Janney Montgomery Scott LLC Sells 4,456 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Janney Montgomery Scott LLC lowered its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 30.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,180 shares of the construction company's stock after selling 4,456 shares during the quarter. Janney Montgomery Scott LLC's holdings in Sterling Infrastructure were worth $1,715,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in STRL. Chartwell Investment Partners LLC raised its position in Sterling Infrastructure by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 8,958 shares of the construction company's stock valued at $1,299,000 after purchasing an additional 70 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Sterling Infrastructure by 45.2% during the 3rd quarter. GAMMA Investing LLC now owns 302 shares of the construction company's stock valued at $44,000 after purchasing an additional 94 shares during the last quarter. Quarry LP raised 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 valued at $25,000 after buying an additional 143 shares in the last quarter. Signaturefd LLC lifted its position in Sterling Infrastructure by 119.3% in the 3rd quarter. Signaturefd LLC now owns 296 shares of the construction company's stock worth $43,000 after buying an additional 161 shares during the last quarter. Finally, Aprio Wealth Management LLC boosted its stake in Sterling Infrastructure by 5.4% in the fourth quarter. Aprio Wealth Management LLC now owns 3,161 shares of the construction company's stock worth $532,000 after buying an additional 161 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

Insider Buying and Selling at Sterling Infrastructure

In related news, Director Dana C. O'brien sold 2,000 shares of the firm's stock in a transaction on Wednesday, December 18th. The stock was 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 SEC, which is available through this link. Corporate insiders own 3.80% of the company's stock.

Sterling Infrastructure Trading Up 3.4 %

Sterling Infrastructure stock traded up $4.87 during trading hours on Thursday, reaching $148.35. The company had a trading volume of 392,960 shares, compared to its average volume of 478,482. 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 12-month low of $76.01 and a 12-month high of $206.07. The company has a 50-day moving average price of $173.97 and a 200 day moving average price of $152.70. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 25.06, a P/E/G ratio of 1.47 and a beta of 1.24.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last issued its earnings results on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.68 by $0.29. The company had revenue of $593.74 million for the quarter, compared to the consensus estimate of $599.90 million. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. During the same period in the previous year, the firm earned $1.26 earnings per share. Equities analysts forecast that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on the stock. StockNews.com downgraded shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Thursday. William Blair assumed coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an "outperform" rating for the company.

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.