Sterling Infrastructure (NASDAQ:STRL) Trading Down 5.2% – Here’s What Happened

Sterling Infrastructure, Inc. (NASDAQ:STRL)’s stock price traded down 5.2% during mid-day trading on Thursday . The stock traded as low as $132.48 and last traded at $133.03. 111,473 shares were traded during trading, a decline of 75% from the average session volume of 448,602 shares. The stock had previously closed at $140.40.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on STRL shares. StockNews.com lowered Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. William Blair began coverage on Sterling Infrastructure in a research report on Friday, January 17th. They set an “outperform” rating for the company.

Sterling Infrastructure Trading Down 7.6 %

The company’s 50 day simple moving average is $169.08 and its two-hundred day simple moving average is $153.74. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 1.53 and a beta of 1.24. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

Insiders Place Their Bets

In other news, Director Dana C. O’brien sold 2,000 shares of the 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 transaction, the director now owns 25,901 shares in the company, valued at $4,555,726.89. This represents a 7.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Sterling Infrastructure

Large investors have recently bought and sold shares of the business. Quarry LP boosted its stake in shares of Sterling Infrastructure by 510.7% during the 3rd quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $25,000 after acquiring an additional 143 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Sterling Infrastructure in the 3rd quarter worth approximately $26,000. Huntington National Bank boosted its position in Sterling Infrastructure by 21,300.0% during the third quarter. Huntington National Bank now owns 214 shares of the construction company’s stock worth $31,000 after purchasing an additional 213 shares during the period. SBI Securities Co. Ltd. acquired a new position in Sterling Infrastructure during the fourth quarter valued at approximately $39,000. Finally, Signaturefd LLC raised its position in shares of Sterling Infrastructure by 119.3% in the third quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock valued at $43,000 after purchasing an additional 161 shares during the period. 80.95% of the stock is currently owned by institutional investors.

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.