Shell Asset Management Co. Sells 3,122 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Shell Asset Management Co. lessened its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRLGet Rating) by 12.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 21,109 shares of the construction company’s stock after selling 3,122 shares during the period. Shell Asset Management Co. owned 0.07% of Sterling Infrastructure worth $566,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Counterpoint Mutual Funds LLC bought a new position in Sterling Infrastructure in the first quarter valued at about $85,000. Strs Ohio bought a new position in Sterling Infrastructure in the fourth quarter valued at about $170,000. Arizona State Retirement System bought a new position in Sterling Infrastructure in the fourth quarter valued at about $204,000. Sheets Smith Wealth Management bought a new position in Sterling Infrastructure in the first quarter valued at about $262,000. Finally, Dupont Capital Management Corp bought a new position in Sterling Infrastructure in the first quarter valued at about $291,000. Institutional investors own 79.00% of the company’s stock.

Sterling Infrastructure Price Performance

Sterling Infrastructure stock opened at $24.87 on Wednesday. The business’s 50-day simple moving average is $23.26 and its 200 day simple moving average is $25.45. The stock has a market cap of $752.57 million, a price-to-earnings ratio of 10.28 and a beta of 1.27. Sterling Infrastructure, Inc. has a 12-month low of $20.74 and a 12-month high of $32.14. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.11.

Sterling Infrastructure (NASDAQ:STRLGet Rating) last posted its quarterly earnings results on Monday, August 1st. The construction company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.14. Sterling Infrastructure had a return on equity of 20.99% and a net margin of 4.25%. As a group, research analysts anticipate that Sterling Infrastructure, Inc. will post 2.88 earnings per share for the current year.

Sterling Infrastructure Company Profile

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Sterling Infrastructure, Inc engages in the transportation, e-infrastructure, and building solutions primarily in the Southern United States, the Northeastern and Mid-Atlantic United States, the Rocky Mountain states, California, and Hawaii. It undertakes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater, and storm drainage systems for the departments of transportation in various states, regional transit authorities, airport authorities, port authorities, water authorities and railroads.

See Also

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

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