Sterling Infrastructure, Inc. (NASDAQ:STRL) CEO Sells $4,503,600.00 in Stock

Sterling Infrastructure, Inc. (NASDAQ:STRL) CEO Joseph A. Cutillo sold 40,000 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $112.59, for a total transaction of $4,503,600.00. Following the sale, the chief executive officer now directly owns 566,455 shares of the company’s stock, valued at approximately $63,777,168.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Sterling Infrastructure Trading Up 0.5 %

NASDAQ STRL opened at $113.43 on Thursday. The firm has a 50 day simple moving average of $92.87 and a 200-day simple moving average of $80.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.25 and a current ratio of 1.25. Sterling Infrastructure, Inc. has a one year low of $34.23 and a one year high of $116.36. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 1.13 and a beta of 1.19.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Monday, February 26th. The construction company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.30. Sterling Infrastructure had a net margin of 7.03% and a return on equity of 24.75%. The company had revenue of $485.98 million for the quarter, compared to analysts’ expectations of $526.90 million. Equities research analysts anticipate that Sterling Infrastructure, Inc. will post 4.98 EPS for the current fiscal year.

Hedge Funds Weigh In On Sterling Infrastructure

Institutional investors have recently modified their holdings of the business. FMR LLC grew its position in Sterling Infrastructure by 53.5% in the 1st quarter. FMR LLC now owns 674 shares of the construction company’s stock valued at $26,000 after buying an additional 235 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Sterling Infrastructure by 50.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,274 shares of the construction company’s stock valued at $27,000 after buying an additional 427 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Sterling Infrastructure in the 1st quarter valued at $38,000. McGlone Suttner Wealth Management Inc. purchased a new position in Sterling Infrastructure in the 4th quarter valued at $60,000. Finally, International Assets Investment Management LLC purchased a new position in Sterling Infrastructure in the 3rd quarter valued at $73,000. 80.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, DA Davidson reissued a “neutral” rating and issued a $115.00 price objective (up previously from $86.00) on shares of Sterling Infrastructure in a report on Wednesday, February 28th.

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.