Sterling Infrastructure, Inc. (NASDAQ:STRL) CEO Joseph A. Cutillo Sells 38,322 Shares of Stock

Sterling Infrastructure, Inc. (NASDAQ:STRL) CEO Joseph A. Cutillo sold 38,322 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $112.81, for a total transaction of $4,323,104.82. Following the completion of the sale, the chief executive officer now owns 488,133 shares of the company’s stock, valued at $55,066,283.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sterling Infrastructure Price Performance

STRL opened at $113.43 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.50. Sterling Infrastructure, Inc. has a 52-week low of $34.23 and a 52-week high of $116.36. The company has a 50 day moving average of $92.87 and a two-hundred day moving average of $80.35. The company has a market cap of $3.51 billion, a P/E ratio of 25.49, a P/E/G ratio of 1.13 and a beta of 1.19.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results 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. The business had revenue of $485.98 million during the quarter, compared to the consensus estimate of $526.90 million. Sterling Infrastructure had a net margin of 7.03% and a return on equity of 24.75%. On average, analysts expect that Sterling Infrastructure, Inc. will post 4.98 earnings per share for the current year.

Hedge Funds Weigh In On Sterling Infrastructure

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC grew its position in Sterling Infrastructure by 53.5% in the 1st quarter. FMR LLC now owns 674 shares of the construction company’s stock valued at $26,000 after buying an additional 235 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Sterling Infrastructure by 50.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,274 shares of the construction company’s stock valued at $27,000 after buying an additional 427 shares in the last quarter. Acadian Asset Management LLC bought a new position in Sterling Infrastructure in the 1st quarter valued at about $38,000. McGlone Suttner Wealth Management Inc. bought a new position in Sterling Infrastructure in the 4th quarter valued at about $60,000. Finally, International Assets Investment Management LLC bought a new position in shares of Sterling Infrastructure during the 3rd quarter valued at about $73,000. Institutional investors own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson reiterated a “neutral” rating and set a $115.00 price objective (up from $86.00) on shares of Sterling Infrastructure in a research note on Wednesday, February 28th.

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.