WNY Asset Management LLC Makes New Investment in Sterling Infrastructure, Inc. $STRL

WNY Asset Management LLC bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 2nd quarter, HoldingsChannel reports. The fund bought 1,013 shares of the construction company’s stock, valued at approximately $850,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in STRL. Devon Energy Corp DE acquired a new stake in shares of Sterling Infrastructure during the 2nd quarter worth approximately $548,390,288,000. BlackRock Inc. bought a new position in Sterling Infrastructure in the second quarter valued at approximately $2,713,946,000. State Street Corp increased its stake in Sterling Infrastructure by 62.0% in the second quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock valued at $261,129,000 after acquiring an additional 433,311 shares during the last quarter. Invesco Ltd. raised its position in Sterling Infrastructure by 29.8% during the third quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock valued at $324,526,000 after purchasing an additional 219,477 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Sterling Infrastructure by 27.3% during the first quarter. First Trust Advisors LP now owns 877,990 shares of the construction company’s stock valued at $357,579,000 after purchasing an additional 188,048 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

STRL has been the topic of a number of research analyst reports. DA Davidson started coverage on Sterling Infrastructure in a report on Friday, August 21st. They issued a “buy” rating and a $700.00 target price on the stock. Zacks Research lowered Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Wall Street Zen raised Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Monday. Weiss Ratings downgraded Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Finally, KeyCorp reduced their price objective on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $690.33.

Insider Activity

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $888.00, for a total value of $2,220,000.00. Following the completion of the transaction, the general counsel directly owned 28,137 shares in the company, valued at approximately $24,985,656. This represents a 8.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

Sterling Infrastructure Price Performance

STRL stock opened at $506.37 on Friday. The company has a 50 day simple moving average of $646.36 and a 200 day simple moving average of $602.19. The stock has a market cap of $15.49 billion, a price-to-earnings ratio of 36.51, a P/E/G ratio of 1.73 and a beta of 1.88. Sterling Infrastructure, Inc. has a 1 year low of $266.13 and a 1 year high of $1,005.68. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11.

Sterling Infrastructure (NASDAQ:STRL) last issued its 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 net margin of 12.55% and a return on equity of 40.12%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $969.22 million. The company’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. Research analysts anticipate that Sterling Infrastructure, Inc. will post 19.14 EPS for the current fiscal year.

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.