OneDigital Investment Advisors LLC Invests $967,000 in Sterling Infrastructure, Inc. $STRL

OneDigital Investment Advisors LLC purchased a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,153 shares of the construction company’s stock, valued at approximately $967,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Kemnay Advisory Services Inc. bought a new position in Sterling Infrastructure in the 4th quarter worth about $31,000. EverSource Wealth Advisors LLC increased its position in shares of Sterling Infrastructure by 33.8% during 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 during the period. Cedar Mountain Advisors LLC increased its position in shares of Sterling Infrastructure by 8,000.0% during the first quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock valued at $33,000 after buying an additional 80 shares during the period. Rakuten Securities Inc. lifted its holdings in shares of Sterling Infrastructure by 6,950.0% in the second quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock worth $33,000 after buying an additional 139 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted 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 worth $35,000 after buying an additional 79 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on STRL. Oppenheimer began coverage on shares of Sterling Infrastructure in a research note on Thursday, May 28th. They set an “outperform” rating and a $950.00 price objective for the company. Weiss Ratings cut shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Cantor Fitzgerald cut their price target on shares of Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Wall Street Zen lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, KeyCorp decreased their price target on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $657.00.

Sterling Infrastructure Stock Up 4.8%

Shares of NASDAQ:STRL opened at $603.89 on Tuesday. The firm has a market capitalization of $18.47 billion, a PE ratio of 43.54, a price-to-earnings-growth ratio of 2.01 and a beta of 1.88. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.11. Sterling Infrastructure, Inc. has a 52-week low of $263.45 and a 52-week high of $1,005.68. The firm has a fifty day moving average of $698.78 and a 200 day moving average of $594.29.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.01 by $0.79. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $969.22 million. The business’s revenue was up 90.4% compared to the same quarter last year. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. As a group, research analysts anticipate that Sterling Infrastructure, Inc. will post 19.11 EPS for the current fiscal year.

Insider Buying and Selling at Sterling Infrastructure

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the transaction, the general counsel directly owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. This trade represents a 8.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate 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.