MML Investors Services LLC Raises Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

MML Investors Services LLC grew its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 28.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,593 shares of the construction company’s stock after buying an additional 2,118 shares during the quarter. MML Investors Services LLC’s holdings in Sterling Infrastructure were worth $1,391,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. State Street Corp raised its position in shares of Sterling Infrastructure by 0.7% in the 3rd quarter. State Street Corp now owns 713,234 shares of the construction company’s stock worth $103,433,000 after acquiring an additional 5,106 shares in the last quarter. Robeco Schweiz AG bought a new position in shares of Sterling Infrastructure in the 2nd quarter worth $1,420,000. Verus Capital Partners LLC raised its position in shares of Sterling Infrastructure by 68.4% in the 2nd quarter. Verus Capital Partners LLC now owns 21,850 shares of the construction company’s stock worth $2,586,000 after acquiring an additional 8,875 shares in the last quarter. Algert Global LLC raised its position in shares of Sterling Infrastructure by 34.0% in the 3rd quarter. Algert Global LLC now owns 26,141 shares of the construction company’s stock worth $3,791,000 after acquiring an additional 6,630 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Sterling Infrastructure in the 3rd quarter worth $591,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Sterling Infrastructure Trading Down 5.4 %

Sterling Infrastructure stock opened at $167.14 on Thursday. The stock has a 50-day moving average of $176.55 and a two-hundred day moving average of $140.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. Sterling Infrastructure, Inc. has a one year low of $69.61 and a one year high of $203.49. The stock has a market cap of $5.13 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 2.11 and a beta of 1.22.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.29. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. The company had revenue of $593.74 million during the quarter, compared to analysts’ expectations of $599.90 million. During the same period last year, the business posted $1.26 earnings per share. On average, research analysts anticipate that Sterling Infrastructure, Inc. will post 5.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Sterling Infrastructure 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.