STRL - Sterling Infrastructure Chief Executive Officer Trades $13.35M In Company Stock | Benzinga
It was reported on March 27, that JOSEPH CUTILLO, Chief Executive Officer at Sterling Infrastructure (NASDAQ:STRL) executed a significant insider sell, according to an SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that CUTILLO sold 118,322 shares of Sterling Infrastructure. The total transaction amounted to $13,348,421.
The latest market snapshot at Thursday morning reveals Sterling Infrastructure shares down by 0.29%, trading at $113.1.
Get to Know Sterling Infrastructure Better
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's Financial Performance
Revenue Growth: Sterling Infrastructure's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company ...