Sterling Infrastructure (NASDAQ:STRL) Hits New 12-Month High – Still a 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 changing hands. The stock had previously closed at $196.55.

Wall Street Analyst Weigh In

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

Sterling Infrastructure Stock Performance

The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The company has a fifty day moving average price of $181.96 and a 200 day moving average price of $150.35. The stock has a market cap of $6.04 billion, a P/E ratio of 33.21, a P/E/G ratio of 2.07 and a beta of 1.26.

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

Insider Activity at Sterling Infrastructure

In other news, Director Dana C. O’brien sold 2,000 shares of the firm’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 owns 25,901 shares in the company, valued at $4,555,726.89. This trade represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Sterling Infrastructure

Institutional investors have recently bought and sold shares of the stock. Highland Capital Management LLC purchased a new position in Sterling Infrastructure during the 4th quarter worth $242,000. Bay Rivers Group bought a new position in shares of Sterling Infrastructure during the fourth quarter valued at about $341,000. KBC Group NV boosted its holdings in Sterling Infrastructure by 35.6% during the fourth quarter. KBC Group NV now owns 1,347 shares of the construction company’s stock worth $227,000 after purchasing an additional 354 shares during the last quarter. Blue Trust Inc. grew its position in Sterling Infrastructure by 32.3% in the 4th quarter. Blue Trust Inc. now owns 1,648 shares of the construction company’s stock worth $278,000 after purchasing an additional 402 shares in the last quarter. Finally, Mutual Advisors LLC purchased a new stake in Sterling Infrastructure in the 4th quarter valued at about $309,000. 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.