F m Investments LLC Trims Holdings in Sterling Infrastructure, Inc. $STRL

F m Investments LLC reduced its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 44.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 23,055 shares of the construction company's stock after selling 18,532 shares during the period. F m Investments LLC owned approximately 0.08% of Sterling Infrastructure worth $5,319,000 as of its most recent filing with the SEC.

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A number of other institutional investors also recently bought and sold shares of STRL. Millennium Management LLC boosted its stake in shares of Sterling Infrastructure by 743.9% during the first quarter. Millennium Management LLC now owns 493,393 shares of the construction company's stock worth $55,857,000 after buying an additional 434,925 shares during the period. Amanah Holdings Trust purchased a new stake in Sterling Infrastructure during the 2nd quarter valued at approximately $44,527,000. Nuveen LLC acquired a new stake in Sterling Infrastructure during the 1st quarter worth approximately $19,741,000. Vanguard Group Inc. grew its stake in shares of Sterling Infrastructure by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 2,682,995 shares of the construction company's stock valued at $303,742,000 after purchasing an additional 159,191 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Sterling Infrastructure by 61.6% in the second quarter. American Century Companies Inc. now owns 354,372 shares of the construction company's stock valued at $81,764,000 after purchasing an additional 135,107 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Up 2.0%

Shares of NASDAQ STRL opened at $339.75 on Friday. The stock has a market capitalization of $10.44 billion, a price-to-earnings ratio of 36.93, a price-to-earnings-growth 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. The firm has a 50-day moving average price of $357.38 and a 200 day moving average price of $284.69. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.31.

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

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

Analysts Set New Price Targets

Several brokerages recently weighed in on STRL. Zacks Research downgraded Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a report on Monday, November 3rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Sterling Infrastructure in a report on Wednesday, October 8th. Wall Street Zen cut shares of Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a report on Friday, September 26th. Finally, DA Davidson raised their price objective on shares of Sterling Infrastructure from $355.00 to $460.00 and gave the company a "buy" rating in a research report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $460.00.

Read Our Latest Research Report on STRL

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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