Great Valley Advisor Group Inc. Reduces Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Great Valley Advisor Group Inc. lessened its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,415 shares of the construction company’s stock after selling 450 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Sterling Infrastructure were worth $388,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. purchased a new stake in Sterling Infrastructure during the 4th quarter worth about $60,000. Cookson Peirce & Co. Inc. purchased a new stake in Sterling Infrastructure during the 4th quarter worth about $212,000. Penobscot Investment Management Company Inc. purchased a new stake in Sterling Infrastructure in the 4th quarter valued at about $220,000. Mackenzie Financial Corp purchased a new stake in Sterling Infrastructure in the 4th quarter valued at about $294,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Sterling Infrastructure in the 3rd quarter valued at about $265,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insider Buying and Selling

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $109.78, for a total value of $2,195,600.00. Following the transaction, the chief executive officer now directly owns 448,133 shares of the company’s stock, valued at approximately $49,196,040.74. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 4,134 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $106.22, for a total value of $439,113.48. Following the transaction, the general counsel now directly owns 35,048 shares of the company’s stock, valued at approximately $3,722,798.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Joseph A. Cutillo sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $109.78, for a total value of $2,195,600.00. Following the completion of the transaction, the chief executive officer now directly owns 448,133 shares in the company, valued at $49,196,040.74. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 198,172 shares of company stock valued at $22,019,320. Corporate insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

Separately, DA Davidson restated a “neutral” rating and issued a $115.00 price target (up previously from $86.00) on shares of Sterling Infrastructure in a report on Wednesday, February 28th.

Sterling Infrastructure Stock Performance

Sterling Infrastructure stock opened at $101.15 on Monday. The stock’s 50 day moving average price is $105.92 and its 200 day moving average price is $85.98. The firm has a market capitalization of $3.13 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 1.02 and a beta of 1.21. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.25 and a current ratio of 1.25. Sterling Infrastructure, Inc. has a one year low of $39.30 and a one year high of $116.36.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Monday, February 26th. The construction company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.00 by $0.30. The firm had revenue of $485.98 million for the quarter, compared to analyst estimates of $526.90 million. Sterling Infrastructure had a return on equity of 24.75% and a net margin of 7.03%. As a group, sell-side analysts expect that Sterling Infrastructure, Inc. will post 4.98 EPS for the current fiscal year.

Sterling Infrastructure 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.