Sterling Infrastructure (NASDAQ:STRL) Trading Down 5.6% - Should You Sell?

Sterling Infrastructure, Inc. (NASDAQ:STRL - Get Free Report) traded down 5.6% during trading on Friday . The company traded as low as $140.09 and last traded at $138.44. 39,413 shares were traded during mid-day trading, a decline of 91% from the average session volume of 448,350 shares. The stock had previously closed at $146.71.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. William Blair assumed coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They set an "outperform" rating for the company. StockNews.com upgraded Sterling Infrastructure from a "hold" rating to a "buy" rating in a research report on Wednesday, January 29th.

Sterling Infrastructure Price Performance

The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $4.26 billion, a PE ratio of 23.41, a P/E/G ratio of 1.47 and a beta of 1.24. The company has a 50-day moving average price of $177.41 and a 200-day moving average price of $152.46.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last released its quarterly earnings results 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. The company had revenue of $593.74 million for the quarter, compared to analysts' expectations of $599.90 million. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. During the same period last year, the company earned $1.26 EPS. Sell-side analysts forecast that Sterling Infrastructure, Inc. will post 5.98 EPS for the current year.

Insider Buying and Selling at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O'brien sold 2,000 shares of Sterling Infrastructure stock in a transaction dated Wednesday, December 18th. The stock was 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 $4,555,726.89. The trade was a 7.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Quarry LP increased its position in 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 purchasing an additional 143 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Sterling Infrastructure during the 3rd quarter valued at $26,000. Huntington National Bank increased its holdings in shares of Sterling Infrastructure by 21,300.0% during the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company's stock worth $31,000 after buying an additional 213 shares during the last quarter. Signaturefd LLC raised its position in shares of Sterling Infrastructure by 119.3% in the 3rd quarter. Signaturefd LLC now owns 296 shares of the construction company's stock worth $43,000 after buying an additional 161 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Sterling Infrastructure in the third quarter valued at $44,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

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.