Harel Insurance Investments & Financial Services Ltd. Purchases Shares of 1,290 Sterling Infrastructure, Inc. $STRL

Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,290 shares of the construction company’s stock, valued at approximately $525,000.

Other hedge funds have also recently made changes to their positions in the company. NFSG Corp grew its stake in shares of Sterling Infrastructure by 578.6% during the first quarter. NFSG Corp now owns 95 shares of the construction company’s stock valued at $39,000 after buying an additional 81 shares during the last quarter. Calamos Advisors LLC lifted its stake in shares of Sterling Infrastructure by 8.3% in the 1st quarter. Calamos Advisors LLC now owns 12,399 shares of the construction company’s stock valued at $5,050,000 after acquiring an additional 946 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Sterling Infrastructure by 45.5% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 956 shares of the construction company’s stock valued at $389,000 after acquiring an additional 299 shares during the last quarter. State of Michigan Retirement System boosted its holdings in Sterling Infrastructure by 1.4% during the 1st quarter. State of Michigan Retirement System now owns 7,400 shares of the construction company’s stock valued at $3,014,000 after acquiring an additional 100 shares during the period. Finally, Diversify Wealth Management LLC boosted its holdings in Sterling Infrastructure by 45.1% during the 1st quarter. Diversify Wealth Management LLC now owns 12,156 shares of the construction company’s stock valued at $4,951,000 after acquiring an additional 3,779 shares during the period. 80.95% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the business’s stock in a transaction 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 transaction, the general counsel directly owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. The trade was a 8.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph A. Cutillo sold 50,000 shares of the company’s 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 transaction, the chief executive officer owned 290,593 shares of the company’s stock, valued at $144,590,359.01. This trade represents a 14.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on STRL shares. Zacks Research raised Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 1st. Cantor Fitzgerald reissued an “overweight” rating on shares of Sterling Infrastructure in a research note on Thursday, June 18th. Oppenheimer started coverage on shares of Sterling Infrastructure in a report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 target price on the stock. Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, Weiss Ratings upgraded shares of Sterling Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $720.67.

Sterling Infrastructure Price Performance

Shares of STRL stock opened at $641.35 on Friday. The firm has a market cap of $19.68 billion, a P/E ratio of 57.37, a P/E/G ratio of 2.43 and a beta of 1.83. Sterling Infrastructure, Inc. has a fifty-two week low of $230.00 and a fifty-two week high of $1,005.68. The business’s 50 day moving average price is $804.41 and its 200-day moving average price is $553.58. 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 announced its earnings results on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $1.30. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.The company had revenue of $825.67 million during the quarter, compared to the consensus estimate of $603.58 million. During the same quarter in the prior 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, equities research analysts anticipate that Sterling Infrastructure, Inc. will post 18.35 earnings per share for the current year.

Sterling Infrastructure Company 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.