Sterling Infrastructure, Inc. (NASDAQ:STRL) EVP Sells $2,685,133.00 in Stock

Sterling Infrastructure, Inc. (NASDAQ:STRL) EVP Ronald A. Ballschmiede sold 18,700 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $143.59, for a total transaction of $2,685,133.00. Following the transaction, the executive vice president now owns 248,471 shares in the company, valued at $35,677,950.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Sterling Infrastructure Trading Up 0.5 %

NASDAQ:STRL traded up $0.74 during trading hours on Monday, reaching $148.90. 317,663 shares of the stock were exchanged, compared to its average volume of 356,512. Sterling Infrastructure, Inc. has a twelve month low of $55.45 and a twelve month high of $152.00. 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 business has a 50-day moving average of $116.28 and a two-hundred day moving average of $114.59. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 30.50, a PEG ratio of 1.38 and a beta of 1.16.

Sterling Infrastructure (NASDAQ:STRL) last released its earnings results on Monday, August 5th. The construction company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.24. The company had revenue of $582.82 million during the quarter, compared to the consensus estimate of $553.70 million. Sterling Infrastructure had a return on equity of 25.64% and a net margin of 7.85%. During the same period in the previous year, the company posted $1.27 EPS. On average, equities analysts predict that Sterling Infrastructure, Inc. will post 5.66 EPS for the current year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Sterling Infrastructure

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Sterling Infrastructure by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,887,792 shares of the construction company’s stock valued at $208,242,000 after acquiring an additional 8,851 shares in the last quarter. Congress Asset Management Co. MA boosted its stake in shares of Sterling Infrastructure by 2.0% in the 1st quarter. Congress Asset Management Co. MA now owns 557,659 shares of the construction company’s stock valued at $61,515,000 after buying an additional 10,935 shares during the period. Driehaus Capital Management LLC boosted its stake in shares of Sterling Infrastructure by 11.4% in the 2nd quarter. Driehaus Capital Management LLC now owns 533,606 shares of the construction company’s stock valued at $63,147,000 after buying an additional 54,727 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Sterling Infrastructure by 691.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 515,800 shares of the construction company’s stock valued at $61,040,000 after buying an additional 450,620 shares during the period. Finally, Hennessy Advisors Inc. boosted its stake in shares of Sterling Infrastructure by 20.4% in the 1st quarter. Hennessy Advisors Inc. now owns 440,200 shares of the construction company’s stock valued at $48,558,000 after buying an additional 74,500 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

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.