Burney Co. Has $4.62 Million Stock Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Burney Co. trimmed its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 5.7% during the fourth quarter, Holdings Channel reports. The firm owned 27,407 shares of the construction company’s stock after selling 1,643 shares during the quarter. Burney Co.’s holdings in Sterling Infrastructure were worth $4,617,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in Sterling Infrastructure by 1,088.1% in the 3rd quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock valued at $51,561,000 after acquiring an additional 325,620 shares during the period. International Assets Investment Management LLC raised its holdings in Sterling Infrastructure by 14,112.0% in the 3rd quarter. International Assets Investment Management LLC now owns 142,120 shares of the construction company’s stock valued at $20,610,000 after acquiring an additional 141,120 shares during the period. Congress Asset Management Co. raised its holdings in Sterling Infrastructure by 19.1% in the 3rd quarter. Congress Asset Management Co. now owns 647,924 shares of the construction company’s stock valued at $93,962,000 after acquiring an additional 104,096 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Sterling Infrastructure by 19.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 617,901 shares of the construction company’s stock valued at $89,608,000 after acquiring an additional 102,101 shares during the period. Finally, Sei Investments Co. raised its holdings in Sterling Infrastructure by 190.0% in the 2nd quarter. Sei Investments Co. now owns 89,573 shares of the construction company’s stock valued at $10,600,000 after acquiring an additional 58,682 shares during the period. 80.95% of the stock is owned by institutional investors.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total transaction of $351,780.00. Following the sale, the director now owns 25,901 shares of the company’s stock, valued at approximately $4,555,726.89. The trade was a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.80% of the stock is currently owned by insiders.

Sterling Infrastructure Stock Up 3.4 %

Shares of STRL opened at $177.15 on Thursday. Sterling Infrastructure, Inc. has a 12 month low of $69.61 and a 12 month high of $203.49. The firm’s 50 day moving average is $181.96 and its 200-day moving average is $147.79. The stock has a market capitalization of $5.44 billion, a PE ratio of 29.92, a P/E/G ratio of 2.02 and a beta of 1.26. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.68 by $0.29. The company had revenue of $593.74 million for the quarter, compared to analysts’ expectations of $599.90 million. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. During the same period last year, the firm earned $1.26 earnings per share. Equities research analysts forecast that Sterling Infrastructure, Inc. will post 5.96 EPS 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.