Sterling Infrastructure (NASDAQ:STRL) Stock Price Down 5.2% – Should You Sell?

Sterling Infrastructure, Inc. (NASDAQ:STRL)’s share price traded down 5.2% during mid-day trading on Friday . The company traded as low as $191.56 and last traded at $186.40. 68,725 shares traded hands during trading, a decline of 78% from the average session volume of 309,623 shares. The stock had previously closed at $196.58.

Wall Street Analyst Weigh In

Separately, William Blair initiated coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating on the stock.

Sterling Infrastructure Stock Performance

The stock has a 50-day moving average of $182.39 and a 200 day moving average of $151.46. The stock has a market cap of $5.75 billion, a PE ratio of 31.64, a P/E/G ratio of 2.07 and a beta of 1.26. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.68 by $0.29. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. The business had revenue of $593.74 million for the quarter, compared to analyst estimates of $599.90 million. During the same quarter in the previous year, the firm earned $1.26 EPS. Equities analysts predict that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

Insider Activity

In related news, Director Dana C. O’brien sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total value of $351,780.00. Following the transaction, the director now directly owns 25,901 shares in the company, valued at approximately $4,555,726.89. This represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Sterling Infrastructure

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its holdings in shares of Sterling Infrastructure by 16.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 59,186 shares of the construction company’s stock worth $7,004,000 after purchasing an additional 8,151 shares during the period. Sei Investments Co. boosted its stake in Sterling Infrastructure by 190.0% during the second quarter. Sei Investments Co. now owns 89,573 shares of the construction company’s stock worth $10,600,000 after buying an additional 58,682 shares during the period. Xponance Inc. boosted its stake in Sterling Infrastructure by 5.1% during the second quarter. Xponance Inc. now owns 1,914 shares of the construction company’s stock worth $227,000 after buying an additional 93 shares during the period. AXA S.A. acquired a new stake in shares of Sterling Infrastructure during the second quarter valued at about $868,000. Finally, Cim Investment Management Inc. purchased a new stake in shares of Sterling Infrastructure in the 2nd quarter valued at approximately $278,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

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.