Burney Co. Sells 1,273 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Burney Co. decreased its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 4.1% during the 1st quarter, Holdings Channel reports. The firm owned 30,053 shares of the construction company’s stock after selling 1,273 shares during the period. Burney Co.’s holdings in Sterling Infrastructure were worth $3,315,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Virtu Financial LLC bought a new position in shares of Sterling Infrastructure in the first quarter worth approximately $1,138,000. Bayesian Capital Management LP bought a new position in shares of Sterling Infrastructure in the first quarter worth approximately $450,000. Public Employees Retirement Association of Colorado bought a new position in shares of Sterling Infrastructure in the first quarter worth approximately $462,000. Truvestments Capital LLC bought a new position in shares of Sterling Infrastructure in the first quarter worth approximately $490,000. Finally, JT Stratford LLC bought a new position in shares of Sterling Infrastructure in the first quarter worth approximately $879,000. Institutional investors own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday.

Sterling Infrastructure Trading Down 4.6 %

STRL stock traded down $5.08 on Friday, reaching $104.90. The company’s stock had a trading volume of 671,154 shares, compared to its average volume of 356,073. The business has a fifty day simple moving average of $117.13 and a two-hundred day simple moving average of $106.59. Sterling Infrastructure, Inc. has a 12-month low of $55.45 and a 12-month high of $137.63. The firm has a market cap of $3.24 billion, a PE ratio of 21.81, a PEG ratio of 1.40 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.25 and a current ratio of 1.25.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Monday, May 6th. The construction company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.18. Sterling Infrastructure had a return on equity of 25.06% and a net margin of 7.47%. The company had revenue of $440.36 million during the quarter, compared to analyst estimates of $453.30 million. As a group, research analysts forecast that Sterling Infrastructure, Inc. will post 5.25 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.