Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $705,000 Stake in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management decreased its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 10.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,187 shares of the construction company’s stock after selling 480 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Sterling Infrastructure were worth $705,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its position in shares of Sterling Infrastructure by 1,088.1% during the third quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock worth $51,561,000 after purchasing an additional 325,620 shares during the period. International Assets Investment Management LLC raised its position in shares of Sterling Infrastructure by 14,112.0% during the third quarter. International Assets Investment Management LLC now owns 142,120 shares of the construction company’s stock worth $20,610,000 after purchasing an additional 141,120 shares during the period. Congress Asset Management Co. raised its position in shares of Sterling Infrastructure by 19.1% during the third quarter. Congress Asset Management Co. now owns 647,924 shares of the construction company’s stock worth $93,962,000 after purchasing an additional 104,096 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Sterling Infrastructure by 19.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 617,901 shares of the construction company’s stock worth $89,608,000 after purchasing an additional 102,101 shares during the period. Finally, Rockefeller Capital Management L.P. raised its position in shares of Sterling Infrastructure by 58.9% during the third quarter. Rockefeller Capital Management L.P. now owns 128,824 shares of the construction company’s stock worth $18,682,000 after purchasing an additional 47,734 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Stock Down 2.3 %

NASDAQ:STRL opened at $139.68 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market cap of $4.29 billion, a PE ratio of 23.59, a PEG ratio of 2.07 and a beta of 1.26. Sterling Infrastructure, Inc. has a 52-week low of $74.44 and a 52-week high of $206.07. The stock has a 50-day simple moving average of $180.47 and a 200 day simple moving average of $152.03.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.29. The business had revenue of $593.74 million during the quarter, compared to the consensus estimate of $599.90 million. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. During the same period last year, the company earned $1.26 earnings per share. On average, sell-side analysts expect that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, William Blair began coverage on Sterling Infrastructure in a research report on Friday, January 17th. They set an “outperform” rating on the stock.

Insider Buying and Selling

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 25,901 shares in the company, valued at $4,555,726.89. This trade represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is owned by corporate insiders.

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.