Sterling Infrastructure, Inc. (NASDAQ:STRL) Director Sells $351,780.00 in Stock

Sterling Infrastructure, Inc. (NASDAQ:STRL) Director Dana C. O’brien sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total value of $351,780.00. Following the sale, the director now owns 25,901 shares of the company’s stock, valued at $4,555,726.89. This trade represents a 7.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Sterling Infrastructure Price Performance

Shares of NASDAQ:STRL opened at $175.20 on Friday. Sterling Infrastructure, Inc. has a 52 week low of $69.61 and a 52 week high of $203.49. The company has a 50-day moving average price of $177.30 and a 200 day moving average price of $140.84. The company has a market cap of $5.38 billion, a P/E ratio of 29.59, a PEG ratio of 2.11 and a beta of 1.22. 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) last posted its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.68 by $0.29. The business had revenue of $593.74 million during the quarter, compared to analysts’ expectations of $599.90 million. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. During the same period last year, the firm earned $1.26 EPS. Research analysts predict that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current year.

Hedge Funds Weigh In On Sterling Infrastructure

A number of institutional investors and hedge funds have recently made changes to their positions in STRL. Chartwell Investment Partners LLC increased its holdings in shares of Sterling Infrastructure by 0.8% in the 3rd 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 in the last quarter. Xponance Inc. increased its holdings in Sterling Infrastructure by 5.1% in the second quarter. Xponance Inc. now owns 1,914 shares of the construction company’s stock valued at $227,000 after buying an additional 93 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Sterling Infrastructure by 45.2% during the 3rd quarter. GAMMA Investing LLC now owns 302 shares of the construction company’s stock valued at $44,000 after acquiring an additional 94 shares during the period. EFG Asset Management North America Corp. boosted its stake in shares of Sterling Infrastructure by 0.5% during 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 acquiring an additional 120 shares in the last quarter. Finally, Crewe Advisors LLC grew its holdings in shares of Sterling Infrastructure by 85.4% in the 2nd 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. 80.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.