Sterling Infrastructure (NASDAQ:STRL) Reaches New 52-Week High – Time to Buy?

Sterling Infrastructure, Inc. (NASDAQ:STRL)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $173.84 and last traded at $170.54, with a volume of 4322 shares. The stock had previously closed at $157.22.

Analyst Ratings Changes

Separately, StockNews.com lowered Sterling Infrastructure from a “buy” rating to a “hold” rating in a research report on Sunday, September 15th.

Sterling Infrastructure Price Performance

The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.44. The stock’s 50 day moving average price is $141.64 and its two-hundred day moving average price is $124.90. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 30.18, a price-to-earnings-growth ratio of 1.81 and a beta of 1.15.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Monday, August 5th. The construction company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.24. The company had revenue of $582.82 million for the quarter, compared to the consensus estimate of $553.70 million. Sterling Infrastructure had a return on equity of 25.64% and a net margin of 7.85%. During the same period last year, the firm earned $1.27 EPS. Equities research analysts forecast that Sterling Infrastructure, Inc. will post 5.66 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $143.59, for a total value of $2,685,133.00. Following the completion of the transaction, the executive vice president now owns 248,471 shares in the company, valued at approximately $35,677,950.89. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Sterling Infrastructure

A number of institutional investors have recently added to or reduced their stakes in STRL. Capital Performance Advisors LLP acquired a new position in Sterling Infrastructure in the 3rd quarter valued at $26,000. Hantz Financial Services Inc. acquired a new position in Sterling Infrastructure during the second quarter worth about $30,000. Huntington National Bank raised its holdings in Sterling Infrastructure by 21,300.0% in the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company’s stock valued at $31,000 after acquiring an additional 213 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Sterling Infrastructure by 391.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock worth $33,000 after purchasing an additional 219 shares in the last quarter. Finally, Crewe Advisors LLC increased its stake in shares of Sterling Infrastructure by 85.4% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock worth $35,000 after acquiring an additional 135 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

About Sterling Infrastructure

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.