Verus Capital Partners LLC Reduces Holdings in Sterling Infrastructure, Inc. $STRL

Verus Capital Partners LLC lowered its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 76.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,425 shares of the construction company’s stock after selling 4,755 shares during the quarter. Verus Capital Partners LLC’s holdings in Sterling Infrastructure were worth $580,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BankChampaign National Association acquired a new stake in Sterling Infrastructure in the 1st quarter worth approximately $661,000. Norris Financial Group LLC acquired a new position in Sterling Infrastructure during the 1st quarter valued at approximately $262,000. Janus Henderson Group PLC increased its stake in Sterling Infrastructure by 7.5% during the 1st quarter. Janus Henderson Group PLC now owns 619,145 shares of the construction company’s stock valued at $252,207,000 after purchasing an additional 43,259 shares in the last quarter. Cim LLC raised its holdings in shares of Sterling Infrastructure by 813.0% in the first quarter. Cim LLC now owns 12,152 shares of the construction company’s stock worth $4,949,000 after buying an additional 10,821 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its holdings in shares of Sterling Infrastructure by 29.5% in the first quarter. Arkadios Wealth Advisors now owns 891 shares of the construction company’s stock worth $363,000 after buying an additional 203 shares during the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

STRL has been the topic of a number of research analyst reports. Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, June 1st. Oppenheimer assumed coverage on Sterling Infrastructure in a research note on Thursday, May 28th. They issued an “outperform” rating and a $950.00 target price for the company. Wall Street Zen cut Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Weiss Ratings downgraded Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Finally, Argus assumed coverage on Sterling Infrastructure in a research note on Thursday, April 16th. They set a “buy” rating and a $510.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to data from MarketBeat.com, Sterling Infrastructure presently has an average rating of “Buy” and an average price target of $720.67.

Sterling Infrastructure Stock Performance

Shares of NASDAQ STRL opened at $596.77 on Friday. The company has a 50 day simple moving average of $765.43 and a two-hundred day simple moving average of $576.37. The stock has a market cap of $18.31 billion, a price-to-earnings ratio of 53.38, a PEG ratio of 2.18 and a beta of 1.83. 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, Inc. has a 12 month low of $244.02 and a 12 month high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 earnings per share for the quarter, topping 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 firm had revenue of $825.67 million for the quarter, compared to analyst estimates of $603.58 million. During the same quarter in the prior year, the business earned $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, analysts predict that Sterling Infrastructure, Inc. will post 18.24 earnings per share for the current year.

Insider Buying and Selling

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the company’s stock in a transaction on 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

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.