Sterling Infrastructure, Inc. (NASDAQ:STRL) General Counsel Mark D. Wolf Sells 1,500 Shares

Sterling Infrastructure, Inc. (NASDAQ:STRLGet Free Report) General Counsel Mark D. Wolf sold 1,500 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $110.90, for a total value of $166,350.00. Following the sale, the general counsel now owns 29,548 shares in the company, valued at $3,276,873.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sterling Infrastructure Stock Down 0.4 %

STRL stock opened at $111.54 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.50. The company’s 50 day moving average is $91.50 and its 200 day moving average is $79.88. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 1.12 and a beta of 1.19. Sterling Infrastructure, Inc. has a 1-year low of $34.23 and a 1-year high of $116.36.

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

Analyst Upgrades and Downgrades

Separately, DA Davidson reiterated a “neutral” rating and set a $115.00 price target (up from $86.00) on shares of Sterling Infrastructure in a research report on Wednesday, February 28th.

Get Our Latest Stock Report on STRL

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of STRL. Raymond James & Associates grew 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 during the last quarter. Bank of New York Mellon Corp grew 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 during the last quarter. US Bancorp DE boosted its stake in shares of 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 purchasing an additional 2,620 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of 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 purchasing an additional 2,075 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of Sterling Infrastructure by 18.6% during 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 institutional investors.

About Sterling Infrastructure

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Sterling Infrastructure (NASDAQ:STRL)

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