Hennessy Advisors Inc. raised its holdings in shares of Sterling Infrastructure by 20.4% during the first quarter. Hennessy Advisors Inc. now owns 440,200 shares of the construction company’s stock valued at $48,558,000 after acquiring an additional 74,500 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Sterling Infrastructure by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 367,905 shares of the construction company’s stock valued at $32,350,000 after acquiring an additional 2,878 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Sterling Infrastructure by 1.9% in the 3rd quarter. Northern Trust Corp now owns 362,843 shares of the construction company’s stock worth $26,662,000 after purchasing an additional 6,765 shares during the period. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Up 3.2 %

Shares of Sterling Infrastructure stock traded up $3.57 during midday trading on Thursday, hitting $116.53. The company’s stock had a trading volume of 132,844 shares, compared to its average volume of 317,256. Sterling Infrastructure, Inc. has a 1-year low of $54.84 and a 1-year high of $137.63. 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 firm has a market capitalization of $3.60 billion, a P/E ratio of 24.23 and a beta of 1.19. The stock has a 50-day simple moving average of $118.41 and a 200-day simple moving average of $101.58.

Sterling Infrastructure (NASDAQ:STRL) last issued its earnings results on Monday, May 6th. The construction company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.18. The company had revenue of $440.36 million during the quarter, compared to analyst estimates of $453.30 million. Sterling Infrastructure had a net margin of 7.47% and a return on equity of 25.06%. As a group, sell-side analysts expect that Sterling Infrastructure, Inc. will post 5.3 earnings per share for the current year.

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.