Cibc World Market Inc. Acquires 4,896 Shares of Sterling Infrastructure, Inc. $STRL

Cibc World Market Inc. grew its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 10.8% during the 4th quarter, HoldingsChannel reports. The firm owned 50,157 shares of the construction company’s stock after purchasing an additional 4,896 shares during the quarter. Cibc World Market Inc.’s holdings in Sterling Infrastructure were worth $15,360,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Lido Advisors LLC increased its stake in shares of Sterling Infrastructure by 1.8% in the 4th quarter. Lido Advisors LLC now owns 1,725 shares of the construction company’s stock valued at $578,000 after purchasing an additional 31 shares during the last quarter. 1492 Capital Management LLC grew its position in Sterling Infrastructure by 1.7% during the 4th quarter. 1492 Capital Management LLC now owns 12,985 shares of the construction company’s stock worth $3,976,000 after acquiring an additional 223 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Sterling Infrastructure by 18.9% in the 4th quarter. CIBC Asset Management Inc now owns 1,155 shares of the construction company’s stock worth $354,000 after purchasing an additional 184 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Sterling Infrastructure by 4.9% in the 4th quarter. Bank of New York Mellon Corp now owns 188,201 shares of the construction company’s stock worth $57,633,000 after purchasing an additional 8,874 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Sterling Infrastructure by 35.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 201,886 shares of the construction company’s stock worth $61,824,000 after purchasing an additional 52,789 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 50,000 shares of the company’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total value of $24,878,500.00. Following the sale, the chief executive officer owned 290,593 shares in the company, valued at approximately $144,590,359.01. The trade was a 14.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on STRL. Oppenheimer began coverage on Sterling Infrastructure in a report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 target price for the company. Weiss Ratings cut Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Wall Street Zen lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 31st. Stifel Nicolaus set a $486.00 price objective on shares of Sterling Infrastructure and gave the company a “buy” rating in a report on Wednesday, February 11th. Finally, KeyCorp raised their price objective on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Sterling Infrastructure has a consensus rating of “Buy” and a consensus price target of $720.67.

Sterling Infrastructure Trading Down 11.2%

NASDAQ STRL opened at $882.43 on Friday. The business’s 50-day moving average price is $631.38 and its two-hundred day moving average price is $458.18. Sterling Infrastructure, Inc. has a 12 month low of $191.00 and a 12 month high of $1,005.68. The firm has a market capitalization of $27.08 billion, a PE ratio of 78.93, a price-to-earnings-growth ratio of 3.68 and a beta of 1.82. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23.

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 analysts’ consensus estimates of $2.29 by $1.30. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.The firm had revenue of $825.68 million for the quarter, compared to analyst estimates of $603.58 million. During the same quarter in the previous year, the company posted $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, analysts expect that Sterling Infrastructure, Inc. will post 18.03 EPS for the current year.

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.