Sterling Infrastructure (NASDAQ:STRL) Sets New 52-Week High at $119.99

Sterling Infrastructure, Inc. (NASDAQ:STRL) reached a new 52-week high during trading on Tuesday . The stock traded as high as $119.99 and last traded at $117.42, with a volume of 180625 shares changing hands. The stock had previously closed at $105.37.

Analyst Upgrades and Downgrades

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

Sterling Infrastructure Stock Up 15.8 %

The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 1.02 and a beta of 1.21. The firm has a 50-day moving average of $106.23 and a 200 day moving average of $86.22. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.50.

Sterling Infrastructure (NASDAQ:STRL) last posted its earnings results on Monday, February 26th. The construction company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.30. Sterling Infrastructure had a net margin of 7.03% and a return on equity of 24.75%. The business had revenue of $485.98 million for the quarter, compared to analysts’ expectations of $526.90 million. On average, sell-side analysts anticipate that Sterling Infrastructure, Inc. will post 4.98 earnings per share for the current year.

Insider Transactions at Sterling Infrastructure

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 4,134 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $106.22, for a total value of $439,113.48. Following the transaction, the general counsel now directly owns 35,048 shares of the company’s stock, valued at approximately $3,722,798.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, General Counsel Mark D. Wolf sold 4,134 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $106.22, for a total value of $439,113.48. Following the sale, the general counsel now owns 35,048 shares in the company, valued at approximately $3,722,798.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Ronald A. Ballschmiede sold 13,000 shares of Sterling Infrastructure stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $109.66, for a total value of $1,425,580.00. Following the completion of the transaction, the chief financial officer now owns 270,460 shares of the company’s stock, valued at $29,658,643.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 198,172 shares of company stock valued at $22,019,320. 3.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Atticus Wealth Management LLC bought a new position in Sterling Infrastructure in the first quarter worth about $55,000. McGlone Suttner Wealth Management Inc. acquired a new position in Sterling Infrastructure during the 4th quarter valued at approximately $60,000. AJOVista LLC acquired a new stake in Sterling Infrastructure in the fourth quarter worth $91,000. Tucker Asset Management LLC acquired a new position in shares of Sterling Infrastructure during the fourth quarter valued at $115,000. Finally, Diversified Trust Co bought a new position in shares of Sterling Infrastructure during the first quarter worth about $202,000. 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.