Sterling Infrastructure, Inc. (NASDAQ:STRL) General Counsel Mark D. Wolf Sells 3,500 Shares of Stock

Sterling Infrastructure, Inc. (NASDAQ:STRL) General Counsel Mark D. Wolf sold 3,500 shares of the stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $225.87, for a total value of $790,545.00. Following the completion of the transaction, the general counsel now owns 29,315 shares of the company’s stock, valued at $6,621,379.05. The trade was a 10.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Sterling Infrastructure Trading Down 2.1%

Shares of NASDAQ STRL opened at $224.64 on Thursday. The firm has a 50 day moving average price of $183.79 and a two-hundred day moving average price of $158.85. The stock has a market cap of $6.83 billion, a P/E ratio of 26.24, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37. Sterling Infrastructure, Inc. has a 52-week low of $93.50 and a 52-week high of $233.57. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.32 and a current ratio of 1.32.

Institutional Trading of Sterling Infrastructure

Institutional investors have recently modified their holdings of the business. Invst LLC lifted its holdings in Sterling Infrastructure by 13.3% during the 1st quarter. Invst LLC now owns 8,206 shares of the construction company’s stock worth $929,000 after buying an additional 964 shares during the period. Rhumbline Advisers raised its position in shares of Sterling Infrastructure by 2.7% during the first quarter. Rhumbline Advisers now owns 47,770 shares of the construction company’s stock worth $5,408,000 after acquiring an additional 1,270 shares during the last quarter. Strs Ohio bought a new position in shares of Sterling Infrastructure during the first quarter worth about $962,000. Intech Investment Management LLC lifted its stake in shares of Sterling Infrastructure by 47.4% in the first quarter. Intech Investment Management LLC now owns 25,736 shares of the construction company’s stock worth $2,914,000 after acquiring an additional 8,281 shares during the period. Finally, Focus Partners Wealth boosted its holdings in Sterling Infrastructure by 13.7% in the first quarter. Focus Partners Wealth now owns 2,313 shares of the construction company’s stock valued at $262,000 after acquiring an additional 279 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on STRL shares. Wall Street Zen raised Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. DA Davidson boosted their price target on Sterling Infrastructure from $205.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, June 18th.

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.