Sterling Infrastructure, Inc. (NASDAQ:STRL – Get Rating) CEO Joseph A. Cutillo sold 8,509 shares of the company’s stock in a transaction that occurred on Wednesday, January 25th. The shares were sold at an average price of $33.40, for a total value of $284,200.60. Following the sale, the chief executive officer now owns 684,350 shares in the company, valued at $22,857,290. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Sterling Infrastructure Trading Down 1.8 %
Sterling Infrastructure stock traded down $0.62 during mid-day trading on Wednesday, hitting $33.53. The company’s stock had a trading volume of 318,875 shares, compared to its average volume of 322,061. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. The company has a 50 day moving average of $32.24 and a 200-day moving average of $27.66. Sterling Infrastructure, Inc. has a one year low of $20.46 and a one year high of $34.86. The stock has a market cap of $1.02 billion, a PE ratio of 12.02, a P/E/G ratio of 0.53 and a beta of 1.34.
Sterling Infrastructure (NASDAQ:STRL – Get Rating) last posted its quarterly earnings results on Monday, October 31st. The construction company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.10. Sterling Infrastructure had a net margin of 4.56% and a return on equity of 21.61%. The firm had revenue of $556.94 million for the quarter, compared to analysts’ expectations of $513.50 million. On average, research analysts anticipate that Sterling Infrastructure, Inc. will post 3.14 EPS for the current year.
Hedge Funds Weigh In On Sterling Infrastructure
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 18th.
About Sterling Infrastructure
Sterling Infrastructure, Inc engages in the transportation, e-infrastructure, and building solutions primarily in the Southern United States, the Northeastern and Mid-Atlantic United States, the Rocky Mountain states, California, and Hawaii. It undertakes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater, and storm drainage systems for the departments of transportation in various states, regional transit authorities, airport authorities, port authorities, water authorities and railroads.
- Get a free copy of the StockNews.com research report on Sterling Infrastructure (STRL)
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