EVP BALLSCHMIEDE sold 18,700 STRL shares at $143.59 on 2024-09-19 ($2.7M); stock now at $148.90.
EVP Ronald A. Ballschmiede sold 18,700 shares (representing 7.0% reduction in holdings) at $143.59 on September 19, 2024, when the stock was trading $5.31 below its current price of $148.90—a gap indicating the sale occurred near recent lows before a subsequent rally. His prior three open-market sales at Sterling Infrastructure produced mixed post-sale returns: two sales saw the stock rise 90 days later (2024-03-20: +11.9%; 2024-03-15: +8.2%), while one sale in June 2023 occurred before a pronounced 90-day gain of +42.7%, meaning none of his prior sells at this ticker were well-timed (0 of 3 timed the decline). Cross-ticker, his three prior open-market sales averaged negative 30-day returns but positive 90-day returns (+20.9%), with a 0.00% well-timed rate. The current stock price is at its 52-week high of $148.90, representing a 26.1% 30-day gain; the sell occurred before this recent momentum. Sterling Infrastructure's fundamentals show net income of $51.9M on revenue of $582.8M with 11.5% annual revenue growth, though the P/E of 28.15 reflects premium valuation. The pattern suggests this insider disposed of a material stake into recent strength without evidence of predictive timing ability at this ticker.