Sterling Infrastructure, Inc. (NASDAQ:STRL – Get Free Report) CEO Joseph A. Cutillo sold 33,214 shares of Sterling Infrastructure stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $108.71, for a total value of $3,610,693.94. Following the completion of the transaction, the chief executive officer now owns 695,245 shares of the company’s stock, valued at approximately $75,580,083.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Sterling Infrastructure Trading Up 1.9 %
Shares of STRL opened at $112.03 on Friday. The stock has a fifty day moving average price of $90.84 and a two-hundred day moving average price of $79.65. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.25 and a current ratio of 1.25. Sterling Infrastructure, Inc. has a 52-week low of $34.23 and a 52-week high of $116.36. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 1.10 and a beta of 1.19.
Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last issued 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 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 the consensus estimate of $526.90 million. 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 issued a $115.00 price objective (up previously from $86.00) on shares of Sterling Infrastructure in a research report on Wednesday, February 28th.
Check Out Our Latest Stock Report on Sterling Infrastructure
Institutional Investors Weigh In On Sterling Infrastructure
A number of institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Sterling Infrastructure by 19.0% during the first quarter. BlackRock Inc. now owns 3,377,877 shares of the construction company’s stock worth $127,954,000 after acquiring an additional 538,387 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Sterling Infrastructure by 9.1% during the fourth quarter. Vanguard Group Inc. now owns 1,878,941 shares of the construction company’s stock worth $165,215,000 after acquiring an additional 156,225 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Sterling Infrastructure by 2.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,554,187 shares of the construction company’s stock worth $86,724,000 after acquiring an additional 34,692 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Sterling Infrastructure by 3.3% during the second quarter. Renaissance Technologies LLC now owns 877,229 shares of the construction company’s stock worth $48,949,000 after acquiring an additional 28,200 shares during the last quarter. Finally, FMR LLC raised its position in shares of Sterling Infrastructure by 45.0% during the third quarter. FMR LLC now owns 847,335 shares of the construction company’s stock worth $62,262,000 after acquiring an additional 263,046 shares during the last quarter. Institutional investors own 80.89% 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.
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