Sterling Infrastructure, Inc. (NASDAQ:STRL – Get Free Report) 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 – Get Free Report) 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
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.
Get Our Latest Stock Report on STRL
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.
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