Insider Selling: 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 company’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 sale, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Sterling Infrastructure Stock Performance

STRL opened at $175.20 on Friday. The stock’s 50 day simple moving average is $177.30 and its 200-day simple moving average is $141.04. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock has a market cap of $5.38 billion, a PE ratio of 29.59, 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 posted its earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.29. The business had revenue of $593.74 million for the quarter, compared to analysts’ expectations 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 previous year, the firm posted $1.26 earnings per share. Sell-side analysts forecast that Sterling Infrastructure, Inc. will post 5.96 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Sterling Infrastructure

Several institutional investors have recently bought and sold shares of STRL. Geode Capital Management LLC lifted its holdings in shares of Sterling Infrastructure by 0.5% during the third quarter. Geode Capital Management LLC now owns 719,980 shares of the construction company’s stock valued at $104,431,000 after acquiring an additional 3,918 shares during the period. State Street Corp increased its position in shares of Sterling Infrastructure by 0.7% during the 3rd quarter. State Street Corp now owns 713,234 shares of the construction company’s stock worth $103,433,000 after purchasing an additional 5,106 shares in the last quarter. Congress Asset Management Co. lifted its holdings in Sterling Infrastructure by 19.1% during the 3rd quarter. Congress Asset Management Co. now owns 647,924 shares of the construction company’s stock valued at $93,962,000 after purchasing an additional 104,096 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Sterling Infrastructure by 19.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 617,901 shares of the construction company’s stock valued at $89,608,000 after buying an additional 102,101 shares in the last quarter. Finally, Driehaus Capital Management LLC grew its stake in Sterling Infrastructure by 11.4% during the second quarter. Driehaus Capital Management LLC now owns 533,606 shares of the construction company’s stock worth $63,147,000 after buying an additional 54,727 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.