Norden Group LLC Takes $631,000 Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Norden Group LLC purchased a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRLFree Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,720 shares of the construction company’s stock, valued at approximately $631,000.

Several other large investors also recently bought and sold shares of STRL. Hennessy Advisors Inc. purchased a new stake in Sterling Infrastructure in the 4th quarter valued at $32,156,000. Vanguard Group Inc. raised its holdings in shares of Sterling Infrastructure by 9.1% in the fourth quarter. Vanguard Group Inc. now owns 1,878,941 shares of the construction company’s stock valued at $165,215,000 after buying an additional 156,225 shares during the last quarter. International Assets Investment Management LLC boosted its stake 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 worth $7,732,000 after buying an additional 86,930 shares during the period. Teacher Retirement System of Texas grew its holdings 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 worth $11,525,000 after buying an additional 67,172 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Sterling Infrastructure by 27.6% in the 3rd quarter. American Century Companies Inc. now owns 304,148 shares of the construction company’s stock valued at $22,349,000 after acquiring an additional 65,737 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Stock Up 2.4 %

STRL opened at $113.75 on Thursday. The business has a 50 day moving average price of $119.48 and a two-hundred day moving average price of $102.68. 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 $3.51 billion, a PE ratio of 23.65 and a beta of 1.19. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.53.

Sterling Infrastructure (NASDAQ:STRLGet Free Report) last issued its quarterly earnings results on Monday, May 6th. The construction company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.18. The firm had revenue of $440.36 million during the quarter, compared to the consensus estimate of $453.30 million. Sterling Infrastructure had a return on equity of 25.06% and a net margin of 7.47%. As a group, research analysts anticipate that Sterling Infrastructure, Inc. will post 5.3 EPS for the current year.

Sterling Infrastructure Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Sterling Infrastructure (NASDAQ:STRL)

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