Ronald A. Ballschmiede Sells 3,289 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) Stock

Sterling Infrastructure, Inc. (NASDAQ:STRL) CFO Ronald A. Ballschmiede sold 3,289 shares of the stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $113.52, for a total value of $373,367.28. Following the completion of the sale, the chief financial officer now owns 267,171 shares of the company’s stock, valued at $30,329,251.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sterling Infrastructure Trading Up 1.1 %

Shares of NASDAQ:STRL opened at $112.81 on Wednesday. Sterling Infrastructure, Inc. has a 52-week low of $34.23 and a 52-week high of $116.36. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 1.12 and a beta of 1.19. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $92.16 and a 200-day moving average price of $80.12.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, February 26th. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.30. Sterling Infrastructure had a return on equity of 24.75% and a net margin of 7.03%. The firm had revenue of $485.98 million during the quarter, compared to analysts’ expectations of $526.90 million. Equities analysts predict that Sterling Infrastructure, Inc. will post 4.98 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of STRL. Raymond James & Associates raised its position in Sterling Infrastructure by 54.0% during the first quarter. Raymond James & Associates now owns 38,728 shares of the construction company’s stock valued at $1,038,000 after acquiring an additional 13,578 shares in the last quarter. Bank of New York Mellon Corp raised its position in Sterling Infrastructure by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 171,699 shares of the construction company’s stock valued at $4,602,000 after acquiring an additional 2,229 shares in the last quarter. US Bancorp DE raised its position in Sterling Infrastructure by 288.9% during the first quarter. US Bancorp DE now owns 3,527 shares of the construction company’s stock valued at $94,000 after acquiring an additional 2,620 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Sterling Infrastructure by 11.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 19,700 shares of the construction company’s stock valued at $528,000 after acquiring an additional 2,075 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in Sterling Infrastructure by 18.6% in the first quarter. Bank of Montreal Can now owns 10,555 shares of the construction company’s stock valued at $295,000 after purchasing an additional 1,659 shares during the period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, DA Davidson restated a “neutral” rating and issued a $115.00 price objective (up from $86.00) on shares of Sterling Infrastructure in a research note on Wednesday, February 28th.

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.