M&T Bank Corp Acquires Shares of 1,100 Sterling Infrastructure, Inc. $STRL

M&T Bank Corp bought a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,100 shares of the construction company’s stock, valued at approximately $337,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC purchased a new stake in Sterling Infrastructure during the 3rd quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Sterling Infrastructure during the 3rd quarter valued at about $28,000. Fifth Third Bancorp grew its position in Sterling Infrastructure by 76.1% during the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock valued at $28,000 after purchasing an additional 35 shares during the last quarter. Bogart Wealth LLC grew its position in Sterling Infrastructure by 535.7% during the 3rd quarter. Bogart Wealth LLC now owns 89 shares of the construction company’s stock valued at $30,000 after purchasing an additional 75 shares during the last quarter. Finally, Rakuten Securities Inc. grew its position in Sterling Infrastructure by 6,950.0% during the 2nd quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock valued at $33,000 after purchasing an additional 139 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sterling Infrastructure

In related news, CEO Joseph A. Cutillo sold 50,000 shares of the firm’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total value of $24,878,500.00. Following the transaction, the chief executive officer directly owned 290,593 shares of the company’s stock, valued at approximately $144,590,359.01. This trade represents a 14.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on STRL shares. Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 28th. DA Davidson upped their price objective on Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, February 27th. KeyCorp upped their price objective on Sterling Infrastructure from $572.00 to $889.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Weiss Ratings raised Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. Finally, Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Sterling Infrastructure has a consensus rating of “Moderate Buy” and an average price target of $668.20.

Sterling Infrastructure Price Performance

NASDAQ STRL opened at $889.03 on Friday. The business’s fifty day moving average price is $502.52 and its 200-day moving average price is $409.00. The stock has a market capitalization of $27.28 billion, a price-to-earnings ratio of 79.52, a PEG ratio of 3.16 and a beta of 1.64. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 1.10. Sterling Infrastructure, Inc. has a 1-year low of $176.15 and a 1-year high of $893.13.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share for the quarter, beating the consensus estimate of $2.29 by $1.30. The firm had revenue of $825.68 million for the quarter, compared to analysts’ expectations of $603.58 million. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.During the same period in the prior year, the firm earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, equities analysts predict that Sterling Infrastructure, Inc. will post 18.01 earnings per share for the current year.

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.