Phocas Financial Corp. Sells 48,478 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Phocas Financial Corp. trimmed its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 32.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 99,064 shares of the construction company's stock after selling 48,478 shares during the period. Sterling Infrastructure makes up about 1.2% of Phocas Financial Corp.'s holdings, making the stock its 22nd biggest position. Phocas Financial Corp. owned approximately 0.32% of Sterling Infrastructure worth $8,711,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. grew its stake in Sterling Infrastructure by 9.1% in the second quarter. Ameritas Investment Partners Inc. now owns 2,474 shares of the construction company's stock valued at $138,000 after purchasing an additional 206 shares in the last quarter. FMR LLC grew its stake in Sterling Infrastructure by 53.5% in the first quarter. FMR LLC now owns 674 shares of the construction company's stock valued at $26,000 after purchasing an additional 235 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Sterling Infrastructure by 1.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 21,661 shares of the construction company's stock valued at $821,000 after purchasing an additional 329 shares in the last quarter. CWM LLC grew its stake in Sterling Infrastructure by 6.5% in the third quarter. CWM LLC now owns 5,735 shares of the construction company's stock valued at $421,000 after purchasing an additional 350 shares in the last quarter. Finally, Lazard Asset Management LLC grew its stake in Sterling Infrastructure by 10.2% in the fourth quarter. Lazard Asset Management LLC now owns 4,227 shares of the construction company's stock valued at $138,000 after purchasing an additional 390 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Down 0.6 %

Shares of STRL traded down $0.64 during trading hours on Friday, hitting $104.89. 135,249 shares of the company were exchanged, compared to its average volume of 295,081. The company has a market cap of $3.24 billion, a PE ratio of 23.57, a PEG ratio of 1.05 and a beta of 1.19. The firm's 50 day moving average is $100.36 and its 200-day moving average is $83.20. Sterling Infrastructure, Inc. has a 52 week low of $35.19 and a 52 week high of $116.36. 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 (NASDAQ:STRL - Get Free Report) last released its quarterly earnings results on Monday, February 26th. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.30. The company had revenue of $485.98 million during the quarter, compared to the consensus estimate of $526.90 million. Sterling Infrastructure had a return on equity of 24.75% and a net margin of 7.03%. On average, equities research analysts forecast that Sterling Infrastructure, Inc. will post 4.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, DA Davidson reiterated a "neutral" rating and set a $115.00 price target (up previously from $86.00) on shares of Sterling Infrastructure in a research note on Wednesday, February 28th.

Insider Buying and Selling

In related news, General Counsel Mark D. Wolf sold 4,000 shares of the business's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $108.16, for a total transaction of $432,640.00. Following the completion of the transaction, the general counsel now owns 31,048 shares of the company's stock, valued at approximately $3,358,151.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $110.90, for a total value of $166,350.00. Following the completion of the transaction, the general counsel now owns 29,548 shares of the company's stock, valued at approximately $3,276,873.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Mark D. Wolf sold 4,000 shares of the company's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $108.16, for a total value of $432,640.00. Following the completion of the transaction, the general counsel now directly owns 31,048 shares of the company's stock, valued at approximately $3,358,151.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 198,172 shares of company stock valued at $22,019,320. Insiders own 3.70% of the company's stock.

Sterling Infrastructure Company 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.