Sterling Infrastructure (NASDAQ:STRL) Sets New 52-Week High – Should You Buy?

Sterling Infrastructure, Inc. (NASDAQ:STRL) shares reached a new 52-week high on Wednesday . The stock traded as high as $206.07 and last traded at $202.11, with a volume of 67443 shares traded. The stock had previously closed at $196.55.

Analyst Upgrades and Downgrades

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

Sterling Infrastructure Price Performance

The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of 34.08, a price-to-earnings-growth ratio of 1.88 and a beta of 1.26. The company has a 50-day moving average of $181.58 and a 200-day moving average of $149.41.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.29. The company had revenue of $593.74 million during the quarter, compared to the consensus estimate of $599.90 million. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. During the same quarter in the prior year, the firm earned $1.26 earnings per share. As a group, research analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

Insider Buying and Selling at Sterling Infrastructure

In related news, Director Dana C. O’brien sold 2,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total transaction of $351,780.00. Following the completion of the transaction, the director now directly owns 25,901 shares in the company, valued at approximately $4,555,726.89. This trade represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Sterling Infrastructure

Several institutional investors have recently bought and sold shares of STRL. KBC Group NV raised its holdings in shares of Sterling Infrastructure by 35.6% in the fourth quarter. KBC Group NV now owns 1,347 shares of the construction company’s stock valued at $227,000 after purchasing an additional 354 shares during the last quarter. Blue Trust Inc. increased its stake in Sterling Infrastructure by 32.3% in the 4th quarter. Blue Trust Inc. now owns 1,648 shares of the construction company’s stock valued at $278,000 after buying an additional 402 shares during the last quarter. Mutual Advisors LLC bought a new stake in Sterling Infrastructure during the 4th quarter worth about $309,000. SG Americas Securities LLC boosted its stake in shares of Sterling Infrastructure by 24.4% during the 4th quarter. SG Americas Securities LLC now owns 5,555 shares of the construction company’s stock worth $936,000 after buying an additional 1,089 shares during the last quarter. Finally, Perpetual Ltd grew its holdings in shares of Sterling Infrastructure by 31.7% in the 4th quarter. Perpetual Ltd now owns 4,375 shares of the construction company’s stock valued at $737,000 after acquiring an additional 1,054 shares in the last quarter. Institutional investors 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.