Burney Co. Sells 1,396 Shares of Sterling Infrastructure, Inc. $STRL

Burney Co. decreased its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 7.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 18,386 shares of the construction company’s stock after selling 1,396 shares during the period. Burney Co.’s holdings in Sterling Infrastructure were worth $7,488,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. World Investment Advisors boosted its position in shares of Sterling Infrastructure by 2.4% during the first quarter. World Investment Advisors now owns 870 shares of the construction company’s stock valued at $354,000 after purchasing an additional 20 shares in the last quarter. Ritholtz Wealth Management raised its holdings in Sterling Infrastructure by 3.6% in the first quarter. Ritholtz Wealth Management now owns 686 shares of the construction company’s stock worth $279,000 after purchasing an additional 24 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Sterling Infrastructure by 33.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock worth $33,000 after purchasing an additional 27 shares in the last quarter. Root Financial Partners LLC lifted its position in Sterling Infrastructure by 28.0% during the first quarter. Root Financial Partners LLC now owns 128 shares of the construction company’s stock valued at $52,000 after buying an additional 28 shares during the period. Finally, CENTRAL TRUST Co lifted its position in Sterling Infrastructure by 7.9% during the fourth quarter. CENTRAL TRUST Co now owns 397 shares of the construction company’s stock valued at $122,000 after buying an additional 29 shares during the period. Institutional investors own 80.95% of the company’s stock.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 50,000 shares of the stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total value of $24,878,500.00. Following the transaction, the chief executive officer owned 290,593 shares of the company’s stock, valued at approximately $144,590,359.01. This represents a 14.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Mark D. Wolf sold 2,500 shares of the stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the completion of the transaction, the general counsel owned 28,137 shares in the company, valued at $24,985,656. This trade represents a 8.16% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on STRL shares. Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, June 1st. Argus initiated coverage on shares of Sterling Infrastructure in a research report on Thursday, April 16th. They set a “buy” rating and a $510.00 price target for the company. Cantor Fitzgerald reissued an “overweight” rating on shares of Sterling Infrastructure in a research note on Thursday, June 18th. Wall Street Zen lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, KeyCorp upped their price objective on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $720.67.

Sterling Infrastructure Trading Up 2.3%

NASDAQ:STRL opened at $717.11 on Tuesday. The company’s 50 day moving average price is $796.19 and its 200-day moving average price is $533.11. Sterling Infrastructure, Inc. has a 52 week low of $225.46 and a 52 week high of $1,005.68. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock has a market cap of $22.01 billion, a price-to-earnings ratio of 64.14, a PEG ratio of 2.55 and a beta of 1.83.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share for the quarter, beating the consensus estimate of $2.29 by $1.30. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. The company had revenue of $825.67 million during the quarter, compared to the consensus estimate of $603.58 million. During the same quarter last year, the firm earned $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, equities research analysts forecast that Sterling Infrastructure, Inc. will post 18.35 earnings per share for the current fiscal year.

About Sterling Infrastructure

Sterling Infrastructure, Inc (NASDAQ: STRL) is a diversified manufacturer and distributor of essential infrastructure products serving municipal, utility and industrial customers across North America. Through its network of wholly owned subsidiaries, the company designs, engineers and produces a wide range of cast and fabricated solutions tailored to the needs of the waterworks, natural gas, telecommunications, electric, traffic safety and parks & recreation markets.

The company’s product portfolio encompasses ductile iron and composite fittings, valve boxes, manhole frames and covers, water and gas meter sets, street light poles and mounting accessories, traffic sign posts with breakaway systems, bollards and related system components.