Sterling Infrastructure, Inc. $STRL Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC increased its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 28.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,099 shares of the construction company’s stock after acquiring an additional 1,561 shares during the quarter. Private Advisor Group LLC’s holdings in Sterling Infrastructure were worth $2,891,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC purchased a new stake in shares of Sterling Infrastructure in the 1st quarter valued at about $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Sterling Infrastructure by 12.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company’s stock worth $9,508,000 after buying an additional 9,625 shares during the last quarter. Focus Partners Wealth increased its position in Sterling Infrastructure by 13.7% during the first quarter. Focus Partners Wealth now owns 2,313 shares of the construction company’s stock worth $262,000 after buying an additional 279 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in Sterling Infrastructure during the second quarter worth approximately $5,929,000. Finally, Cerity Partners LLC lifted its stake in Sterling Infrastructure by 195.7% in the second quarter. Cerity Partners LLC now owns 19,522 shares of the construction company’s stock valued at $4,504,000 after buying an additional 12,921 shares during the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Price Performance

Sterling Infrastructure stock opened at $707.17 on Friday. 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 business has a 50 day simple moving average of $807.55 and a 200-day simple moving average of $541.19. Sterling Infrastructure, Inc. has a 12 month low of $226.64 and a 12 month high of $1,005.68. The stock has a market capitalization of $21.70 billion, a PE ratio of 63.25, a price-to-earnings-growth ratio of 2.40 and a beta of 1.83.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $1.30. The firm had revenue of $825.67 million for the quarter, compared to analyst estimates 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 last year, the firm posted $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Equities analysts predict that Sterling Infrastructure, Inc. will post 18.35 earnings per share for the current year.

Insider Buying and Selling at Sterling Infrastructure

In other news, General Counsel Mark D. Wolf sold 2,500 shares of Sterling Infrastructure stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $888.00, for a total value of $2,220,000.00. Following the sale, the general counsel owned 28,137 shares of the company’s stock, valued at $24,985,656. The trade was a 8.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph A. Cutillo sold 50,000 shares of Sterling Infrastructure 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 completion of the sale, the chief executive officer directly 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on STRL shares. KeyCorp increased their price objective on Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, June 1st. Cantor Fitzgerald reiterated an “overweight” rating on shares of Sterling Infrastructure in a research report on Thursday, June 18th. Oppenheimer initiated coverage on shares of Sterling Infrastructure in a research note on Thursday, May 28th. They set an “outperform” rating and a $950.00 price target for the company. Finally, Argus began coverage on shares of Sterling Infrastructure in a research report on Thursday, April 16th. They set a “buy” rating and a $510.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. According to data from MarketBeat, Sterling Infrastructure has an average rating of “Buy” and a consensus price target of $720.67.

Sterling Infrastructure Company 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.