Sterling Infrastructure, Inc. (NASDAQ:STRL – Get Free Report) CFO Ronald A. Ballschmiede sold 3,289 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $113.52, for a total value of $373,367.28. Following the sale, the chief financial officer now directly owns 267,171 shares of the company’s stock, valued at approximately $30,329,251.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Sterling Infrastructure Stock Up 0.5 %
STRL opened at $113.43 on Thursday. Sterling Infrastructure, Inc. has a 1-year low of $34.23 and a 1-year high of $116.36. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 25.49, a P/E/G ratio of 1.12 and a beta of 1.19. The business has a 50 day moving average of $92.87 and a 200-day moving average of $80.35.
Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The construction company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.30. Sterling Infrastructure had a return on equity of 24.75% and a net margin of 7.03%. The company had revenue of $485.98 million during the quarter, compared to analysts’ expectations of $526.90 million. As a group, sell-side analysts anticipate that Sterling Infrastructure, Inc. will post 4.98 earnings per share for the current year.
Institutional Investors Weigh In On Sterling Infrastructure
Analyst Ratings Changes
Separately, DA Davidson reaffirmed a “neutral” rating and set a $115.00 target price (up previously from $86.00) on shares of Sterling Infrastructure in a research report on Wednesday, February 28th.
View Our Latest Stock Analysis on STRL
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.
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