Mon Sep 23 22:28:50 UTC 2024: ## Sterling Infrastructure EVP Sells Shares, Company Stock Rises

**[City, State] –** Sterling Infrastructure, Inc. (NASDAQ:STRL) EVP Ronald A. Ballschmiede sold 18,700 shares of the company’s stock on Thursday, September 19th, for a total transaction of $2,685,133. This leaves him with 248,471 shares, valued at $35,677,950.89.

Despite the insider selling, Sterling Infrastructure stock rose $0.74 on Monday, reaching $148.90. This follows a strong earnings report released on August 5th, where the company beat analyst estimates on both earnings per share and revenue.

The company’s strong financial performance has attracted institutional investors. Vanguard Group Inc., Congress Asset Management Co. MA, Driehaus Capital Management LLC, Allspring Global Investments Holdings LLC, and Hennessy Advisors Inc. have all increased their holdings in Sterling Infrastructure in recent quarters.

Sterling Infrastructure, Inc. provides e-infrastructure, transportation, and building solutions primarily in the United States. They operate through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions.

Analysts are predicting that Sterling Infrastructure will post 5.66 EPS for the current year.

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