Mark D. Wolf Sells 1,500 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) Stock

Sterling Infrastructure, Inc. (NASDAQ:STRL) General Counsel Mark D. Wolf sold 1,500 shares of Sterling Infrastructure stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $110.90, for a total transaction of $166,350.00. Following the completion of the sale, the general counsel now directly owns 29,548 shares of the company’s stock, valued at approximately $3,276,873.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Sterling Infrastructure Stock Performance

Shares of STRL opened at $113.43 on Thursday. The company has a market capitalization of $3.51 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 1.12 and a beta of 1.19. Sterling Infrastructure, Inc. has a one year low of $34.23 and a one year high of $116.36. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.25 and a quick ratio of 1.25. The company’s fifty day moving average price is $92.87 and its 200 day moving average price is $80.35.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results on Monday, February 26th. The construction company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.00 by $0.30. The firm had revenue of $485.98 million for the quarter, compared to the consensus estimate of $526.90 million. Sterling Infrastructure had a net margin of 7.03% and a return on equity of 24.75%. As a group, analysts expect that Sterling Infrastructure, Inc. will post 4.98 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Sterling Infrastructure by 60.6% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 53,000 shares of the construction company’s stock worth $4,660,000 after acquiring an additional 20,000 shares during the period. Hennessy Advisors Inc. bought a new position in shares of Sterling Infrastructure during the 4th quarter worth about $32,156,000. Vanguard Group Inc. raised its position in shares of Sterling Infrastructure by 9.1% during the fourth quarter. Vanguard Group Inc. now owns 1,878,941 shares of the construction company’s stock valued at $165,215,000 after buying an additional 156,225 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Sterling Infrastructure by 24.7% in the fourth quarter. Wellington Management Group LLP now owns 78,236 shares of the construction company’s stock valued at $6,879,000 after buying an additional 15,510 shares during the period. Finally, Tucker Asset Management LLC acquired a new stake in Sterling Infrastructure during the fourth quarter worth about $115,000. Institutional investors own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson reaffirmed a “neutral” rating and issued a $115.00 price objective (up previously from $86.00) on shares of Sterling Infrastructure in a research note on Wednesday, February 28th.

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.