Jackson Creek Investment Advisors LLC Has $1.52 Million Stock Position in Sterling Infrastructure, Inc. $STRL

Jackson Creek Investment Advisors LLC lowered its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 27.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,480 shares of the construction company’s stock after selling 1,670 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Sterling Infrastructure were worth $1,522,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in STRL. Twin Peaks Wealth Advisors LLC bought a new stake in Sterling Infrastructure in the 2nd quarter valued at $26,000. Root Financial Partners LLC acquired a new stake in shares of Sterling Infrastructure in the 3rd quarter valued at about $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Sterling Infrastructure in the third quarter valued at about $28,000. Ameritas Advisory Services LLC acquired a new position in shares of Sterling Infrastructure during the second quarter worth about $29,000. Finally, Bessemer Group Inc. grew 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 buying an additional 68 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

STRL opened at $367.95 on Tuesday. Sterling Infrastructure, Inc. has a 12-month low of $96.34 and a 12-month high of $419.14. The stock has a market cap of $11.30 billion, a price-to-earnings ratio of 36.07, a PEG ratio of 2.10 and a beta of 1.51. The business has a 50 day moving average of $329.34 and a 200-day moving average of $324.84. 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 (NASDAQ:STRL) last posted its earnings results on Monday, November 3rd. The construction company reported $3.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.79 by $0.69. Sterling Infrastructure had a return on equity of 29.81% and a net margin of 14.14%.The business had revenue of $689.02 million for the quarter, compared to analyst estimates of $618.80 million. On average, equities research analysts expect that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current year.

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

Insider Activity at Sterling Infrastructure

In other news, Director Dwayne Andree Wilson sold 2,860 shares of the 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on STRL shares. Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. DA Davidson raised 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. Weiss Ratings raised shares of Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. Finally, Cantor Fitzgerald initiated coverage on Sterling Infrastructure in a report on Friday, January 23rd. They issued an “overweight” rating and a $413.00 price objective for the company. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Sterling Infrastructure presently has a consensus rating of “Moderate Buy” and an average target price of $436.50.

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.