Sterling Infrastructure, Inc. (NASDAQ:STRL – Get Free Report) CFO Ronald A. Ballschmiede sold 3,289 shares of Sterling Infrastructure stock in a transaction on Monday, March 25th. The stock was sold at an average price of $113.52, for a total value of $373,367.28. Following the completion of the sale, the chief financial officer now directly owns 267,171 shares of the company’s stock, valued at approximately $30,329,251.92. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Sterling Infrastructure Price Performance
NASDAQ STRL opened at $113.43 on Thursday. The company has a market capitalization of $3.51 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 1.12 and a beta of 1.19. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.25 and a current ratio of 1.25. The business’s fifty day moving average is $92.87 and its 200 day moving average is $80.35. Sterling Infrastructure, Inc. has a fifty-two week low of $34.23 and a fifty-two week high of $116.36.
Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last released its earnings results on Monday, February 26th. The construction company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.30. The company had revenue of $485.98 million for the quarter, compared to the consensus estimate of $526.90 million. Sterling Infrastructure had a return on equity of 24.75% and a net margin of 7.03%. Sell-side analysts predict that Sterling Infrastructure, Inc. will post 4.98 earnings per share for the current year.
Hedge Funds Weigh In On Sterling Infrastructure
Wall Street Analyst Weigh In
Separately, DA Davidson reaffirmed 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.
Check Out Our Latest Report on Sterling Infrastructure
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.
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