Sterling Infrastructure, Inc. $STRL Shares Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC increased its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 45.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,156 shares of the construction company’s stock after acquiring an additional 3,779 shares during the period. Diversify Wealth Management LLC’s holdings in Sterling Infrastructure were worth $4,951,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of STRL. Cedar Mountain Advisors LLC raised its holdings in Sterling Infrastructure by 8,000.0% during the first quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock worth $33,000 after purchasing an additional 80 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Sterling Infrastructure in the fourth quarter valued at $31,000. Caitong International Asset Management Co. Ltd increased its position 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 buying an additional 79 shares in the last quarter. EverSource Wealth Advisors LLC increased its position 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 buying an additional 27 shares in the last quarter. Finally, Root Financial Partners LLC raised its stake in shares of Sterling Infrastructure by 28.0% during the 1st quarter. Root Financial Partners LLC now owns 128 shares of the construction company’s stock worth $52,000 after buying an additional 28 shares during the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Weiss Ratings upgraded shares of Sterling Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 6th. Wall Street Zen cut shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Sterling Infrastructure in a report on Thursday, June 18th. Argus initiated coverage on shares of Sterling Infrastructure in a research report on Thursday, April 16th. They issued a “buy” rating and a $510.00 price target on the stock. Finally, KeyCorp raised their price objective on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $720.67.

Sterling Infrastructure Price Performance

STRL opened at $682.29 on Monday. The firm has a market cap of $20.94 billion, a P/E ratio of 61.03, a PEG ratio of 2.48 and a beta of 1.83. The business’s fifty day simple moving average is $811.80 and its 200 day simple moving average is $543.79. Sterling Infrastructure, Inc. has a 52 week low of $230.00 and a 52 week high of $1,005.68. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

Sterling Infrastructure (NASDAQ:STRL) last released its earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $1.30. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. The company had revenue of $825.67 million for the quarter, compared to analyst estimates of $603.58 million. During the same period in the prior year, the firm earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, equities research analysts anticipate that Sterling Infrastructure, Inc. will post 18.35 EPS for the current fiscal year.

Insider Buying and Selling

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the transaction, the general counsel owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. This represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total transaction 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. This trade represents a 14.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.60% of the company’s stock.

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.