Insider Selling: Sterling Infrastructure, Inc. (NASDAQ:STRL) EVP Sells 18,700 Shares of Stock

Sterling Infrastructure, Inc. (NASDAQ:STRL) EVP Ronald A. Ballschmiede sold 18,700 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $143.59, for a total value of $2,685,133.00. Following the completion of the sale, the executive vice president now directly owns 248,471 shares of the company’s stock, valued at approximately $35,677,950.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Sterling Infrastructure Stock Up 0.5 %

NASDAQ STRL traded up $0.74 during trading on Monday, hitting $148.90. The company’s stock had a trading volume of 317,663 shares, compared to its average volume of 356,512. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $4.60 billion, a PE ratio of 30.50, a P/E/G ratio of 1.38 and a beta of 1.16. The business’s 50 day simple moving average is $116.28 and its 200-day simple moving average is $114.59. Sterling Infrastructure, Inc. has a fifty-two week low of $55.45 and a fifty-two week high of $152.00.

Sterling Infrastructure (NASDAQ:STRL) last released its earnings results on Monday, August 5th. The construction company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.24. Sterling Infrastructure had a return on equity of 25.64% and a net margin of 7.85%. The firm had revenue of $582.82 million during the quarter, compared to the consensus estimate of $553.70 million. During the same quarter in the previous year, the company posted $1.27 earnings per share. On average, equities analysts anticipate that Sterling Infrastructure, Inc. will post 5.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Trading of Sterling Infrastructure

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STRL. Xponance Inc. grew its stake in Sterling Infrastructure by 5.1% in the 2nd quarter. Xponance Inc. now owns 1,914 shares of the construction company’s stock valued at $227,000 after acquiring an additional 93 shares during the period. New York State Teachers Retirement System raised its position in shares of Sterling Infrastructure by 4.3% during the 1st quarter. New York State Teachers Retirement System now owns 2,711 shares of the construction company’s stock worth $299,000 after purchasing an additional 111 shares during the last quarter. EFG Asset Management North America Corp. boosted its holdings in Sterling Infrastructure by 0.5% in the 2nd quarter. EFG Asset Management North America Corp. now owns 25,246 shares of the construction company’s stock worth $2,985,000 after buying an additional 120 shares during the last quarter. SummerHaven Investment Management LLC increased its stake in Sterling Infrastructure by 1.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 13,006 shares of the construction company’s stock worth $1,539,000 after buying an additional 124 shares in the last quarter. Finally, Crewe Advisors LLC raised its holdings in shares of Sterling Infrastructure by 85.4% during the second quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock valued at $35,000 after acquiring an additional 135 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

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.