Sterling Infrastructure, Inc. $STRL Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 11.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,475 shares of the construction company’s stock after selling 4,291 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.11% of Sterling Infrastructure worth $11,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new position in Sterling Infrastructure in the first quarter valued at $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Sterling Infrastructure by 12.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company’s stock valued at $9,508,000 after acquiring an additional 9,625 shares during the period. Focus Partners Wealth increased its stake in shares of Sterling Infrastructure by 13.7% in the 1st quarter. Focus Partners Wealth now owns 2,313 shares of the construction company’s stock valued at $262,000 after purchasing an additional 279 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Sterling Infrastructure by 9.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,251 shares of the construction company’s stock worth $1,243,000 after purchasing an additional 447 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in Sterling Infrastructure by 67.7% during the second quarter. Farther Finance Advisors LLC now owns 1,746 shares of the construction company’s stock worth $403,000 after purchasing an additional 705 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sterling Infrastructure

In related news, Director Dwayne Andree Wilson sold 2,860 shares of Sterling Infrastructure stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $350.00, for a total transaction of $1,001,000.00. Following the transaction, the director owned 14,749 shares in the company, valued at approximately $5,162,150. This trade represents a 16.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.70% of the company’s stock.

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL opened at $351.39 on Friday. The firm has a 50-day simple moving average of $324.56 and a 200-day simple moving average of $318.89. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of 34.45, a price-to-earnings-growth ratio of 2.06 and a beta of 1.50. Sterling Infrastructure, Inc. has a 52 week low of $96.34 and a 52 week high of $419.14.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, November 3rd. The construction company reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.79 by $0.69. Sterling Infrastructure had a net margin of 14.14% and a return on equity of 29.81%. The company had revenue of $689.02 million during the quarter, compared to analysts’ expectations of $618.80 million. On average, equities analysts predict that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current fiscal year.

Sterling Infrastructure declared that its board has approved a stock repurchase program 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 stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

STRL has been the subject of a number of recent analyst reports. Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Cantor Fitzgerald started coverage on shares of Sterling Infrastructure in a report on Friday. They issued an “overweight” rating and a $413.00 price target for the company. Weiss Ratings downgraded shares of Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Finally, DA Davidson lifted their target price 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. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $436.50.

About Sterling Infrastructure

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.