Sterling Infrastructure, Inc. (NASDAQ:STRL) Director Dana C. O'brien Sells 2,000 Shares

Sterling Infrastructure, Inc. (NASDAQ:STRL - Get Free Report) 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 sale, the director now owns 25,901 shares in the company, valued at approximately $4,555,726.89. This represents a 7.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Sterling Infrastructure Stock Performance

Shares of STRL stock traded up $7.58 on Thursday, hitting $174.72. The company had a trading volume of 666,819 shares, compared to its average volume of 355,367. The firm has a market cap of $5.37 billion, a P/E ratio of 29.51, a price-to-earnings-growth ratio of 2.11 and a beta of 1.22. Sterling Infrastructure, Inc. has a twelve month low of $69.61 and a twelve month high of $203.49. The company has a 50-day moving average price of $176.55 and a 200-day moving average price of $140.20. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.29. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. The business had revenue of $593.74 million for the quarter, compared to analysts' expectations of $599.90 million. During the same quarter last year, the company earned $1.26 EPS. As a group, equities research analysts predict that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Sunday, September 15th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Chartwell Investment Partners LLC boosted its position in Sterling Infrastructure by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 8,958 shares of the construction company's stock worth $1,299,000 after purchasing an additional 70 shares in the last quarter. 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. GAMMA Investing LLC increased its holdings in Sterling Infrastructure by 45.2% in the 3rd quarter. GAMMA Investing LLC now owns 302 shares of the construction company's stock worth $44,000 after acquiring an additional 94 shares in the last quarter. EFG Asset Management North America Corp. raised its position in Sterling Infrastructure by 0.5% during the second quarter. EFG Asset Management North America Corp. now owns 25,246 shares of the construction company's stock worth $2,985,000 after acquiring an additional 120 shares during the period. Finally, Crewe Advisors LLC raised its position in Sterling Infrastructure by 85.4% during the second quarter. Crewe Advisors LLC now owns 293 shares of the construction company's stock worth $35,000 after acquiring an additional 135 shares during the period. 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.

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