DA Davidson Weighs in on Sterling Infrastructure, Inc.’s Q2 2024 Earnings (NASDAQ:STRL)

Sterling Infrastructure, Inc. (NASDAQ:STRLFree Report) – Stock analysts at DA Davidson issued their Q2 2024 EPS estimates for Sterling Infrastructure in a research report issued on Wednesday, May 8th. DA Davidson analyst B. Thielman anticipates that the construction company will post earnings of $1.47 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $115.00 price target on the stock. The consensus estimate for Sterling Infrastructure’s current full-year earnings is $5.30 per share.

Sterling Infrastructure Trading Down 0.6 %

NASDAQ STRL opened at $127.33 on Monday. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 26.47, a price-to-earnings-growth ratio of 1.22 and a beta of 1.21. The company’s fifty day moving average price is $108.38 and its two-hundred day moving average price is $88.55. Sterling Infrastructure has a 12 month low of $42.16 and a 12 month high of $131.44. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.25 and a quick ratio of 1.25.

Sterling Infrastructure (NASDAQ:STRLGet Free Report) last posted its quarterly earnings data on Monday, February 26th. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.30. Sterling Infrastructure had a return on equity of 25.06% and a net margin of 7.47%. The business had revenue of $485.98 million for the quarter, compared to analysts’ expectations of $526.90 million.

Insider Buying and Selling

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 4,134 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $106.22, for a total transaction of $439,113.48. Following the transaction, the general counsel now owns 35,048 shares of the company’s stock, valued at approximately $3,722,798.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $108.16, for a total transaction of $432,640.00. Following the completion of the transaction, the general counsel now owns 31,048 shares in the company, valued at $3,358,151.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Mark D. Wolf sold 4,134 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $106.22, for a total value of $439,113.48. Following the sale, the general counsel now owns 35,048 shares in the company, valued at $3,722,798.56. The disclosure for this sale can be found here. Insiders have sold 198,172 shares of company stock worth $22,019,320 in the last quarter. 3.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sterling Infrastructure

Several hedge funds and other institutional investors have recently bought and sold shares of the business. New York State Teachers Retirement System increased its position in shares of Sterling Infrastructure by 4.3% during the first quarter. New York State Teachers Retirement System now owns 2,711 shares of the construction company’s stock worth $299,000 after acquiring an additional 111 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in Sterling Infrastructure by 1.1% during the fourth quarter. SummerHaven Investment Management LLC now owns 12,763 shares of the construction company’s stock valued at $1,122,000 after purchasing an additional 141 shares during the period. Legacy Bridge LLC lifted its holdings in Sterling Infrastructure by 0.9% during the first quarter. Legacy Bridge LLC now owns 17,680 shares of the construction company’s stock valued at $1,950,000 after purchasing an additional 155 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Sterling Infrastructure by 7.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,707 shares of the construction company’s stock valued at $299,000 after buying an additional 178 shares during the period. Finally, EntryPoint Capital LLC increased its stake in shares of Sterling Infrastructure by 14.1% during the first quarter. EntryPoint Capital LLC now owns 1,673 shares of the construction company’s stock valued at $185,000 after buying an additional 207 shares during the period. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Company Profile

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for Sterling Infrastructure (NASDAQ:STRL)

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