Sterling Infrastructure, Inc. $STRL Position Reduced by Boston Partners

Boston Partners trimmed its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 11.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,829 shares of the construction company's stock after selling 29,118 shares during the quarter. Boston Partners owned approximately 0.76% of Sterling Infrastructure worth $55,654,000 at the end of the most recent quarter.

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Several other institutional investors have also made changes to their positions in the company. Hantz Financial Services Inc. boosted its stake in Sterling Infrastructure by 16.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 295 shares of the construction company's stock worth $68,000 after purchasing an additional 41 shares during the period. CWC Advisors LLC. lifted its holdings in shares of Sterling Infrastructure by 2.4% in the second quarter. CWC Advisors LLC. now owns 1,858 shares of the construction company's stock valued at $429,000 after purchasing an additional 43 shares in the last quarter. Richardson Financial Services Inc. grew its holdings in shares of Sterling Infrastructure by 32.9% during the second quarter. Richardson Financial Services Inc. now owns 190 shares of the construction company's stock valued at $42,000 after buying an additional 47 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of Sterling Infrastructure by 9.4% during the second quarter. Private Trust Co. NA now owns 591 shares of the construction company's stock valued at $136,000 after buying an additional 51 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its position 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 valued at $33,000 after buying an additional 51 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Stock Performance

STRL stock opened at $339.75 on Friday. The firm has a 50 day moving average of $357.38 and a two-hundred day moving average of $284.69. 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 $10.44 billion, a price-to-earnings ratio of 36.93, a P/E/G ratio of 2.98 and a beta of 1.39. 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 released its quarterly earnings data on Monday, June 3rd. The construction company reported $0.64 earnings per share (EPS) for the quarter. The business had revenue of $403.58 million during the quarter. Sterling Infrastructure had a net margin of 13.33% and a return on equity of 27.93%. As a group, equities analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

Sterling Infrastructure declared that its Board of Directors has approved a share buyback plan on Wednesday, November 12th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 3.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on STRL shares. DA Davidson raised their price objective on Sterling Infrastructure from $355.00 to $460.00 and gave the stock a "buy" rating in a research report on Wednesday, November 5th. Zacks Research cut shares of Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a report on Monday, November 3rd. 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. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Sterling Infrastructure in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Sterling Infrastructure currently has an average rating of "Moderate Buy" and a consensus target price of $460.00.

Read Our Latest Analysis on Sterling Infrastructure

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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