MRP Capital Investments LLC Invests $421,000 in Sterling Infrastructure, Inc. (NASDAQ:STRL)

MRP Capital Investments LLC acquired a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,556 shares of the construction company’s stock, valued at approximately $421,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. acquired a new position in shares of Sterling Infrastructure in the 2nd quarter valued at $30,000. Nisa Investment Advisors LLC increased its holdings in Sterling Infrastructure by 391.1% in the second quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock valued at $33,000 after purchasing an additional 219 shares during the last quarter. Crewe Advisors LLC lifted its stake in Sterling Infrastructure by 85.4% in the second quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock valued at $35,000 after buying an additional 135 shares during the period. Family Firm Inc. bought a new position in Sterling Infrastructure during the second quarter worth about $38,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Sterling Infrastructure during the 2nd quarter worth about $40,000. 80.95% of the stock is owned by institutional investors.

Sterling Infrastructure Price Performance

Shares of STRL stock opened at $134.94 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.44. Sterling Infrastructure, Inc. has a 12-month low of $55.45 and a 12-month high of $139.27. The firm has a fifty day moving average of $115.16 and a 200-day moving average of $114.03. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 1.38 and a beta of 1.16.

Sterling Infrastructure (NASDAQ:STRL) last posted its 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. The firm had revenue of $582.82 million during the quarter, compared to analysts’ expectations of $553.70 million. Sterling Infrastructure had a return on equity of 25.64% and a net margin of 7.85%. During the same period in the previous year, the firm earned $1.27 earnings per share. On average, equities research analysts forecast that Sterling Infrastructure, Inc. will post 5.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a research report on Sunday.

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.