Virtu Financial LLC Takes $1.14 Million Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Virtu Financial LLC acquired a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,313 shares of the construction company’s stock, valued at approximately $1,138,000.

Other hedge funds have also recently bought and sold shares of the company. Atticus Wealth Management LLC purchased a new position in Sterling Infrastructure during the first quarter worth $55,000. Covestor Ltd increased its position 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 in the last quarter. AJOVista LLC purchased a new position in Sterling Infrastructure during the fourth quarter worth $91,000. Tucker Asset Management LLC purchased a new position in Sterling Infrastructure during the fourth quarter worth $115,000. Finally, EntryPoint Capital LLC increased its position in Sterling Infrastructure by 14.1% during the first quarter. EntryPoint Capital LLC now owns 1,673 shares of the construction company’s stock worth $185,000 after buying an additional 207 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Price Performance

Shares of NASDAQ:STRL traded down $5.08 on Friday, reaching $104.90. 671,134 shares of the company traded hands, compared to its average volume of 366,187. Sterling Infrastructure, Inc. has a fifty-two week low of $55.45 and a fifty-two week high of $137.63. The company’s 50 day moving average is $117.57 and its 200-day moving average is $106.41. The stock has a market capitalization of $3.24 billion, a PE ratio of 21.69, a P/E/G ratio of 1.48 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.25 and a quick ratio of 1.25.

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

Analyst Ratings Changes

Separately, StockNews.com raised Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Thursday.

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.