New Mexico Educational Retirement Board Buys New Stake in Sterling Infrastructure, Inc. $STRL

New Mexico Educational Retirement Board bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,300 shares of the construction company’s stock, valued at approximately $1,929,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp grew its holdings 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 valued at $28,000 after purchasing an additional 35 shares in the last quarter. Optiver Holding B.V. grew its holdings 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 valued at $35,000 after purchasing an additional 53 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings 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 valued at $35,000 after purchasing an additional 79 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Sterling Infrastructure by 33.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock valued at $33,000 after purchasing an additional 27 shares in the last quarter. Finally, USA Financial Formulas purchased a new position in shares of Sterling Infrastructure in the fourth quarter valued at $40,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the company’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following the transaction, the chief executive officer owned 290,593 shares in the company, valued at $144,590,359.01. This represents a 14.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through 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.

Sterling Infrastructure Stock Performance

STRL stock opened at $875.52 on Wednesday. The firm has a market cap of $26.87 billion, a price-to-earnings ratio of 78.31, a PEG ratio of 3.13 and a beta of 1.81. The firm has a 50-day simple moving average of $591.67 and a two-hundred day simple moving average of $442.65. Sterling Infrastructure, Inc. has a one year low of $190.42 and a one year high of $893.13. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.10.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. KeyCorp raised their target price on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a report on Tuesday. Weiss Ratings lowered shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. Oppenheimer started coverage on shares of Sterling Infrastructure in a research report on Thursday, May 28th. They set an “outperform” rating and a $950.00 price objective on the stock. Stifel Nicolaus set a $486.00 target price on shares of Sterling Infrastructure and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, Argus started coverage on shares of Sterling Infrastructure in a research note on Thursday, April 16th. They issued a “buy” rating and a $510.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Sterling Infrastructure has a consensus rating of “Moderate Buy” and an average price target of $720.67.

Sterling Infrastructure Profile

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.