Sterling Infrastructure, Inc. (NASDAQ:STRL) Director Sells $351,780.00 in Stock

Sterling Infrastructure, Inc. (NASDAQ:STRL) Director Dana C. O’brien sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the transaction, the director now directly owns 25,901 shares of the company’s stock, valued at $4,555,726.89. The trade was a 7.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL traded up $7.58 during mid-day trading on Thursday, reaching $174.72. The company’s stock had a trading volume of 666,819 shares, compared to its average volume of 355,367. The stock has a 50-day moving average of $176.55 and a two-hundred day moving average of $140.20. 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 stock has a market capitalization of $5.37 billion, a P/E ratio of 29.51, a P/E/G ratio of 2.11 and a beta of 1.22. Sterling Infrastructure, Inc. has a 1-year low of $69.61 and a 1-year high of $203.49.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.29. The company had revenue of $593.74 million during the quarter, compared to the consensus estimate of $599.90 million. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. During the same quarter in the prior year, the firm earned $1.26 EPS. On average, equities research analysts anticipate that Sterling Infrastructure, Inc. will post 5.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Sterling Infrastructure

A number of institutional investors have recently added to or reduced their stakes in STRL. Principal Financial Group Inc. grew its holdings in Sterling Infrastructure by 1,088.1% in the 3rd quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock valued at $51,561,000 after buying an additional 325,620 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of Sterling Infrastructure in the third quarter valued at about $4,395,000. Sanctuary Advisors LLC purchased a new stake in shares of Sterling Infrastructure in the third quarter valued at about $488,000. Virtu Financial LLC acquired a new stake in Sterling Infrastructure during the third quarter worth about $732,000. Finally, Invst LLC raised its stake in Sterling Infrastructure by 17.6% during the third quarter. Invst LLC now owns 6,876 shares of the construction company’s stock worth $997,000 after purchasing an additional 1,027 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.