Ranger Investment Management L.P. Makes New $23.38 Million Investment in Sterling Infrastructure, Inc. $STRL

Ranger Investment Management L.P. acquired a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 682,262 shares of the construction company’s stock, valued at approximately $23,381,000. Sterling Infrastructure accounts for about 1.5% of Ranger Investment Management L.P.’s portfolio, making the stock its 24th largest position.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Signature Equity Partners LLC raised its holdings in Sterling Infrastructure by 19.5% during the 1st quarter. Signature Equity Partners LLC now owns 104 shares of the construction company’s stock valued at $42,000 after buying an additional 17 shares during the last quarter. World Investment Advisors grew its holdings in Sterling Infrastructure by 2.4% in the 1st quarter. World Investment Advisors now owns 870 shares of the construction company’s stock worth $354,000 after acquiring an additional 20 shares during the last quarter. Ritholtz Wealth Management increased its position in shares of Sterling Infrastructure by 3.6% in the first quarter. Ritholtz Wealth Management now owns 686 shares of the construction company’s stock valued at $279,000 after acquiring an additional 24 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Sterling Infrastructure by 43.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company’s stock valued at $66,000 after acquiring an additional 24 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake 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 acquiring an additional 27 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

Shares of Sterling Infrastructure stock opened at $516.81 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $15.81 billion, a P/E ratio of 37.26, a P/E/G ratio of 1.80 and a beta of 1.88. The business has a fifty day simple moving average of $675.12 and a two-hundred day simple moving average of $598.85. Sterling Infrastructure, Inc. has a 12 month low of $266.13 and a 12 month high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last released its earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $5.01 by $0.79. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. Sterling Infrastructure’s quarterly 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. On average, equities analysts forecast that Sterling Infrastructure, Inc. will post 19.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on STRL shares. Cantor Fitzgerald dropped their target price 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. KeyCorp decreased their price target on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. Oppenheimer assumed coverage on shares of Sterling Infrastructure in a report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price objective for the company. Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Finally, Wall Street Zen raised Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Monday. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $690.33.

Insider Buying and Selling

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the business’s stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.60% of the stock is owned by insiders.

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.