Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Bailard Inc.

Bailard Inc. lowered its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 65.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,900 shares of the construction company’s stock after selling 5,500 shares during the quarter. Bailard Inc.’s holdings in Sterling Infrastructure were worth $255,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. purchased a new position in Sterling Infrastructure during the fourth quarter valued at $60,000. Cookson Peirce & Co. Inc. purchased a new stake in shares of Sterling Infrastructure during the fourth quarter worth about $212,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Sterling Infrastructure during the 3rd quarter worth about $265,000. GW Henssler & Associates Ltd. purchased a new position in Sterling Infrastructure in the 3rd quarter valued at about $267,000. Finally, Mackenzie Financial Corp acquired a new stake in Sterling Infrastructure in the 4th quarter worth about $294,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Trading Up 3.6 %

Shares of STRL opened at $105.89 on Monday. The firm’s fifty day moving average is $104.17 and its two-hundred day moving average is $85.02. The stock has a market cap of $3.28 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 1.06 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. Sterling Infrastructure, Inc. has a 52-week low of $35.68 and a 52-week high of $116.36.

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, beating 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 during the quarter, compared to analysts’ expectations of $526.90 million. Research analysts forecast that Sterling Infrastructure, Inc. will post 4.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, CFO Ronald A. Ballschmiede sold 13,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $109.66, for a total value of $1,425,580.00. Following the completion of the sale, the chief financial officer now directly owns 270,460 shares of the company’s stock, valued at approximately $29,658,643.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Ronald A. Ballschmiede sold 13,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $109.66, for a total value of $1,425,580.00. Following the completion of the sale, the chief financial officer now owns 270,460 shares of the company’s stock, valued at approximately $29,658,643.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Mark D. Wolf sold 4,134 shares of Sterling Infrastructure stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $106.22, for a total transaction of $439,113.48. Following the sale, the general counsel now directly owns 35,048 shares in the company, valued at approximately $3,722,798.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 198,172 shares of company stock valued at $22,019,320. 3.80% of the stock is currently owned by insiders.

Sterling Infrastructure 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.