Sterling Infrastructure, Inc. (NASDAQ:STRL - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $119.99 and last traded at $117.42, with a volume of 180625 shares trading hands. The stock had previously closed at $105.37.
Wall Street Analyst Weigh In
Separately, DA Davidson reissued a "neutral" rating and issued a $115.00 price target (up from $86.00) on shares of Sterling Infrastructure in a research report on Wednesday, February 28th.
View Our Latest Report on Sterling Infrastructure
Sterling Infrastructure Price Performance
The firm has a market capitalization of $3.77 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 1.02 and a beta of 1.21. The business has a 50-day moving average of $106.55 and a 200 day moving average of $86.59. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.50.
Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last announced its earnings results 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 analyst estimates of $526.90 million. As a group, research analysts anticipate that Sterling Infrastructure, Inc. will post 4.98 EPS for the current fiscal year.
Insider Activity
In other news, General Counsel Mark D. Wolf sold 4,134 shares of the firm's stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $106.22, for a total transaction of $439,113.48. Following the completion of the sale, the general counsel now directly owns 35,048 shares of the company's stock, valued at approximately $3,722,798.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, General Counsel Mark D. Wolf sold 4,134 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $106.22, for a total transaction of $439,113.48. Following the completion of the transaction, the general counsel now owns 35,048 shares in the company, valued at approximately $3,722,798.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph A. Cutillo sold 33,214 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $108.71, for a total value of $3,610,693.94. Following the transaction, the chief executive officer now owns 695,245 shares of the company's stock, valued at approximately $75,580,083.95. The disclosure for this sale can be found here. Insiders sold a total of 198,172 shares of company stock valued at $22,019,320 in the last ninety days. 3.80% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. New York State Teachers Retirement System grew its stake in shares of Sterling Infrastructure by 4.3% during the 1st quarter. New York State Teachers Retirement System now owns 2,711 shares of the construction company's stock worth $299,000 after acquiring an additional 111 shares during the period. SummerHaven Investment Management LLC boosted its stake in Sterling Infrastructure by 1.1% in the 4th quarter. SummerHaven Investment Management LLC now owns 12,763 shares of the construction company's stock worth $1,122,000 after purchasing an additional 141 shares during the period. Legacy Bridge LLC boosted its stake in Sterling Infrastructure by 0.9% in the 1st quarter. Legacy Bridge LLC now owns 17,680 shares of the construction company's stock worth $1,950,000 after purchasing an additional 155 shares during the period. BOKF NA boosted its stake in Sterling Infrastructure by 0.4% in the 4th quarter. BOKF NA now owns 138,109 shares of the construction company's stock worth $12,144,000 after purchasing an additional 491 shares during the period. Finally, Atticus Wealth Management LLC bought a new position in Sterling Infrastructure in the 1st quarter worth about $55,000. Institutional investors own 80.95% of the company's stock.
About Sterling Infrastructure
(
Get Free Report)
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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