Sequoia Financial Advisors LLC Purchases 4,156 Shares of Sterling Infrastructure, Inc. $STRL

Sequoia Financial Advisors LLC increased its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 435.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 5,110 shares of the construction company’s stock after acquiring an additional 4,156 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Sterling Infrastructure were worth $4,289,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Wellington Shields & Co. LLC bought a new position in Sterling Infrastructure in the 2nd quarter worth about $29,000. Persistent Asset Partners Ltd bought a new stake in shares of Sterling Infrastructure during the 2nd quarter valued at about $40,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Sterling Infrastructure by 100.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 60 shares of the construction company’s stock worth $50,000 after purchasing an additional 30 shares in the last quarter. TD Waterhouse Canada Inc. increased its position in shares of Sterling Infrastructure by 35.7% in the second quarter. TD Waterhouse Canada Inc. now owns 76 shares of the construction company’s stock worth $59,000 after purchasing an additional 20 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Sterling Infrastructure by 43.6% during the second 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 during the last quarter. Institutional investors own 80.95% of the company’s stock.

Insiders Place Their Bets

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

Sterling Infrastructure Stock Up 5.4%

Shares of NASDAQ STRL opened at $511.04 on Friday. The stock has a market capitalization of $15.63 billion, a P/E ratio of 36.85, a PEG ratio of 1.78 and a beta of 1.85. Sterling Infrastructure, Inc. has a one year low of $281.58 and a one year high of $1,005.68. The firm’s 50 day simple moving average is $570.53 and its two-hundred day simple moving average is $605.13. 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 announced its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $969.22 million. The firm’s revenue was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. As a group, analysts expect that Sterling Infrastructure, Inc. will post 19.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on STRL shares. Wall Street Zen cut shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 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 objective for the company. Zacks Research lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Weiss Ratings cut Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Finally, Cantor Fitzgerald lowered their price target on Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $690.33.

About Sterling Infrastructure

Sterling Infrastructure, Inc provides infrastructure, engineering and construction services across the United States. The company serves public and private-sector customers through three primary business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.

Its E-Infrastructure Solutions segment develops and builds large-scale infrastructure for data centers, advanced manufacturing facilities, energy and communications projects, and other complex industrial sites.