Sterling Infrastructure, Inc. $STRL Shares Sold by Riggs Asset Managment Co. Inc.

Riggs Asset Managment Co. Inc. trimmed its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 38.9% in the fourth quarter, HoldingsChannel reports. The firm owned 20,684 shares of the construction company’s stock after selling 13,145 shares during the period. Sterling Infrastructure makes up 1.3% of Riggs Asset Managment Co. Inc.’s investment portfolio, making the stock its 27th largest position. Riggs Asset Managment Co. Inc.’s holdings in Sterling Infrastructure were worth $6,334,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in shares of Sterling Infrastructure during the third quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in Sterling Infrastructure in the 3rd quarter worth approximately $28,000. Fifth Third Bancorp grew its holdings in Sterling Infrastructure by 76.1% in the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock worth $28,000 after buying an additional 35 shares in the last quarter. Bogart Wealth LLC increased its position in Sterling Infrastructure by 535.7% in the 3rd quarter. Bogart Wealth LLC now owns 89 shares of the construction company’s stock valued at $30,000 after acquiring an additional 75 shares during the period. Finally, Optiver Holding B.V. raised its stake in Sterling Infrastructure by 108.2% during the 3rd quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock valued at $35,000 after acquiring an additional 53 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insider Buying and Selling

In related news, Director Dana C. O’brien sold 2,000 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $410.00, for a total transaction of $820,000.00. Following the completion of the sale, the director directly owned 11,498 shares of the company’s stock, valued at $4,714,180. This represents a 14.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joseph A. Cutillo sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $453.48, for a total transaction of $22,674,000.00. Following the sale, the chief executive officer owned 340,593 shares of the company’s stock, valued at $154,452,113.64. The trade was a 12.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 54,000 shares of company stock worth $24,284,000 over the last quarter. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wall Street Zen cut Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 28th. Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 4th. KeyCorp initiated coverage on shares of Sterling Infrastructure in a research note on Thursday. They set an “overweight” rating and a $572.00 target price on the stock. Cantor Fitzgerald boosted their price target on shares of Sterling Infrastructure from $413.00 to $482.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings raised shares of Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Two investment analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $510.00.

Sterling Infrastructure Trading Up 1.6%

Shares of STRL stock opened at $495.67 on Friday. The stock has a 50-day simple moving average of $429.45 and a 200 day simple moving average of $376.14. The stock has a market capitalization of $15.21 billion, a P/E ratio of 52.90, a P/E/G ratio of 2.51 and a beta of 1.51. Sterling Infrastructure, Inc. has a fifty-two week low of $139.20 and a fifty-two week high of $504.05. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.25.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings results on Wednesday, February 25th. The construction company reported $3.08 EPS for the quarter, topping the consensus estimate of $2.63 by $0.45. Sterling Infrastructure had a net margin of 11.65% and a return on equity of 32.82%. The firm had revenue of $755.61 million for the quarter, compared to analysts’ expectations of $639.41 million. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. On average, sell-side analysts expect that Sterling Infrastructure, Inc. will post 12.95 earnings per share for the current fiscal year.

About Sterling Infrastructure

Sterling Infrastructure, Inc (NASDAQ: STRL) is a diversified manufacturer and distributor of essential infrastructure products serving municipal, utility and industrial customers across North America. Through its network of wholly owned subsidiaries, the company designs, engineers and produces a wide range of cast and fabricated solutions tailored to the needs of the waterworks, natural gas, telecommunications, electric, traffic safety and parks & recreation markets.

The company’s product portfolio encompasses ductile iron and composite fittings, valve boxes, manhole frames and covers, water and gas meter sets, street light poles and mounting accessories, traffic sign posts with breakaway systems, bollards and related system components.