Renaissance Technologies LLC Has $114.99 Million Stock Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Renaissance Technologies LLC lowered its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 9.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 971,654 shares of the construction company’s stock after selling 104,500 shares during the period. Renaissance Technologies LLC owned approximately 3.15% of Sterling Infrastructure worth $114,986,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New York State Teachers Retirement System raised its stake in Sterling Infrastructure by 4.3% during the 1st quarter. New York State Teachers Retirement System now owns 2,711 shares of the construction company’s stock worth $299,000 after buying an additional 111 shares during the period. EFG Asset Management North America Corp. raised its position in shares of Sterling Infrastructure by 0.5% during the second quarter. EFG Asset Management North America Corp. now owns 25,246 shares of the construction company’s stock worth $2,985,000 after purchasing an additional 120 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of Sterling Infrastructure by 1.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 13,006 shares of the construction company’s stock worth $1,539,000 after purchasing an additional 124 shares in the last quarter. Crewe Advisors LLC grew its position in Sterling Infrastructure by 85.4% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock valued at $35,000 after purchasing an additional 135 shares during the period. Finally, Blue Trust Inc. grew its position in Sterling Infrastructure by 14.6% in the 2nd quarter. Blue Trust Inc. now owns 1,069 shares of the construction company’s stock valued at $118,000 after purchasing an additional 136 shares during the period. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

Shares of STRL opened at $127.10 on Monday. The firm has a market capitalization of $3.92 billion, a P/E ratio of 26.42, a P/E/G ratio of 1.38 and a beta of 1.16. Sterling Infrastructure, Inc. has a 52 week low of $55.45 and a 52 week high of $137.63. The stock has a 50 day moving average price of $114.03 and a two-hundred day moving average price of $113.59. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Monday, August 5th. The construction company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.24. Sterling Infrastructure had a return on equity of 25.64% and a net margin of 7.85%. The business had revenue of $582.82 million during the quarter, compared to the consensus estimate of $553.70 million. During the same quarter in the prior year, the company posted $1.27 earnings per share. Equities analysts forecast that Sterling Infrastructure, Inc. will post 5.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.