Great Lakes Advisors LLC Sells 10,753 Shares of Sterling Infrastructure, Inc. $STRL

Great Lakes Advisors LLC cut its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 17.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 51,757 shares of the construction company’s stock after selling 10,753 shares during the period. Great Lakes Advisors LLC’s holdings in Sterling Infrastructure were worth $15,850,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of STRL. State Street Corp boosted its holdings in Sterling Infrastructure by 62.0% in the 2nd quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock worth $261,129,000 after buying an additional 433,311 shares during the period. American Century Companies Inc. boosted its holdings in Sterling Infrastructure by 84.6% in the 3rd quarter. American Century Companies Inc. now owns 654,096 shares of the construction company’s stock worth $222,184,000 after buying an additional 299,724 shares during the period. First Trust Advisors LP boosted its holdings in Sterling Infrastructure by 83.5% in the 3rd quarter. First Trust Advisors LP now owns 606,236 shares of the construction company’s stock worth $205,926,000 after buying an additional 275,830 shares during the period. Invesco Ltd. boosted its holdings in Sterling Infrastructure by 29.8% in the 3rd quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock worth $324,526,000 after buying an additional 219,477 shares during the period. Finally, Capital Research Global Investors boosted its holdings in Sterling Infrastructure by 104.1% in the 3rd quarter. Capital Research Global Investors now owns 364,830 shares of the construction company’s stock worth $123,925,000 after buying an additional 186,122 shares during the period. 80.95% of the stock is owned by institutional investors.

Sterling Infrastructure News Roundup

Here are the key news stories impacting Sterling Infrastructure this week:

• Positive Sentiment: Sidoti lifted Sterling Infrastructure’s near- and longer-term earnings estimates across several quarters and fiscal years, reinforcing the view that the company’s growth and margins remain strong.
• Positive Sentiment: Wall Street sentiment remains constructive, with a consensus Buy rating and a median 12-month price target around $950, suggesting analysts still see upside from current levels. Wall Street Remains Positive on Sterling Infrastructure (STRL)
• Positive Sentiment: The recent Stone Ridge Contracting acquisition could add to Sterling’s E-Infrastructure Solutions segment and expand its footprint in the Pacific Northwest and Texas, potentially supporting future revenue growth. Sterling’s Stone Ridge Buyout Deal: A Catalyst for E-Infrastructure?

Sterling Infrastructure Stock Up 8.9%

Shares of NASDAQ:STRL opened at $838.55 on Friday. The firm has a fifty day moving average price of $665.72 and a two-hundred day moving average price of $473.46. 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 one year low of $197.73 and a one year high of $1,005.68. The company has a market cap of $25.73 billion, a price-to-earnings ratio of 75.00, a PEG ratio of 2.81 and a beta of 1.82.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, beating the consensus estimate of $2.29 by $1.30. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. The firm had revenue of $825.68 million during the quarter, compared to the consensus estimate of $603.58 million. During the same period last year, the firm earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Analysts anticipate that Sterling Infrastructure, Inc. will post 18.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on STRL. Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, June 1st. Weiss Ratings downgraded shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Cantor Fitzgerald raised their price objective on shares of Sterling Infrastructure from $482.00 to $956.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. DA Davidson raised their price objective on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Finally, KeyCorp raised their price objective on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. Based on data from MarketBeat.com, Sterling Infrastructure currently has an average rating of “Buy” and an average target price of $720.67.

Insider Buying and Selling

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 50,000 shares of the firm’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total value of $24,878,500.00. Following the completion of the transaction, the chief executive officer directly owned 290,593 shares of the company’s stock, valued at $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 is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is currently owned by insiders.

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.