Sterling Infrastructure (NASDAQ:STRL) Shares Down 1.9%

Sterling Infrastructure, Inc. (NASDAQ:STRL - Get Free Report) shares were down 1.9% during trading on Tuesday . The stock traded as low as $124.00 and last traded at $125.63. Approximately 38,718 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 370,443 shares. The stock had previously closed at $128.08.

Wall Street Analysts Forecast Growth

Separately, DA Davidson restated a "neutral" rating and set a $115.00 price target (up previously from $86.00) on shares of Sterling Infrastructure in a report on Wednesday, February 28th.

Sterling Infrastructure Stock Down 0.6 %

The firm has a 50-day moving average of $108.38 and a two-hundred day moving average of $88.55. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 26.47, a price-to-earnings-growth ratio of 1.22 and a beta of 1.21. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.53.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted its earnings results on Monday, February 26th. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.30. Sterling Infrastructure had a net margin of 7.47% and a return on equity of 25.06%. The firm had revenue of $485.98 million during the quarter, compared to analysts' expectations of $526.90 million. As a group, sell-side analysts anticipate that Sterling Infrastructure, Inc. will post 5.3 earnings per share for the current year.

Insider Activity

In related news, General Counsel Mark D. Wolf sold 4,134 shares of the firm's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $106.22, for a total value of $439,113.48. Following the completion of the sale, the general counsel now owns 35,048 shares of the company's stock, valued at $3,722,798.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 4,134 shares of Sterling Infrastructure stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $106.22, for a total value of $439,113.48. Following the sale, the general counsel now owns 35,048 shares of the company's stock, valued at approximately $3,722,798.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Mark D. Wolf sold 1,500 shares of the firm's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $110.90, for a total transaction of $166,350.00. Following the completion of the transaction, the general counsel now directly owns 29,548 shares of the company's stock, valued at approximately $3,276,873.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 198,172 shares of company stock worth $22,019,320. Corporate insiders own 3.80% of the company's stock.

Institutional Trading of Sterling Infrastructure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STRL. Atticus Wealth Management LLC acquired a new stake in Sterling Infrastructure in the 1st quarter valued at $55,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Sterling Infrastructure during the fourth quarter valued at about $60,000. AJOVista LLC bought a new position in Sterling Infrastructure in the 4th quarter worth approximately $91,000. Covestor Ltd grew its position in shares of Sterling Infrastructure by 127.0% in the first quarter. Covestor Ltd now owns 867 shares of the construction company's stock valued at $96,000 after purchasing an additional 485 shares in the last quarter. Finally, Tucker Asset Management LLC bought a new stake in shares of Sterling Infrastructure during the fourth quarter valued at about $115,000. Institutional investors and hedge funds own 80.95% of the company's stock.

Sterling Infrastructure Company Profile

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.