Mark D. Wolf Sells 3,500 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) Stock

Sterling Infrastructure, Inc. (NASDAQ:STRL - Get Free Report) General Counsel Mark D. Wolf sold 3,500 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $225.87, for a total transaction of $790,545.00. Following the completion of the sale, the general counsel now owns 29,315 shares in the company, valued at $6,621,379.05. This represents a 10.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Sterling Infrastructure Stock Down 2.1%

Shares of NASDAQ:STRL traded down $4.74 during trading on Wednesday, hitting $224.64. 718,197 shares of the company's stock traded hands, compared to its average volume of 517,085. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average price of $182.10 and a 200-day moving average price of $158.39. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $233.57. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 1.84 and a beta of 1.37.

Wall Street Analyst Weigh In

STRL has been the topic of several analyst reports. Wall Street Zen upgraded shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. DA Davidson raised their price objective on Sterling Infrastructure from $205.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th.

Institutional Trading of Sterling Infrastructure

Hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. increased its position in shares of Sterling Infrastructure by 689.7% during the first quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company's stock worth $26,000 after acquiring an additional 200 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Sterling Infrastructure in the 4th quarter worth $39,000. Versant Capital Management Inc increased its holdings in Sterling Infrastructure by 355.8% during the 1st quarter. Versant Capital Management Inc now owns 237 shares of the construction company's stock worth $27,000 after purchasing an additional 185 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Sterling Infrastructure in the 1st quarter valued at about $28,000. Finally, Huntington National Bank lifted its holdings in shares of Sterling Infrastructure by 34.6% in the fourth quarter. Huntington National Bank now owns 288 shares of the construction company's stock valued at $49,000 after purchasing an additional 74 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

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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