Insider Selling: 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 Sterling Infrastructure stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $143.59, for a total value of $2,685,133.00. Following the completion of the sale, the executive vice president now directly owns 248,471 shares of the company’s stock, valued at $35,677,950.89. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Sterling Infrastructure Trading Up 0.2 %

STRL opened at $145.94 on Thursday. Sterling Infrastructure, Inc. has a fifty-two week low of $55.45 and a fifty-two week high of $152.00. The company has a market cap of $4.50 billion, a price-to-earnings ratio of 30.34, a price-to-earnings-growth ratio of 1.76 and a beta of 1.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a 50 day simple moving average of $117.69 and a 200 day simple moving average of $115.33.

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

Hedge Funds Weigh In On Sterling Infrastructure

Several hedge funds have recently added to or reduced their stakes in STRL. Hantz Financial Services Inc. bought a new stake in shares of Sterling Infrastructure in the 2nd quarter valued at about $30,000. Nisa Investment Advisors LLC raised its holdings in Sterling Infrastructure by 391.1% in the second quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock worth $33,000 after purchasing an additional 219 shares during the period. Crewe Advisors LLC raised its holdings in Sterling Infrastructure by 85.4% in the second quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock worth $35,000 after purchasing an additional 135 shares during the period. Family Firm Inc. bought a new position in shares of Sterling Infrastructure during the second quarter worth $38,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Sterling Infrastructure in the 2nd quarter valued at $40,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.