TD Private Client Wealth LLC Trims Holdings in Sterling Infrastructure, Inc. $STRL

TD Private Client Wealth LLC cut its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 44.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,028 shares of the construction company’s stock after selling 823 shares during the quarter. TD Private Client Wealth LLC’s holdings in Sterling Infrastructure were worth $315,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in STRL. Root Financial Partners LLC purchased a new position in shares of Sterling Infrastructure in the third quarter valued at $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Sterling Infrastructure in the third quarter valued at $28,000. Fifth Third Bancorp grew its position in shares of Sterling Infrastructure by 76.1% in the third quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock valued at $28,000 after purchasing an additional 35 shares in the last quarter. Rakuten Securities Inc. grew its position in shares of Sterling Infrastructure by 6,950.0% in the second quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock valued at $33,000 after purchasing an additional 139 shares in the last quarter. Finally, Optiver Holding B.V. grew its position in shares of Sterling Infrastructure by 108.2% in the third quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock valued at $35,000 after purchasing an additional 53 shares in the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Sterling Infrastructure Price Performance

NASDAQ:STRL opened at $732.94 on Friday. The firm has a market capitalization of $22.49 billion, a price-to-earnings ratio of 65.56, a P/E/G ratio of 2.72 and a beta of 1.64. Sterling Infrastructure, Inc. has a 52-week low of $179.46 and a 52-week high of $893.13. The stock has a fifty day moving average of $544.70 and a 200 day moving average of $424.67. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.10.

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

Insider Transactions at Sterling Infrastructure

In related news, CEO Joseph A. Cutillo sold 50,000 shares of Sterling Infrastructure stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following the completion of the sale, the chief executive officer 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

STRL has been the subject of several recent research reports. Wall Street Zen upgraded Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. DA Davidson lifted their price target on Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Stifel Nicolaus set a $486.00 price target on Sterling Infrastructure and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, Weiss Ratings lowered Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Sterling Infrastructure currently has an average rating of “Moderate Buy” and a consensus target price of $668.20.

Sterling Infrastructure 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.