Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. reduced its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 22.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 499,943 shares of the construction company's stock after selling 147,981 shares during the period. Congress Asset Management Co. owned 1.63% of Sterling Infrastructure worth $84,215,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Quarry LP lifted its holdings in shares of Sterling Infrastructure by 510.7% during the 3rd quarter. Quarry LP now owns 171 shares of the construction company's stock worth $25,000 after acquiring an additional 143 shares during the period. Capital Performance Advisors LLP purchased a new position in Sterling Infrastructure in the third quarter valued at approximately $26,000. Huntington National Bank raised its holdings in Sterling Infrastructure by 21,300.0% in the third quarter. Huntington National Bank now owns 214 shares of the construction company's stock valued at $31,000 after buying an additional 213 shares during the period. Signaturefd LLC raised its holdings in Sterling Infrastructure by 119.3% in the third quarter. Signaturefd LLC now owns 296 shares of the construction company's stock valued at $43,000 after buying an additional 161 shares during the period. Finally, Private Trust Co. NA purchased a new position in Sterling Infrastructure in the third quarter valued at approximately $78,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Sterling Infrastructure Trading Down 3.0 %

NASDAQ STRL traded down $3.91 during mid-day trading on Wednesday, hitting $126.72. The company's stock had a trading volume of 828,455 shares, compared to its average volume of 495,590. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. Sterling Infrastructure, Inc. has a 52-week low of $81.25 and a 52-week high of $206.07. The stock's fifty day simple moving average is $165.50 and its two-hundred day simple moving average is $154.43. The firm has a market capitalization of $3.89 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 1.37 and a beta of 1.24.

Insider Buying and Selling at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O'brien sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the completion of the sale, the director now owns 25,901 shares of the company's stock, valued at $4,555,726.89. This trade represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on STRL shares. William Blair started coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They issued an "outperform" rating on the stock. StockNews.com lowered shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Thursday, February 6th.

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.