Dana C. O'brien Sells 10,154 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) Stock

Sterling Infrastructure, Inc. (NASDAQ:STRL - Get Free Report) Director Dana C. O'brien sold 10,154 shares of the business's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $206.58, for a total transaction of $2,097,613.32. Following the completion of the sale, the director now owns 16,498 shares in the company, valued at $3,408,156.84. This represents a 38.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Sterling Infrastructure Trading Down 2.7%

NASDAQ:STRL traded down $6.00 on Friday, hitting $217.97. 1,089,909 shares of the stock were exchanged, compared to its average volume of 514,303. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 1.81 and a beta of 1.37. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $233.57. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.32 and a current ratio of 1.32. The company's 50-day moving average price is $178.59 and its 200 day moving average price is $157.96.

Analysts Set New Price Targets

A number of research analysts recently issued reports on STRL shares. DA Davidson lifted their price target on Sterling Infrastructure from $205.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday. Wall Street Zen raised Sterling Infrastructure from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.

Institutional Trading of Sterling Infrastructure

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invst LLC raised its holdings in Sterling Infrastructure by 13.3% during the 1st quarter. Invst LLC now owns 8,206 shares of the construction company's stock worth $929,000 after purchasing an additional 964 shares during the last quarter. Rhumbline Advisers raised its holdings in Sterling Infrastructure by 2.7% during the 1st quarter. Rhumbline Advisers now owns 47,770 shares of the construction company's stock worth $5,408,000 after purchasing an additional 1,270 shares during the last quarter. Strs Ohio bought a new stake in Sterling Infrastructure during the 1st quarter worth about $962,000. Intech Investment Management LLC raised its holdings in Sterling Infrastructure by 47.4% during the 1st quarter. Intech Investment Management LLC now owns 25,736 shares of the construction company's stock worth $2,914,000 after purchasing an additional 8,281 shares during the last quarter. Finally, Focus Partners Wealth increased its stake in shares of Sterling Infrastructure by 13.7% in the 1st quarter. Focus Partners Wealth now owns 2,313 shares of the construction company's stock valued at $262,000 after acquiring an additional 279 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

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.