Rep. Lisa C. McClain Sells Off Shares of SBA Communications Corporation (NASDAQ:SBAC)

Key Points

• Representative Lisa C. McClain sold shares of SBA Communications Corporation (NASDAQ:SBAC) valued between $1,001 and $15,000 on September 25, which was disclosed on October 22.
• SBA Communications recently reported strong quarterly earnings, with earnings per share of $3.17 beating estimates and a revenue of $698.98 million, reflecting a year-over-year increase of 5.8%.
• The company announced a quarterly dividend of $1.11 per share, which corresponds to an annualized dividend of $4.44 and a dividend yield of 2.3%.

Representative Lisa C. McClain (R-Michigan) recently sold shares of SBA Communications Corporation NASDAQ: SBAC. In a filing disclosed on October 22nd, the Representative disclosed that they had sold between $1,001 and $15,000 in SBA Communications stock on September 25th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of FMC NYSE: FMC on 9/25/2025.
• Sold $1,001 - $15,000 in shares of Merit Medical Systems NASDAQ: MMSI on 9/25/2025.
• Purchased $1,001 - $15,000 in shares of Darden Restaurants NYSE: DRI on 9/25/2025.
• Purchased $1,001 - $15,000 in shares of ASML NASDAQ: ASML on 9/25/2025.
• Purchased $1,001 - $15,000 in shares of Kenvue NYSE: KVUE on 9/25/2025.
• Sold $1,001 - $15,000 in shares of Beacon Financial NYSE: BBT on 9/25/2025.
• Sold $1,001 - $15,000 in shares of British American Tobacco NYSE: BTI on 9/25/2025.
• Purchased $1,001 - $15,000 in shares of Rollins NYSE: ROL on 9/25/2025.
• Purchased $1,001 - $15,000 in shares of SAP NYSE: SAP on 9/25/2025.
• Purchased $1,001 - $15,000 in shares of MGP Ingredients NASDAQ: MGPI on 9/25/2025.

SBA Communications Stock Performance

Shares of NASDAQ SBAC opened at $196.10 on Friday. The company has a 50 day simple moving average of $199.92 and a two-hundred day simple moving average of $219.07. SBA Communications Corporation has a fifty-two week low of $185.45 and a fifty-two week high of $247.04. The company has a market capitalization of $21.06 billion, a price-to-earnings ratio of 24.92, a P/E/G ratio of 2.08 and a beta of 0.82.

SBA Communications (NASDAQ:SBAC - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The technology company reported $3.17 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.07. The company had revenue of $698.98 million for the quarter, compared to the consensus estimate of $670.73 million. SBA Communications had a negative return on equity of 16.83% and a net margin of 31.19%.The firm's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.29 EPS. SBA Communications has set its FY 2025 guidance at EPS. On average, analysts forecast that SBA Communications Corporation will post 12.57 earnings per share for the current fiscal year.

SBA Communications Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, August 21st were paid a dividend of $1.11 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.3%. SBA Communications's dividend payout ratio (DPR) is currently 56.42%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Barclays reduced their price target on SBA Communications from $257.00 to $226.00 and set an "overweight" rating for the company in a report on Monday, September 15th. Morgan Stanley dropped their price target on shares of SBA Communications from $260.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 16th. JMP Securities set a $280.00 price objective on shares of SBA Communications and gave the company a "market outperform" rating in a research note on Tuesday, August 5th. Citigroup decreased their target price on shares of SBA Communications from $265.00 to $235.00 and set a "buy" rating for the company in a report on Thursday, October 16th. Finally, Raymond James Financial set a $265.00 price target on shares of SBA Communications and gave the company a "strong-buy" rating in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $242.40.

Institutional Trading of SBA Communications

Institutional investors have recently made changes to their positions in the stock. NorthCrest Asset Manangement LLC grew its stake in shares of SBA Communications by 3.0% in the second quarter. NorthCrest Asset Manangement LLC now owns 1,535 shares of the technology company's stock worth $359,000 after acquiring an additional 44 shares during the period. Farther Finance Advisors LLC boosted its holdings in SBA Communications by 22.0% in the first quarter. Farther Finance Advisors LLC now owns 250 shares of the technology company's stock worth $55,000 after purchasing an additional 45 shares during the last quarter. Janney Montgomery Scott LLC grew its position in SBA Communications by 0.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 6,130 shares of the technology company's stock worth $1,440,000 after purchasing an additional 46 shares during the period. Advisors Asset Management Inc. raised its stake in SBA Communications by 5.6% during the 1st quarter. Advisors Asset Management Inc. now owns 880 shares of the technology company's stock valued at $194,000 after buying an additional 47 shares during the last quarter. Finally, MAI Capital Management lifted its holdings in shares of SBA Communications by 7.9% during the 2nd quarter. MAI Capital Management now owns 680 shares of the technology company's stock valued at $160,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 97.35% of the company's stock.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About SBA Communications

SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 39,000 communications sites throughout the Americas, Africa and in Asia, SBA is listed on NASDAQ under the symbol SBAC.

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