Sterling Infrastructure (NASDAQ:STRL) Now Covered by William Blair

William Blair started coverage on shares of Sterling Infrastructure (NASDAQ:STRL) in a research report released on Friday morning, Marketbeat.com reports. The brokerage issued an outperform rating on the construction company’s stock.

Sterling Infrastructure Stock Up 2.3 %

STRL stock opened at $182.51 on Friday. The company has a 50 day moving average price of $181.83 and a two-hundred day moving average price of $148.47. 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 $5.60 billion, a P/E ratio of 30.83, a PEG ratio of 1.69 and a beta of 1.26. Sterling Infrastructure has a one year low of $69.61 and a one year high of $203.49.

Sterling Infrastructure (NASDAQ:STRL) last announced 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 business had revenue of $593.74 million during the quarter, compared to the consensus estimate of $599.90 million. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. During the same quarter in the previous year, the business earned $1.26 earnings per share. As a group, sell-side analysts expect that Sterling Infrastructure will post 5.96 EPS for the current year.

Insider Transactions at Sterling Infrastructure

In other news, Director Dana C. O’brien sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total transaction of $351,780.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Mutual Advisors LLC acquired a new stake in Sterling Infrastructure during the fourth quarter worth about $309,000. SG Americas Securities LLC lifted its stake in shares of Sterling Infrastructure by 24.4% in the 4th quarter. SG Americas Securities LLC now owns 5,555 shares of the construction company’s stock valued at $936,000 after purchasing an additional 1,089 shares in the last quarter. Perpetual Ltd grew its holdings in shares of Sterling Infrastructure by 31.7% during the 4th quarter. Perpetual Ltd now owns 4,375 shares of the construction company’s stock worth $737,000 after purchasing an additional 1,054 shares during the period. Koshinski Asset Management Inc. acquired a new stake in Sterling Infrastructure during the 4th quarter worth approximately $1,041,000. Finally, Diversify Wealth Management LLC raised its holdings in Sterling Infrastructure by 18.7% in the fourth quarter. Diversify Wealth Management LLC now owns 5,320 shares of the construction company’s stock valued at $870,000 after buying an additional 838 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

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.