Insider Selling: Sterling Infrastructure, Inc. (NASDAQ:STRL) CEO Sells 8,509 Shares of Stock

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

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its stake in Sterling Infrastructure by 1.1% in the first quarter. BlackRock Inc. now owns 2,306,021 shares of the construction company’s stock worth $61,801,000 after purchasing an additional 25,473 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Sterling Infrastructure by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,638,538 shares of the construction company’s stock worth $35,180,000 after buying an additional 52,977 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Sterling Infrastructure by 5.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,409,707 shares of the construction company’s stock valued at $30,266,000 after buying an additional 70,779 shares during the period. Segall Bryant & Hamill LLC raised its holdings in shares of Sterling Infrastructure by 1.2% in the third quarter. Segall Bryant & Hamill LLC now owns 1,263,869 shares of the construction company’s stock valued at $27,142,000 after acquiring an additional 15,210 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Sterling Infrastructure by 2.0% in the second quarter. Renaissance Technologies LLC now owns 998,372 shares of the construction company’s stock worth $21,884,000 after acquiring an additional 19,100 shares during the period. 77.74% of the stock is owned by hedge funds and other institutional investors.

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

(Get Rating)

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.