Sterling Infrastructure, Inc. $STRL Shares Purchased by Willis Investment Counsel

Willis Investment Counsel raised its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 81.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,672 shares of the construction company’s stock after purchasing an additional 4,803 shares during the quarter. Willis Investment Counsel’s holdings in Sterling Infrastructure were worth $2,462,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Ameritas Advisory Services LLC acquired a new stake in shares of Sterling Infrastructure in the 2nd quarter valued at approximately $29,000. Bessemer Group Inc. raised its position in Sterling Infrastructure by 119.3% in the second quarter. Bessemer Group Inc. now owns 125 shares of the construction company’s stock worth $29,000 after acquiring an additional 68 shares in the last quarter. Golden State Wealth Management LLC raised its position in Sterling Infrastructure by 54.8% in 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 in the last quarter. Armstrong Advisory Group Inc. lifted its holdings in 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 acquiring an additional 82 shares during the period. Finally, MCF Advisors LLC boosted its position in shares of Sterling Infrastructure by 97.7% during the 2nd quarter. MCF Advisors LLC now owns 172 shares of the construction company’s stock worth $40,000 after purchasing an additional 85 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Stock Down 5.9%

STRL stock opened at $314.56 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.42 and a quick ratio of 1.42. The company’s 50 day simple moving average is $356.48 and its 200-day simple moving average is $279.17. Sterling Infrastructure, Inc. has a 12 month low of $96.34 and a 12 month high of $419.14. The firm has a market capitalization of $9.66 billion, a PE ratio of 34.19, a P/E/G ratio of 2.98 and a beta of 1.39.

Sterling Infrastructure (NASDAQ:STRL) last announced its 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 firm had revenue of $403.58 million for the quarter. Equities 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 initiated a share repurchase plan on Wednesday, November 12th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

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

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.