Burney Co. Buys 6,956 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Burney Co. grew its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 26.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,507 shares of the construction company’s stock after purchasing an additional 6,956 shares during the period. Burney Co. owned approximately 0.11% of Sterling Infrastructure worth $1,870,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Raymond James & Associates increased its stake in shares of Sterling Infrastructure by 54.0% during the first quarter. Raymond James & Associates now owns 38,728 shares of the construction company’s stock valued at $1,038,000 after purchasing an additional 13,578 shares in the last quarter. Bank of New York Mellon Corp grew its position in Sterling Infrastructure by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 171,699 shares of the construction company’s stock valued at $4,602,000 after purchasing an additional 2,229 shares during the last quarter. US Bancorp DE lifted its stake in shares of Sterling Infrastructure by 288.9% in the first quarter. US Bancorp DE now owns 3,527 shares of the construction company’s stock worth $94,000 after buying an additional 2,620 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Sterling Infrastructure by 11.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 19,700 shares of the construction company’s stock valued at $528,000 after acquiring an additional 2,075 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in Sterling Infrastructure by 18.6% in the 1st quarter. Bank of Montreal Can now owns 10,555 shares of the construction company’s stock worth $295,000 after acquiring an additional 1,659 shares during the last quarter. 80.89% of the stock is owned by institutional investors.

Sterling Infrastructure Trading Down 0.0 %

NASDAQ:STRL opened at $66.99 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. Sterling Infrastructure, Inc. has a 12 month low of $30.19 and a 12 month high of $84.00. The company has a market cap of $2.07 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 0.79 and a beta of 1.27. The company has a 50 day simple moving average of $73.01 and a two-hundred day simple moving average of $63.46.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Sterling Infrastructure in a research report on Thursday, October 5th. They set a “buy” rating on the stock.

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.