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 that occurred on Monday, June 16th. The stock was sold at an average price of $206.58, for a total value of $2,097,613.32. Following the completion of the sale, the director now owns 16,498 shares of the company's stock, valued at $3,408,156.84. The trade was a 38.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Sterling Infrastructure Trading Up 1.2%

Shares of NASDAQ STRL traded up $2.61 during midday trading on Wednesday, reaching $223.97. The company had a trading volume of 1,041,472 shares, compared to its average volume of 509,994. The stock has a market cap of $6.81 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 1.74 and a beta of 1.37. Sterling Infrastructure, Inc. has a one year low of $93.50 and a one year high of $233.20. The firm's fifty day moving average price is $173.35 and its 200-day moving average price is $157.43. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.34.

Analyst Ratings Changes

STRL has been the subject of a number of recent research reports. DA Davidson boosted their price objective on shares of Sterling Infrastructure from $205.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday. Wall Street Zen upgraded shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd.

Hedge Funds Weigh In On Sterling Infrastructure

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Sterling Infrastructure by 30.0% in the fourth quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company's stock worth $425,135,000 after acquiring an additional 581,847 shares during the period. Millennium Management LLC increased its stake in Sterling Infrastructure by 743.9% during the 1st quarter. Millennium Management LLC now owns 493,393 shares of the construction company's stock valued at $55,857,000 after purchasing an additional 434,925 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Sterling Infrastructure during the fourth quarter valued at approximately $47,712,000. Pacer Advisors Inc. purchased a new position in shares of Sterling Infrastructure in the first quarter worth $28,689,000. Finally, Capital Research Global Investors raised its position in Sterling Infrastructure by 78.5% in the 4th quarter. Capital Research Global Investors now owns 574,976 shares of the construction company's stock worth $96,855,000 after buying an additional 252,934 shares during the last quarter. 80.95% of the stock is owned by hedge funds and other 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.

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