Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC grew its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 31.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,280 shares of the construction company’s stock after acquiring an additional 12,225 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Sterling Infrastructure were worth $6,068,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of STRL. Vanguard Group Inc. boosted its stake in Sterling Infrastructure by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 1,887,792 shares of the construction company’s stock valued at $208,242,000 after purchasing an additional 8,851 shares during the period. Congress Asset Management Co. MA boosted its position in shares of Sterling Infrastructure by 2.0% during the first quarter. Congress Asset Management Co. MA now owns 557,659 shares of the construction company’s stock worth $61,515,000 after buying an additional 10,935 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Sterling Infrastructure by 691.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 515,800 shares of the construction company’s stock worth $61,040,000 after buying an additional 450,620 shares in the last quarter. Hennessy Advisors Inc. increased its position in Sterling Infrastructure by 20.4% in the 1st 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. Finally, First Trust Advisors LP raised its stake in Sterling Infrastructure by 17.6% during the 4th quarter. First Trust Advisors LP now owns 337,296 shares of the construction company’s stock valued at $29,658,000 after acquiring an additional 50,573 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Trading Up 0.4 %

Sterling Infrastructure stock opened at $148.16 on Friday. Sterling Infrastructure, Inc. has a 12-month low of $55.45 and a 12-month high of $152.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $4.57 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 1.38 and a beta of 1.16. The firm has a 50 day simple moving average of $116.28 and a 200-day simple moving average of $114.52.

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 analysts’ consensus estimates of $1.43 by $0.24. Sterling Infrastructure had a return on equity of 25.64% and a net margin of 7.85%. The firm had revenue of $582.82 million during the quarter, compared to analyst estimates of $553.70 million. During the same period last year, the company posted $1.27 EPS. As a group, equities research analysts expect that Sterling Infrastructure, Inc. will post 5.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note on Sunday, September 15th.

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.