Kingsview Wealth Management LLC Buys Shares of 3,919 Sterling Infrastructure, Inc. $STRL

Kingsview Wealth Management LLC purchased a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 3,919 shares of the construction company’s stock, valued at approximately $3,289,000.

A number of other institutional investors also recently made changes to their positions in STRL. Wellington Shields & Co. LLC acquired a new position in shares of Sterling Infrastructure during the second quarter valued at approximately $29,000. Persistent Asset Partners Ltd acquired a new stake in Sterling Infrastructure in the second quarter worth approximately $40,000. MassMutual Private Wealth & Trust FSB boosted its stake in Sterling Infrastructure by 100.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 60 shares of the construction company’s stock valued at $50,000 after purchasing an additional 30 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Sterling Infrastructure by 43.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company’s stock valued at $66,000 after purchasing an additional 24 shares in the last quarter. Finally, Cedar Mountain Advisors LLC increased its position 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 valued at $33,000 after purchasing an additional 80 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the general counsel directly owned 28,137 shares in the company, valued at approximately $24,985,656. This trade represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.

Sterling Infrastructure Stock Performance

Shares of STRL stock opened at $470.52 on Friday. The company has a market capitalization of $14.39 billion, a price-to-earnings ratio of 33.92, a P/E/G ratio of 1.64 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 current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.19. The stock’s fifty day simple moving average is $638.53 and its 200-day simple moving average is $601.26.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, topping 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 firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $969.22 million. The firm’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. On average, sell-side analysts predict that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wall Street Zen raised Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 24th. Weiss Ratings cut Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Cantor Fitzgerald lowered their target price on Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. KeyCorp dropped their price target on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Finally, Zacks Research downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently 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.