Insider Selling: Sterling Infrastructure, Inc. (NASDAQ:STRL) EVP Sells 18,700 Shares of Stock

Sterling Infrastructure, Inc. (NASDAQ:STRL) EVP Ronald A. Ballschmiede sold 18,700 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $143.59, for a total value of $2,685,133.00. Following the sale, the executive vice president now directly owns 248,471 shares of the company’s stock, valued at $35,677,950.89. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Sterling Infrastructure Stock Performance

STRL opened at $145.94 on Thursday. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of 30.34, a P/E/G ratio of 1.76 and a beta of 1.16. The business’s 50-day moving average price is $117.69 and its two-hundred day moving average price is $115.33. Sterling Infrastructure, Inc. has a 1 year low of $55.45 and a 1 year high of $152.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.24 and a quick ratio of 1.24.

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

Wall Street Analyst Weigh In

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

Institutional Trading of Sterling Infrastructure

A number of institutional investors have recently made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Sterling Infrastructure in the 2nd quarter valued at $1,538,000. Cetera Investment Advisers increased its position in shares of Sterling Infrastructure by 12.4% in the second quarter. Cetera Investment Advisers now owns 12,149 shares of the construction company’s stock valued at $1,438,000 after acquiring an additional 1,341 shares during the last quarter. Invst LLC raised its holdings in Sterling Infrastructure by 60.5% during the second quarter. Invst LLC now owns 5,849 shares of the construction company’s stock worth $671,000 after acquiring an additional 2,205 shares in the last quarter. Creative Planning acquired a new position in Sterling Infrastructure during the second quarter valued at approximately $361,000. Finally, Driehaus Capital Management LLC grew its stake in Sterling Infrastructure by 11.4% in the second quarter. Driehaus Capital Management LLC now owns 533,606 shares of the construction company’s stock valued at $63,147,000 after purchasing an additional 54,727 shares in the last quarter. Institutional investors 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.