Sterling Infrastructure (NASDAQ:STRL) Shares Gap Up – Time to Buy?

Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) gapped up prior to trading on Tuesday . The stock had previously closed at $143.00, but opened at $149.18. Sterling Infrastructure shares last traded at $142.11, with a volume of 107,584 shares.

Wall Street Analyst Weigh In

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

Sterling Infrastructure Stock Performance

The company’s 50-day simple moving average is $182.39 and its 200-day simple moving average is $151.73. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 2.07 and a beta of 1.26. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $599.90 million. During the same period in the prior year, the business posted $1.26 earnings per share. On average, analysts expect that Sterling Infrastructure, Inc. will post 5.98 EPS for the current year.

Insider Transactions at Sterling Infrastructure

In related news, Director Dana C. O’brien sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were 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 of the company’s stock, valued at approximately $4,555,726.89. This trade represents a 7.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Chartwell Investment Partners LLC lifted its stake in Sterling Infrastructure by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 8,958 shares of the construction company’s stock valued at $1,299,000 after acquiring an additional 70 shares in the last quarter. Xponance Inc. lifted its position in shares of Sterling Infrastructure by 5.1% during the second quarter. Xponance Inc. now owns 1,914 shares of the construction company’s stock valued at $227,000 after purchasing an additional 93 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Sterling Infrastructure by 45.2% during the third quarter. GAMMA Investing LLC now owns 302 shares of the construction company’s stock worth $44,000 after purchasing an additional 94 shares during the last quarter. Willis Investment Counsel grew its position in Sterling Infrastructure by 1.4% in the 4th quarter. Willis Investment Counsel now owns 7,535 shares of the construction company’s stock worth $1,269,000 after purchasing an additional 101 shares in the last quarter. Finally, Quarry LP increased its stake in Sterling Infrastructure by 510.7% in the 3rd quarter. Quarry LP now owns 171 shares of the construction company’s stock valued at $25,000 after buying an additional 143 shares during 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.