Seizert Capital Partners LLC Has $5.91 Million Holdings in Sterling Infrastructure, Inc. $STRL

Seizert Capital Partners LLC trimmed its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 35.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,631 shares of the construction company’s stock after selling 13,808 shares during the period. Seizert Capital Partners LLC owned approximately 0.08% of Sterling Infrastructure worth $5,914,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Ameritas Advisory Services LLC bought a new position in Sterling Infrastructure in the 2nd quarter worth approximately $29,000. Bessemer Group Inc. increased its stake in shares of 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 buying an additional 68 shares during the period. Golden State Wealth Management LLC raised its position in shares of 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 acquiring an additional 51 shares during the last quarter. Armstrong Advisory Group Inc. lifted its stake in shares of Sterling Infrastructure by 93.2% during the second quarter. Armstrong Advisory Group Inc. now owns 170 shares of the construction company’s stock valued at $39,000 after acquiring an additional 82 shares during the period. Finally, MCF Advisors LLC lifted its stake in shares of Sterling Infrastructure by 97.7% during the second quarter. MCF Advisors LLC now owns 172 shares of the construction company’s stock valued at $40,000 after acquiring an additional 85 shares during the period. 80.95% of the stock is owned by institutional investors.

Sterling Infrastructure Stock Up 0.3%

Shares of NASDAQ:STRL opened at $333.88 on Wednesday. The company has a 50 day moving average price of $355.85 and a two-hundred day moving average price of $278.53. 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 company has a market capitalization of $10.26 billion, a PE ratio of 36.29, a PEG ratio of 2.98 and a beta of 1.39. Sterling Infrastructure, Inc. has a 52 week low of $96.34 and a 52 week high of $419.14.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Monday, June 3rd. The construction company reported $0.64 earnings per share for the quarter. Sterling Infrastructure had a net margin of 13.33% and a return on equity of 27.93%. The company had revenue of $403.58 million for the quarter. Analysts forecast that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current year.

Sterling Infrastructure announced that its board has approved a share buyback program on Wednesday, November 12th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 3.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

About Sterling Infrastructure

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.