Lisanti Capital Growth LLC Sells 86,465 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Lisanti Capital Growth LLC decreased its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 62.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 51,895 shares of the construction company’s stock after selling 86,465 shares during the period. Lisanti Capital Growth LLC’s holdings in Sterling Infrastructure were worth $4,563,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. purchased a new stake in Sterling Infrastructure in the fourth quarter worth $60,000. AJOVista LLC purchased a new stake in Sterling Infrastructure in the fourth quarter worth $91,000. Cookson Peirce & Co. Inc. purchased a new stake in Sterling Infrastructure in the fourth quarter worth $212,000. Penobscot Investment Management Company Inc. purchased a new stake in Sterling Infrastructure in the fourth quarter worth $220,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Sterling Infrastructure in the third quarter worth $265,000. Institutional investors own 80.95% of the company’s stock.

Analysts Set New Price Targets

Separately, DA Davidson reaffirmed a “neutral” rating and issued a $115.00 price target (up previously from $86.00) on shares of Sterling Infrastructure in a research note on Wednesday, February 28th.

Insider Buying and Selling

In related news, CEO Joseph A. Cutillo sold 40,713 shares of Sterling Infrastructure stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $111.74, for a total value of $4,549,270.62. Following the completion of the sale, the chief executive officer now directly owns 606,455 shares in the company, valued at approximately $67,765,281.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 40,713 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $111.74, for a total transaction of $4,549,270.62. Following the completion of the sale, the chief executive officer now directly owns 606,455 shares in the company, valued at approximately $67,765,281.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Mark D. Wolf sold 4,134 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $106.22, for a total value of $439,113.48. Following the sale, the general counsel now owns 35,048 shares of the company’s stock, valued at $3,722,798.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 198,172 shares of company stock worth $22,019,320. 3.80% of the stock is owned by corporate insiders.

Sterling Infrastructure Stock Up 4.2 %

Sterling Infrastructure stock traded up $4.22 on Monday, hitting $105.37. 613,014 shares of the stock traded hands, compared to its average volume of 359,644. The business’s fifty day simple moving average is $106.23 and its 200 day simple moving average is $86.22. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.50. The firm has a market cap of $3.26 billion, a P/E ratio of 23.68, a price-to-earnings-growth ratio of 1.02 and a beta of 1.21. Sterling Infrastructure, Inc. has a 1 year low of $41.50 and a 1 year high of $116.36.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Monday, February 26th. The construction company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.00 by $0.30. Sterling Infrastructure had a return on equity of 24.75% and a net margin of 7.03%. The company had revenue of $485.98 million during the quarter, compared to the consensus estimate of $526.90 million. As a group, sell-side analysts forecast that Sterling Infrastructure, Inc. will post 4.98 earnings per share for the current year.

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.