Burney Co. Buys 2,678 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Burney Co. grew its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 9.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,085 shares of the construction company's stock after buying an additional 2,678 shares during the quarter. Burney Co. owned 0.10% of Sterling Infrastructure worth $3,406,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Sterling Infrastructure by 30.0% during the fourth quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company's stock valued at $425,135,000 after buying an additional 581,847 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Sterling Infrastructure by 78.5% in the 4th quarter. Capital Research Global Investors now owns 574,976 shares of the construction company's stock valued at $96,855,000 after acquiring an additional 252,934 shares in the last quarter. First Trust Advisors LP increased its position in Sterling Infrastructure by 74.1% in the 4th quarter. First Trust Advisors LP now owns 356,339 shares of the construction company's stock worth $60,025,000 after buying an additional 151,642 shares during the period. Invesco Ltd. grew its holdings in shares of Sterling Infrastructure by 22.5% during the 4th quarter. Invesco Ltd. now owns 757,273 shares of the construction company's stock worth $127,563,000 after purchasing an additional 139,081 shares in the last quarter. Finally, GW&K Investment Management LLC grew its holdings in shares of Sterling Infrastructure by 37.7% during the 1st quarter. GW&K Investment Management LLC now owns 500,028 shares of the construction company's stock worth $56,608,000 after purchasing an additional 136,777 shares in the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on STRL shares. DA Davidson boosted their price target on Sterling Infrastructure from $205.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. Wall Street Zen downgraded Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Saturday, July 5th.

Sterling Infrastructure Stock Performance

Shares of STRL traded up $15.46 during mid-day trading on Friday, reaching $268.14. The company's stock had a trading volume of 559,222 shares, compared to its average volume of 672,064. Sterling Infrastructure, Inc. has a 1-year low of $93.50 and a 1-year high of $269.44. The stock has a market cap of $8.15 billion, a P/E ratio of 31.32, a PEG ratio of 2.09 and a beta of 1.40. The business has a 50-day simple moving average of $216.50 and a two-hundred day simple moving average of $167.91. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.34.

Insider Buying and Selling

In other news, General Counsel Mark D. Wolf sold 3,500 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $225.87, for a total value of $790,545.00. Following the completion of the sale, the general counsel directly owned 29,315 shares of the company's stock, valued at $6,621,379.05. This trade represents a 10.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Dana C. O'brien sold 10,154 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $206.58, for a total value of $2,097,613.32. Following the completion of the sale, the director directly owned 16,498 shares of the company's stock, valued at approximately $3,408,156.84. The trade was a 38.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company's stock.

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.