Sterling Infrastructure (NASDAQ:STRL) Sees Large Volume Increase - Here's What Happened

Sterling Infrastructure, Inc. (NASDAQ:STRL - Get Free Report) saw an uptick in trading volume on Monday . 611,286 shares changed hands during trading, an increase of 74% from the previous session's volume of 350,900 shares.The stock last traded at $147.89 and had previously closed at $187.30.

Wall Street Analysts Forecast Growth

Separately, William Blair began coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They set an "outperform" rating for the company.

Sterling Infrastructure Trading Up 1.0 %

The firm has a market capitalization of $4.33 billion, a PE ratio of 23.84, a PEG ratio of 2.07 and a beta of 1.26. The company's 50-day moving average price is $180.47 and its 200-day moving average price is $152.03. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $599.90 million. During the same period in the previous year, the company earned $1.26 EPS. On average, sell-side analysts expect that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current year.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O'brien sold 2,000 shares of Sterling Infrastructure stock in a transaction 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 transaction, the director now directly owns 25,901 shares in the company, valued at approximately $4,555,726.89. The trade was a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Chartwell Investment Partners LLC increased its stake in Sterling Infrastructure by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 8,958 shares of the construction company's stock valued at $1,299,000 after purchasing an additional 70 shares during the period. Xponance Inc. increased its stake in shares of Sterling Infrastructure by 5.1% during the second quarter. Xponance Inc. now owns 1,914 shares of the construction company's stock worth $227,000 after acquiring an additional 93 shares during the period. GAMMA Investing LLC increased its stake in shares of Sterling Infrastructure by 45.2% during the third quarter. GAMMA Investing LLC now owns 302 shares of the construction company's stock worth $44,000 after acquiring an additional 94 shares during the period. Willis Investment Counsel increased its stake in shares of Sterling Infrastructure by 1.4% during the fourth quarter. Willis Investment Counsel now owns 7,535 shares of the construction company's stock worth $1,269,000 after acquiring an additional 101 shares during the period. Finally, Quarry LP increased its stake in shares of Sterling Infrastructure by 510.7% during the third quarter. Quarry LP now owns 171 shares of the construction company's stock worth $25,000 after acquiring an additional 143 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

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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