Sterling Infrastructure Buys Back $400M Stock, Shares Rise
Update: 2025-11-12
Description
Sterling Infrastructures stock price surged after its board approved a $400 million stock buyback plan, reflecting CEO Joe Cutillos confidence in the companys future. The move came amidst strong third-quarter results and a record $2.6 billion in future work. Despite initial volatility, the stock closed up 2.8%, signaling market approval of the news. This positive development unfolded on a generally upbeat market day, with hopes of a government shutdown resolution and a rebound in regional bank shares.
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