Advantage Alpha Capital Partners LP Sells 20,437 Shares of Sterling Infrastructure, Inc. $STRL

Advantage Alpha Capital Partners LP lessened its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 58.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,441 shares of the construction company’s stock after selling 20,437 shares during the period. Advantage Alpha Capital Partners LP’s holdings in Sterling Infrastructure were worth $3,332,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in STRL. Avantax Advisory Services Inc. lifted its holdings in Sterling Infrastructure by 62.6% during the first quarter. Avantax Advisory Services Inc. now owns 4,406 shares of the construction company’s stock valued at $499,000 after purchasing an additional 1,697 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Sterling Infrastructure by 133.0% during the 1st quarter. Cetera Investment Advisers now owns 21,718 shares of the construction company’s stock valued at $2,459,000 after buying an additional 12,395 shares in the last quarter. Assetmark Inc. boosted its holdings in Sterling Infrastructure by 5.4% in the 1st quarter. Assetmark Inc. now owns 1,372 shares of the construction company’s stock worth $155,000 after buying an additional 70 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Sterling Infrastructure by 4.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,960 shares of the construction company’s stock valued at $1,014,000 after buying an additional 377 shares in the last quarter. Finally, Foundations Investment Advisors LLC bought a new stake in Sterling Infrastructure during the 1st quarter valued at $235,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Price Performance

NASDAQ:STRL opened at $339.75 on Friday. Sterling Infrastructure, Inc. has a 52-week low of $96.34 and a 52-week high of $419.14. The stock has a fifty day moving average of $357.38 and a 200 day moving average of $284.69. 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 firm 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.

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

Sterling Infrastructure announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 12th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 3.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

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

Sterling Infrastructure Company 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.