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 company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $143.59, for a total transaction of $2,685,133.00. Following the sale, the executive vice president now owns 248,471 shares in the company, valued at $35,677,950.89. The sale was disclosed in a filing with the SEC, which is available at this link.

Sterling Infrastructure Trading Down 2.2 %

STRL stock opened at $145.67 on Wednesday. Sterling Infrastructure, Inc. has a twelve month low of $55.45 and a twelve month high of $152.00. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 30.28, a price-to-earnings-growth ratio of 1.38 and a beta of 1.16. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.44. The firm’s fifty day simple moving average is $117.00 and its two-hundred day simple moving average is $115.11.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Monday, August 5th. The construction company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.24. The company had revenue of $582.82 million for the quarter, compared to analyst estimates of $553.70 million. Sterling Infrastructure had a net margin of 7.85% and a return on equity of 25.64%. During the same period in the prior year, the company posted $1.27 EPS. As a group, analysts anticipate that Sterling Infrastructure, Inc. will post 5.66 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Sterling Infrastructure

A number of institutional investors and hedge funds have recently modified their holdings of STRL. Principal Financial Group Inc. increased its stake in Sterling Infrastructure by 29.4% in the fourth quarter. Principal Financial Group Inc. now owns 17,381 shares of the construction company’s stock worth $1,528,000 after purchasing an additional 3,947 shares during the period. Avantax Advisory Services Inc. purchased a new position in Sterling Infrastructure in the 4th quarter worth about $255,000. Aigen Investment Management LP bought a new stake in Sterling Infrastructure during the 4th quarter valued at about $222,000. Cambridge Investment Research Advisors Inc. boosted its position in Sterling Infrastructure by 64.8% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,673 shares of the construction company’s stock valued at $1,994,000 after buying an additional 8,913 shares during the period. Finally, First Trust Advisors LP grew its stake in Sterling Infrastructure by 17.6% in the 4th quarter. First Trust Advisors LP now owns 337,296 shares of the construction company’s stock worth $29,658,000 after acquiring an additional 50,573 shares in the last quarter. 80.95% of the stock is owned by 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.