Verus Capital Partners LLC Lowers Position in Sterling Infrastructure, Inc. $STRL

Verus Capital Partners LLC cut its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 19.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,890 shares of the construction company’s stock after selling 2,430 shares during the quarter. Verus Capital Partners LLC’s holdings in Sterling Infrastructure were worth $2,282,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in STRL. Bessemer Group Inc. boosted its holdings in shares of Sterling Infrastructure by 119.3% during the 2nd quarter. Bessemer Group Inc. now owns 125 shares of the construction company’s stock valued at $29,000 after buying an additional 68 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Sterling Infrastructure during the second quarter valued at approximately $29,000. Golden State Wealth Management LLC grew its stake in shares of Sterling Infrastructure by 54.8% in the 2nd quarter. Golden State Wealth Management LLC now owns 144 shares of the construction company’s stock worth $33,000 after buying an additional 51 shares during the last quarter. Armstrong Advisory Group Inc. raised its stake in Sterling Infrastructure by 93.2% during the second quarter. Armstrong Advisory Group Inc. now owns 170 shares of the construction company’s stock valued at $39,000 after buying an additional 82 shares during the last quarter. Finally, MCF Advisors LLC boosted its holdings in Sterling Infrastructure by 97.7% in the second quarter. MCF Advisors LLC now owns 172 shares of the construction company’s stock worth $40,000 after acquiring an additional 85 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on STRL shares. 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. Weiss Ratings restated a “buy (b)” rating on shares of Sterling Infrastructure in a research report on Wednesday, October 8th. DA Davidson boosted their price target on shares of Sterling Infrastructure from $355.00 to $460.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Finally, Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Monday, November 3rd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $460.00.

Sterling Infrastructure Stock Performance

NASDAQ:STRL opened at $384.45 on Tuesday. The firm has a market capitalization of $11.81 billion, a PE ratio of 41.79, a PEG ratio of 2.98 and a beta of 1.39. The stock’s fifty day moving average is $347.95 and its 200 day moving average is $270.30. Sterling Infrastructure, Inc. has a fifty-two week low of $96.34 and a fifty-two week high of $419.14. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.42 and a current ratio of 1.42.

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. Sterling Infrastructure had a net margin of 13.33% and a return on equity of 27.93%. The business had revenue of $403.58 million for the quarter. On average, sell-side analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current year.

About Sterling Infrastructure

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.