Bokf Na Boosts Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Bokf Na grew its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 45.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,728 shares of the construction company’s stock after purchasing an additional 24,344 shares during the period. Bokf Na’s holdings in Sterling Infrastructure were worth $9,198,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in STRL. Hantz Financial Services Inc. purchased a new stake in shares of Sterling Infrastructure during the 2nd quarter valued at $30,000. Nisa Investment Advisors LLC lifted its stake in Sterling Infrastructure by 391.1% in the second quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock worth $33,000 after purchasing an additional 219 shares during the last quarter. Crewe Advisors LLC boosted its position in Sterling Infrastructure by 85.4% during 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 shares of Sterling Infrastructure during the second quarter valued at about $38,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Sterling Infrastructure in the second quarter worth about $40,000. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Up 5.2 %

Shares of NASDAQ STRL opened at $123.17 on Friday. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 1.29 and a beta of 1.16. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.44. The firm’s fifty day moving average is $113.63 and its 200 day moving average is $113.16. Sterling Infrastructure, Inc. has a 52 week low of $55.45 and a 52 week high of $137.63.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data on Monday, August 5th. The construction company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.43 by $0.24. The firm had revenue of $582.82 million during the quarter, compared to the consensus estimate of $553.70 million. Sterling Infrastructure had a net margin of 7.85% and a return on equity of 25.64%. During the same period in the prior year, the firm posted $1.27 earnings per share. On average, equities research analysts expect that Sterling Infrastructure, Inc. will post 5.66 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Saturday, September 7th.

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.