Sterling Infrastructure (NASDAQ:STRL) Shares Down 5.6% – Time to Sell?

Sterling Infrastructure, Inc. (NASDAQ:STRL) shares were down 5.6% during trading on Friday . The stock traded as low as $140.09 and last traded at $138.44. Approximately 39,413 shares changed hands during trading, a decline of 91% from the average daily volume of 448,350 shares. The stock had previously closed at $146.71.

Analysts Set New Price Targets

STRL has been the subject of several research analyst reports. William Blair started coverage on Sterling Infrastructure in a report on Friday, January 17th. They issued an “outperform” rating for the company. StockNews.com upgraded shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Wednesday.

Sterling Infrastructure Trading Down 2.1 %

The company has a 50 day simple moving average of $178.49 and a 200 day simple moving average of $151.92. 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 capitalization of $4.41 billion, a PE ratio of 24.28, a P/E/G ratio of 1.46 and a beta of 1.26.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.68 by $0.29. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. The business had revenue of $593.74 million during the quarter, compared to analysts’ expectations of $599.90 million. During the same quarter in the prior year, the business earned $1.26 earnings per share. Analysts predict that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Dana C. O’brien sold 2,000 shares of the firm’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 completion of the sale, the director now directly owns 25,901 shares of the company’s stock, valued at $4,555,726.89. This trade represents a 7.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of STRL. Principal Financial Group Inc. lifted its stake in shares of Sterling Infrastructure by 1,088.1% in the third quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock valued at $51,561,000 after purchasing an additional 325,620 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Sterling Infrastructure during the 4th quarter worth approximately $47,712,000. International Assets Investment Management LLC grew its holdings in shares of Sterling Infrastructure by 14,112.0% in the 3rd quarter. International Assets Investment Management LLC now owns 142,120 shares of the construction company’s stock worth $20,610,000 after acquiring an additional 141,120 shares during the period. WCM Investment Management LLC purchased a new position in Sterling Infrastructure in the 4th quarter valued at approximately $18,019,000. Finally, Congress Asset Management Co. raised its holdings in Sterling Infrastructure by 19.1% during the third quarter. Congress Asset Management Co. now owns 647,924 shares of the construction company’s stock worth $93,962,000 after purchasing an additional 104,096 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

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.