Saxon Interests Inc. Makes New $267,000 Investment in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Saxon Interests Inc. bought a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,416 shares of the construction company’s stock, valued at approximately $267,000.

Several other large investors have also made changes to their positions in the company. SummerHaven Investment Management LLC raised its position in shares of Sterling Infrastructure by 1.1% in the 4th quarter. SummerHaven Investment Management LLC now owns 12,763 shares of the construction company’s stock worth $1,122,000 after buying an additional 141 shares during the period. BOKF NA increased its holdings in Sterling Infrastructure by 0.4% in the 4th quarter. BOKF NA now owns 138,109 shares of the construction company’s stock valued at $12,144,000 after purchasing an additional 491 shares in the last quarter. Atticus Wealth Management LLC acquired a new stake in Sterling Infrastructure in the 1st quarter valued at $55,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Sterling Infrastructure in the 4th quarter valued at $60,000. Finally, Principal Street Partners LLC increased its holdings in Sterling Infrastructure by 21.0% in the 4th quarter. Principal Street Partners LLC now owns 4,210 shares of the construction company’s stock valued at $370,000 after purchasing an additional 732 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Stock Down 1.6 %

NASDAQ STRL traded down $1.80 during trading hours on Tuesday, hitting $112.96. The company had a trading volume of 311,091 shares, compared to its average volume of 367,234. Sterling Infrastructure, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $137.63. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 23.48 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. The firm’s 50 day moving average is $118.10 and its 200 day moving average is $101.47.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results on Monday, May 6th. The construction company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.18. The company 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%. Sell-side analysts anticipate that Sterling Infrastructure, Inc. will post 5.3 earnings per share for the current fiscal 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.