On September 19, 2024, Ronald Ballschmiede, Executive Vice President of Sterling Infrastructure Inc (STRL, Financial), sold 18,700 shares of the company. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 248,471 shares of Sterling Infrastructure Inc.
Sterling Infrastructure Inc operates in the construction sector, specializing in building, civil, and specialty construction services across the United States. The company's projects often include transportation infrastructure, water infrastructure, and residential projects.
Over the past year, the insider has sold a total of 34,989 shares and has not purchased any shares. This recent transaction is part of a broader trend observed at Sterling Infrastructure Inc, where there have been 10 insider sells and no insider buys over the past year.
On the day of the sale, shares of Sterling Infrastructure Inc were trading at $143.59, giving the company a market cap of approximately $4.576 billion. The price-earnings ratio of the company stands at 28.58, which is above both the industry median of 15.355 and the company's historical median.
According to the GF Value, an intrinsic value estimate calculated by GuruFocus, Sterling Infrastructure Inc is significantly overvalued. The stock's price-to-GF-Value ratio is 3.27, with a GF Value of $43.87. This valuation considers historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation perspectives.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
