Legato Capital Management LLC Sells 6,896 Shares of Sterling Infrastructure, Inc. $STRL

Legato Capital Management LLC lowered its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 35.4% during the 4th quarter, HoldingsChannel reports. The fund owned 12,588 shares of the construction company’s stock after selling 6,896 shares during the period. Legato Capital Management LLC’s holdings in Sterling Infrastructure were worth $3,855,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Root Financial Partners LLC bought a new position in shares of Sterling Infrastructure in the third quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Sterling Infrastructure in the third quarter worth approximately $28,000. Fifth Third Bancorp lifted its stake in shares of Sterling Infrastructure by 76.1% in the third 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. Optiver Holding B.V. lifted its stake in shares of Sterling Infrastructure by 108.2% in the third quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock worth $35,000 after buying an additional 53 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Sterling Infrastructure by 316.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 104 shares of the construction company’s stock worth $35,000 after buying an additional 79 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

Shares of NASDAQ STRL opened at $732.94 on Friday. The firm has a fifty day moving average price of $544.70 and a 200-day moving average price of $424.67. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market cap of $22.49 billion, a PE ratio of 65.56, a price-to-earnings-growth ratio of 2.72 and a beta of 1.64. Sterling Infrastructure, Inc. has a 1 year low of $179.46 and a 1 year high of $893.13.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $1.30. The firm had revenue of $825.68 million during the quarter, compared to analysts’ expectations of $603.58 million. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. During the same period in the prior year, the company posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Equities analysts anticipate that Sterling Infrastructure, Inc. will post 18.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Stifel Nicolaus set a $486.00 target price on shares of Sterling Infrastructure and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Weiss Ratings downgraded shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. Argus started coverage on shares of Sterling Infrastructure in a report on Thursday, April 16th. They set a “buy” rating and a $510.00 price objective for the company. Finally, Cantor Fitzgerald boosted their price objective on shares of Sterling Infrastructure from $482.00 to $956.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sterling Infrastructure has a consensus rating of “Moderate Buy” and a consensus price target of $668.20.

Insider Activity

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total value of $24,878,500.00. Following the completion of the sale, the chief executive officer directly owned 290,593 shares of the company’s stock, valued at $144,590,359.01. This represents a 14.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is currently owned by company insiders.

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.