Sterling Infrastructure, Inc. (NASDAQ:STRL - Get Free Report) saw an uptick in trading volume on Monday . 611,286 shares traded hands during mid-day trading, an increase of 74% from the previous session's volume of 350,900 shares.The stock last traded at $147.89 and had previously closed at $187.30.
Analyst Ratings Changes
Separately, William Blair assumed coverage on Sterling Infrastructure in a report on Friday, January 17th. They set an "outperform" rating on the stock.
Check Out Our Latest Report on Sterling Infrastructure
Sterling Infrastructure Price Performance
The firm has a market cap of $4.39 billion, a PE ratio of 24.16, a price-to-earnings-growth ratio of 2.07 and a beta of 1.26. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a 50-day simple moving average of $182.39 and a 200 day simple moving average of $151.73.
Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.29. The company had revenue of $593.74 million during the quarter, compared to analysts' expectations of $599.90 million. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. During the same period last year, the company posted $1.26 EPS. As a group, equities analysts expect that Sterling Infrastructure, Inc. will post 5.98 EPS for the current year.
Insider Buying and Selling
In other news, Director Dana C. O'brien sold 2,000 shares of Sterling Infrastructure stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total value of $351,780.00. Following the completion of the transaction, the director now owns 25,901 shares of the company's stock, valued at $4,555,726.89. The trade was a 7.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is currently owned by company insiders.
Institutional Trading of Sterling Infrastructure
A number of institutional investors and hedge funds have recently bought and sold shares of STRL. Principal Financial Group Inc. grew its holdings in shares of Sterling Infrastructure by 1,088.1% during the third quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company's stock valued at $51,561,000 after buying an additional 325,620 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Sterling Infrastructure by 14,112.0% during the 3rd quarter. International Assets Investment Management LLC now owns 142,120 shares of the construction company's stock valued at $20,610,000 after purchasing an additional 141,120 shares during the last quarter. Congress Asset Management Co. increased its holdings in shares of Sterling Infrastructure by 19.1% in the 3rd quarter. Congress Asset Management Co. now owns 647,924 shares of the construction company's stock worth $93,962,000 after purchasing an additional 104,096 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Sterling Infrastructure by 19.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 617,901 shares of the construction company's stock worth $89,608,000 after purchasing an additional 102,101 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Sterling Infrastructure by 190.0% during the second quarter. Sei Investments Co. now owns 89,573 shares of the construction company's stock valued at $10,600,000 after purchasing an additional 58,682 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.
Sterling Infrastructure Company Profile
(
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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