Foundry Partners LLC Has $651,000 Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Foundry Partners LLC reduced its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 6.5% during the fourth quarter, HoldingsChannel reports. The firm owned 7,400 shares of the construction company’s stock after selling 515 shares during the period. Foundry Partners LLC’s holdings in Sterling Infrastructure were worth $651,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of STRL. CWM LLC boosted its stake in shares of Sterling Infrastructure by 6.5% in the 3rd quarter. CWM LLC now owns 5,735 shares of the construction company’s stock valued at $421,000 after purchasing an additional 350 shares during the last quarter. SG Americas Securities LLC increased its stake in Sterling Infrastructure by 101.8% in the third quarter. SG Americas Securities LLC now owns 5,472 shares of the construction company’s stock valued at $402,000 after purchasing an additional 2,760 shares in the last quarter. Kessler Investment Group LLC acquired a new position in shares of Sterling Infrastructure during the third quarter valued at about $115,000. Commonwealth Equity Services LLC acquired a new position in shares of Sterling Infrastructure during the third quarter valued at about $437,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Sterling Infrastructure during the 3rd quarter worth about $619,000. 80.95% of the stock is owned by institutional investors.

Insider Activity

In related news, General Counsel Mark D. Wolf sold 4,134 shares of Sterling Infrastructure stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $106.22, for a total value of $439,113.48. Following the completion of the sale, the general counsel now owns 35,048 shares of the company’s stock, valued at approximately $3,722,798.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Joseph A. Cutillo sold 33,214 shares of Sterling Infrastructure stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $108.71, for a total value of $3,610,693.94. Following the completion of the sale, the chief executive officer now owns 695,245 shares of the company’s stock, valued at approximately $75,580,083.95. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Mark D. Wolf sold 4,134 shares of Sterling Infrastructure stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $106.22, for a total value of $439,113.48. Following the completion of the sale, the general counsel now directly owns 35,048 shares of the company’s stock, valued at approximately $3,722,798.56. The disclosure for this sale can be found here. Insiders sold a total of 198,172 shares of company stock valued at $22,019,320 in the last ninety days. 3.80% of the stock is currently owned by insiders.

Sterling Infrastructure Price Performance

Shares of NASDAQ:STRL opened at $97.41 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.50. The stock’s fifty day simple moving average is $102.58 and its two-hundred day simple moving average is $84.28. Sterling Infrastructure, Inc. has a 1-year low of $35.56 and a 1-year high of $116.36. The stock has a market cap of $3.01 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 0.97 and a beta of 1.19.

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

Analyst Ratings Changes

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

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.