Yousif Capital Management LLC Has $3.24 Million Stock Holdings in Sterling Infrastructure, Inc. $STRL

Yousif Capital Management LLC trimmed its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 17.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,537 shares of the construction company’s stock after selling 1,963 shares during the period. Yousif Capital Management LLC’s holdings in Sterling Infrastructure were worth $3,240,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC purchased a new position in Sterling Infrastructure during the 2nd quarter valued at about $26,000. Ameritas Advisory Services LLC purchased a new stake in shares of Sterling Infrastructure in the second quarter worth approximately $29,000. Bessemer Group Inc. boosted its holdings in shares of Sterling Infrastructure by 119.3% during the second quarter. Bessemer Group Inc. now owns 125 shares of the construction company’s stock worth $29,000 after purchasing an additional 68 shares during the period. Rakuten Securities Inc. grew its position in Sterling Infrastructure by 6,950.0% during the second quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock valued at $33,000 after purchasing an additional 139 shares in the last quarter. Finally, Golden State Wealth Management LLC grew 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 purchasing an additional 51 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Stock Performance

Shares of STRL opened at $316.55 on Friday. The firm has a market cap of $9.72 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 2.13 and a beta of 1.49. The company’s fifty day moving average is $343.63 and its 200-day moving average is $303.73. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.26. Sterling Infrastructure, Inc. has a 12 month low of $96.34 and a 12 month high of $419.14.

Sterling Infrastructure (NASDAQ:STRL) 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 14.14% and a return on equity of 29.81%. Equities analysts expect 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.

Wall Street Analysts Forecast Growth

STRL has been the subject of a number of research analyst reports. DA Davidson increased their target price on shares of Sterling Infrastructure from $355.00 to $460.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sterling Infrastructure in a research note on Monday. Wall Street Zen lowered Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Friday, September 26th. Finally, Zacks Research upgraded Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $460.00.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc (NASDAQ: STRL) is a diversified manufacturer and distributor of essential infrastructure products serving municipal, utility and industrial customers across North America. Through its network of wholly owned subsidiaries, the company designs, engineers and produces a wide range of cast and fabricated solutions tailored to the needs of the waterworks, natural gas, telecommunications, electric, traffic safety and parks & recreation markets.

The company’s product portfolio encompasses ductile iron and composite fittings, valve boxes, manhole frames and covers, water and gas meter sets, street light poles and mounting accessories, traffic sign posts with breakaway systems, bollards and related system components.