Sterling Infrastructure, Inc. $STRL Shares Sold by JT Stratford LLC

JT Stratford LLC trimmed its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 12.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,715 shares of the construction company’s stock after selling 2,025 shares during the quarter. JT Stratford LLC’s holdings in Sterling Infrastructure were worth $3,164,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Sterling Infrastructure during the second quarter worth $26,000. Ameritas Advisory Services LLC purchased a new position in Sterling Infrastructure during the 2nd quarter valued at about $29,000. Bessemer Group Inc. grew its position in Sterling Infrastructure by 119.3% in the 2nd quarter. Bessemer Group Inc. now owns 125 shares of the construction company’s stock valued at $29,000 after acquiring an additional 68 shares in the last quarter. Golden State Wealth Management LLC increased its stake in Sterling Infrastructure by 54.8% during the second quarter. Golden State Wealth Management LLC now owns 144 shares of the construction company’s stock worth $33,000 after purchasing an additional 51 shares during the period. Finally, Armstrong Advisory Group Inc. boosted its stake in shares of Sterling Infrastructure by 93.2% in the second 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 period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on STRL. Weiss Ratings reiterated a “buy (b)” rating on shares of Sterling Infrastructure in a report on Wednesday, October 8th. DA Davidson upped their price target on Sterling Infrastructure from $355.00 to $460.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. Finally, Wall Street Zen lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 26th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $460.00.

Sterling Infrastructure Trading Up 2.3%

NASDAQ STRL opened at $327.78 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.42 and a quick ratio of 1.42. Sterling Infrastructure, Inc. has a 12 month low of $96.34 and a 12 month high of $419.14. The company has a market capitalization of $10.07 billion, a price-to-earnings ratio of 35.63, a price-to-earnings-growth ratio of 2.98 and a beta of 1.50. The firm’s fifty day moving average price is $355.24 and its 200 day moving average price is $289.13.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results 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 company had revenue of $403.58 million for the quarter. On average, sell-side analysts expect that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current fiscal year.

Sterling Infrastructure announced that its board has approved a stock repurchase program on Wednesday, November 12th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 3.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

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.