HHM Wealth Advisors LLC Has $404,000 Stock Position in Sterling Infrastructure, Inc. $STRL

HHM Wealth Advisors LLC raised its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 46.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,753 shares of the construction company’s stock after buying an additional 557 shares during the period. HHM Wealth Advisors LLC’s holdings in Sterling Infrastructure were worth $404,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its stake in shares of Sterling Infrastructure by 30.3% in the first quarter. Envestnet Asset Management Inc. now owns 78,454 shares of the construction company’s stock valued at $8,882,000 after buying an additional 18,254 shares in the last quarter. Cerity Partners LLC grew its holdings in Sterling Infrastructure by 40.9% during the 1st quarter. Cerity Partners LLC now owns 6,601 shares of the construction company’s stock worth $747,000 after acquiring an additional 1,916 shares during the last quarter. Victory Capital Management Inc. increased its position in Sterling Infrastructure by 58.1% in the 1st quarter. Victory Capital Management Inc. now owns 73,968 shares of the construction company’s stock valued at $8,374,000 after acquiring an additional 27,182 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Sterling Infrastructure by 7.1% in the first quarter. Jennison Associates LLC now owns 5,803 shares of the construction company’s stock worth $657,000 after acquiring an additional 386 shares during the last quarter. Finally, Diversify Advisory Services LLC raised its stake in shares of Sterling Infrastructure by 52.7% in the first quarter. Diversify Advisory Services LLC now owns 2,619 shares of the construction company’s stock worth $296,000 after acquiring an additional 904 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Trading Up 0.3%

Shares of NASDAQ STRL opened at $333.88 on Wednesday. The company’s 50 day simple moving average is $355.85 and its 200 day simple moving average is $278.53. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.42 and a quick ratio of 1.42. Sterling Infrastructure, Inc. has a fifty-two week low of $96.34 and a fifty-two week high of $419.14. The firm has a market capitalization of $10.26 billion, a P/E ratio of 36.29, a P/E/G ratio of 2.98 and a beta of 1.39.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings results on Monday, June 3rd. The construction company reported $0.64 earnings per share for the quarter. Sterling Infrastructure had a return on equity of 27.93% and a net margin of 13.33%.The company had revenue of $403.58 million for the quarter. On average, analysts predict that Sterling Infrastructure, Inc. will post 5.98 EPS for the current year.

Sterling Infrastructure announced that its Board of Directors 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 repurchase up to 3.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

STRL has been the topic of several research analyst reports. Wall Street Zen cut shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 26th. DA Davidson increased their price objective on Sterling Infrastructure from $355.00 to $460.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Sterling Infrastructure in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $460.00.

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.