Man Group plc Trims Stock Position in Sterling Infrastructure, Inc. $STRL

Man Group plc lowered its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 29.3% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 13,309 shares of the construction company’s stock after selling 5,523 shares during the period. Man Group plc’s holdings in Sterling Infrastructure were worth $11,171,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Shields & Co. LLC purchased a new position in Sterling Infrastructure during the second quarter valued at approximately $29,000. Kemnay Advisory Services Inc. purchased a new stake in Sterling Infrastructure in the 4th quarter worth approximately $31,000. Rakuten Securities Inc. boosted its position in Sterling Infrastructure by 6,950.0% in the 2nd quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock worth $33,000 after purchasing an additional 139 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Sterling Infrastructure by 33.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock worth $33,000 after purchasing an additional 27 shares in the last quarter. Finally, Cedar Mountain Advisors LLC grew its stake in shares of Sterling Infrastructure by 8,000.0% during the 1st 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 period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Stock Down 7.1%

STRL stock opened at $470.52 on Friday. The stock has a market capitalization of $14.39 billion, a P/E ratio of 33.92, a P/E/G ratio of 1.76 and a beta of 1.88. The firm has a 50-day simple moving average of $638.53 and a 200-day simple moving average of $601.26. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.19. Sterling Infrastructure, Inc. has a 52 week low of $266.13 and a 52 week high of $1,005.68.

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, topping the consensus estimate of $5.01 by $0.79. The firm had revenue of $1.17 billion during 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%. The business’s revenue for the quarter was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. Equities analysts forecast that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current fiscal year.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the stock in a transaction that occurred on 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 completion of the transaction, the general counsel owned 28,137 shares of the company’s stock, valued at $24,985,656. This represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. KeyCorp cut their target price on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Oppenheimer initiated coverage on shares of Sterling Infrastructure in a report on Thursday, May 28th. They set an “outperform” rating and a $950.00 price target on the stock. Cantor Fitzgerald dropped their price target on shares of Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Zacks Research cut shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Finally, Wall Street Zen upgraded shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 24th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Sterling Infrastructure has a consensus rating of “Moderate Buy” and a consensus price target of $690.33.

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.