Insider Selling: 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 Sterling Infrastructure stock in a transaction 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 in the company, valued at $4,555,726.89. This trade represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Sterling Infrastructure Price Performance

Shares of NASDAQ:STRL opened at $174.72 on Friday. The company has a 50-day moving average price of $176.94 and a two-hundred day moving average price of $140.44. Sterling Infrastructure, Inc. has a twelve month low of $69.61 and a twelve month high of $203.49. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $5.37 billion, a PE ratio of 29.51, a P/E/G ratio of 2.11 and a beta of 1.22.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.29. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. The business had revenue of $593.74 million during the quarter, compared to analyst estimates of $599.90 million. During the same period in the previous year, the business earned $1.26 EPS. Equities analysts forecast that Sterling Infrastructure, Inc. will post 5.96 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. purchased a new stake in Sterling Infrastructure in the 2nd quarter worth approximately $254,000. Blue Trust Inc. raised its position in shares of Sterling Infrastructure by 14.6% in the second quarter. Blue Trust Inc. now owns 1,069 shares of the construction company’s stock worth $118,000 after buying an additional 136 shares in the last quarter. Raymond James & Associates raised its position in shares of Sterling Infrastructure by 8.4% in the second quarter. Raymond James & Associates now owns 39,324 shares of the construction company’s stock worth $4,654,000 after buying an additional 3,059 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Sterling Infrastructure by 391.1% during the second quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock valued at $33,000 after buying an additional 219 shares during the period. Finally, Family Firm Inc. purchased a new position in Sterling Infrastructure during the second quarter worth about $38,000. Institutional investors own 80.95% of the company’s stock.

About Sterling Infrastructure

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.