28-Mar-2024
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Sterling Publishes Its 2024 Sustainability Report
PRNewswire (Tue, 19-Mar 8:05 AM ET)
Sterling Announces Data Center Project Award Valued at Approximately $100 Million
PRNewswire (Mon, 18-Mar 8:05 AM ET)
ACCESSWIRE (Tue, 12-Mar 9:04 AM ET)
Sterling Announces Sharon Villaverde as Vice President of Finance
PRNewswire (Mon, 4-Mar 4:30 PM ET)
Sterling Reports Record Fourth Quarter and Full Year 2023 Results
PRNewswire (Mon, 26-Feb 4:05 PM ET)
Sterling Announces $78 Million in Major Nevada Highway Project Awards
PRNewswire (Mon, 26-Feb 8:05 AM ET)
Sterling Announces a $155 Million Aviation Award
PRNewswire (Mon, 26-Feb 8:05 AM ET)
Sterling Announces Election of William Bosway to its Board of Directors
PRNewswire (Thu, 22-Feb 4:05 PM ET)
Sterling Schedules 2023 Fourth Quarter and Full Year Release and Conference Call
PRNewswire (Thu, 15-Feb 8:30 AM ET)
Sterling Announces Planned Retirement of Chief Financial Officer Ronald Ballschmiede
PRNewswire (Mon, 12-Feb 4:05 PM ET)
Sterling Infrastructure Inc is a construction company that specializes in heavy civil infrastructure construction and infrastructure rehabilitation as well as residential construction projects. The company operates in three reportable segments namely, Transportation Solutions, E-Infrastructure Solutions, and Building Solution. Transportation Solutions include highways, roads, bridges, airfields, ports, light rail, and others. Building Solution projects include concrete foundations for single-family homes. E-Infrastructure Solutions include the services which are provided to large, blue-chip companies in the e-commerce, data center, distribution center, and warehousing, energy, mixed-use, and multi-family sectors. The majority of the revenue is generated from E-Infrastructure Solutions. .
Sterling Infrastructure trades on the NASDAQ stock market under the symbol STRL.
As of March 28, 2024, STRL stock price declined to $110.31 with 568,872 million shares trading.
STRL has a beta of 0.85, meaning it tends to be less sensitive to market movements. STRL has a correlation of 0.04 to the broad based SPY ETF.
STRL has a market cap of $3.44 billion. This is considered a Mid Cap stock.
Last quarter Sterling Infrastructure reported $486 million in Revenue and $1.30 earnings per share. This fell short of revenue expectation by $-36 million and exceeded earnings estimates by $.30.
In the last 3 years, STRL stock traded as high as $116.36 and as low as $19.76.
The top ETF exchange traded funds that STRL belongs to (by Net Assets): VTI, IWM, VXF, AIRR, PAVE.
STRL has outperformed the market in the last year with a return of +187.1%, while the SPY ETF gained +33.6%. In the last 3 month period, STRL beat the market returning +25.0%, while SPY returned +10.1%. However, in the most recent 2 weeks STRL has underperformed the stock market by returning +0.3%, while SPY returned +1.7%.
STRL support price is $110.74 and resistance is $116.12 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that STRL stock will trade within this expected range on the day.