Cynosure Group LLC Acquires Shares of 2,755 Sterling Infrastructure, Inc. (NASDAQ:STRL)

Cynosure Group LLC purchased a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,755 shares of the construction company’s stock, valued at approximately $304,000.

A number of other large investors also recently made changes to their positions in STRL. Hennessy Advisors Inc. bought a new position in shares of Sterling Infrastructure during the fourth quarter valued at about $32,156,000. Vanguard Group Inc. lifted its position in shares of Sterling Infrastructure by 9.1% during the fourth quarter. Vanguard Group Inc. now owns 1,878,941 shares of the construction company’s stock valued at $165,215,000 after purchasing an additional 156,225 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Sterling Infrastructure by 8,693.0% during the fourth quarter. International Assets Investment Management LLC now owns 87,930 shares of the construction company’s stock valued at $7,732,000 after purchasing an additional 86,930 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Sterling Infrastructure by 105.1% during the fourth quarter. Teacher Retirement System of Texas now owns 131,069 shares of the construction company’s stock valued at $11,525,000 after purchasing an additional 67,172 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Sterling Infrastructure by 17.6% during the fourth quarter. First Trust Advisors LP now owns 337,296 shares of the construction company’s stock valued at $29,658,000 after purchasing an additional 50,573 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

Sterling Infrastructure Stock Up 2.3 %

Shares of STRL traded up $2.76 during trading hours on Tuesday, reaching $124.62. 68,739 shares of the stock traded hands, compared to its average volume of 363,404. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.53. The stock has a fifty day simple moving average of $120.02 and a 200 day simple moving average of $104.78. Sterling Infrastructure, Inc. has a 52 week low of $55.45 and a 52 week high of $137.63. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 25.33 and a beta of 1.19.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, May 6th. The construction company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.82 by $0.18. The business had revenue of $440.36 million for 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%. On average, equities analysts forecast that Sterling Infrastructure, Inc. will post 5.3 EPS for the current year.

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.