Mutual of America Capital Management LLC Lowers Holdings in Sterling Infrastructure, Inc. $STRL

Key Points

• Mutual of America Capital Management LLC decreased its stake in Sterling Infrastructure by 12.7%, holding 44,474 shares worth approximately $10.3 million at the end of the last quarter.
• Multiple institutional investors are adjusting their positions in Sterling Infrastructure, with some boosting their stakes significantly, including Armstrong Advisory Group Inc. increasing theirs by 93.2%.
• Sterling Infrastructure reported a $403.58 million revenue for the last quarter and has an average price target of $355.00 from analysts, indicating a consensus Buy rating on the stock.

Mutual of America Capital Management LLC decreased its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 12.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,474 shares of the construction company's stock after selling 6,462 shares during the quarter. Mutual of America Capital Management LLC owned about 0.15% of Sterling Infrastructure worth $10,261,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new stake in Sterling Infrastructure during the 2nd quarter valued at $29,000. Armstrong Advisory Group Inc. boosted its stake in Sterling Infrastructure by 93.2% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 170 shares of the construction company's stock valued at $39,000 after purchasing an additional 82 shares during the last quarter. MCF Advisors LLC boosted its stake in Sterling Infrastructure by 97.7% during the 2nd quarter. MCF Advisors LLC now owns 172 shares of the construction company's stock valued at $40,000 after purchasing an additional 85 shares during the last quarter. Richardson Financial Services Inc. boosted its stake in Sterling Infrastructure by 32.9% during the 2nd quarter. Richardson Financial Services Inc. now owns 190 shares of the construction company's stock valued at $42,000 after purchasing an additional 47 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in Sterling Infrastructure by 689.7% during the 1st quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company's stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Price Performance

NASDAQ STRL opened at $355.58 on Monday. The company has a market capitalization of $10.82 billion, a PE ratio of 38.65, a price-to-earnings-growth ratio of 2.63 and a beta of 1.38. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.42 and a current ratio of 1.42. The business's fifty day moving average is $318.02 and its 200 day moving average is $241.67. Sterling Infrastructure, Inc. has a fifty-two week low of $96.34 and a fifty-two week high of $376.75.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last announced its quarterly earnings data on Monday, June 3rd. The construction company reported $0.64 EPS for the quarter. Sterling Infrastructure had a return on equity of 27.93% and a net margin of 13.33%.The business had revenue of $403.58 million for the quarter. Sell-side analysts predict that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current year.

Analyst Ratings Changes

STRL has been the topic of several recent analyst reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Sterling Infrastructure in a research note on Wednesday, October 8th. Wall Street Zen downgraded Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a research note on Friday, September 26th. DA Davidson raised their price target on Sterling Infrastructure from $265.00 to $355.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Zacks Research upgraded Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $355.00.

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.

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