Willis Investment Counsel Sells 12,133 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Willis Investment Counsel trimmed its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 35.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,402 shares of the construction company’s stock after selling 12,133 shares during the quarter. Willis Investment Counsel owned approximately 0.07% of Sterling Infrastructure worth $1,250,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC boosted its position in shares of 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 acquiring an additional 235 shares during the period. Moody National Bank Trust Division boosted its position in shares of Sterling Infrastructure by 1.9% in the first quarter. Moody National Bank Trust Division now owns 15,865 shares of the construction company’s stock valued at $601,000 after acquiring an additional 294 shares during the period. West Oak Capital LLC boosted its position in shares of Sterling Infrastructure by 26.1% in the first quarter. West Oak Capital LLC now owns 1,450 shares of the construction company’s stock valued at $55,000 after acquiring an additional 300 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of 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 acquiring an additional 329 shares during the period. Finally, Koshinski Asset Management Inc. boosted its position in shares of Sterling Infrastructure by 3.8% in the first quarter. Koshinski Asset Management Inc. now owns 10,702 shares of the construction company’s stock valued at $405,000 after acquiring an additional 387 shares during the period. 80.89% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

STRL has been the subject of a number of recent research reports. StockNews.com assumed coverage on shares of Sterling Infrastructure in a research report on Thursday, August 17th. They issued a “buy” rating for the company. DA Davidson upped their price objective on shares of Sterling Infrastructure from $52.00 to $65.00 in a research report on Monday, July 3rd.

Sterling Infrastructure Price Performance

NASDAQ STRL traded down $0.73 during trading on Friday, hitting $74.00. 803,350 shares of the company’s stock were exchanged, compared to its average volume of 321,597. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.61. The company has a market cap of $2.28 billion, a PE ratio of 18.93, a P/E/G ratio of 0.90 and a beta of 1.31. Sterling Infrastructure, Inc. has a fifty-two week low of $20.46 and a fifty-two week high of $84.00. The stock’s 50 day moving average price is $70.62 and its two-hundred day moving average price is $53.12.

Sterling Infrastructure (NASDAQ:STRL) last issued its earnings results on Monday, August 7th. The construction company reported $1.27 EPS for the quarter, topping the consensus estimate of $0.93 by $0.34. The firm had revenue of $522.33 million during the quarter, compared to the consensus estimate of $491.50 million. Sterling Infrastructure had a return on equity of 22.25% and a net margin of 6.23%. Research analysts expect that Sterling Infrastructure, Inc. will post 4.09 EPS for the current year.

Insider Activity

In other news, CFO Ronald A. Ballschmiede sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $52.07, for a total value of $5,207,000.00. Following the completion of the transaction, the chief financial officer now owns 272,023 shares of the company’s stock, valued at $14,164,237.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.70% of the stock is currently owned by insiders.

About Sterling Infrastructure

Sterling Infrastructure, Inc engages in the e-infrastructure, transportation, and building solutions primarily in the Southern United States, the Northeastern and Mid-Atlantic United States, the Rocky Mountain states, California, and Hawaii. It undertakes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater, and storm drainage systems for the departments of transportation in various states, regional transit authorities, airport authorities, port authorities, water authorities and railroads.