Sterling Infrastructure, Inc. (NASDAQ:STRL) Director Dana C. O’brien Sells 2,000 Shares of 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 shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the completion of the transaction, the director now directly owns 25,901 shares of the company’s stock, valued at $4,555,726.89. This represents a 7.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sterling Infrastructure Price Performance

Shares of STRL opened at $174.72 on Friday. The business has a 50-day moving average of $176.94 and a 200-day moving average of $140.44. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 29.51, a price-to-earnings-growth 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 released its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.29. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. The firm had revenue of $593.74 million during the quarter, compared to analyst estimates of $599.90 million. During the same quarter last year, the business earned $1.26 EPS. As a group, equities research analysts anticipate that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current year.

Institutional Trading of Sterling Infrastructure

Institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its position in shares of Sterling Infrastructure by 691.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 515,800 shares of the construction company’s stock worth $61,040,000 after buying an additional 450,620 shares during the period. Principal Financial Group Inc. grew its stake in shares of Sterling Infrastructure by 1,088.1% in the 3rd quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock valued at $51,561,000 after buying an additional 325,620 shares during the period. F M Investments LLC bought a new position in Sterling Infrastructure in the second quarter worth approximately $18,379,000. International Assets Investment Management LLC increased its holdings in shares of Sterling Infrastructure by 14,112.0% during the third quarter. International Assets Investment Management LLC now owns 142,120 shares of the construction company’s stock valued at $20,610,000 after acquiring an additional 141,120 shares in the last quarter. Finally, Congress Asset Management Co. raised its position in shares of 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 period. Institutional investors own 80.95% of the company’s stock.

Analysts Set New Price Targets

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

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.