13,025 Shares in Sterling Infrastructure, Inc. $STRL Acquired by Walleye Capital LLC

Walleye Capital LLC purchased a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 13,025 shares of the construction company’s stock, valued at approximately $10,933,000.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp lifted its position in Sterling Infrastructure by 62.0% during the second quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock valued at $261,129,000 after buying an additional 433,311 shares in the last quarter. Invesco Ltd. increased its position in shares of Sterling Infrastructure by 29.8% in the third quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock worth $324,526,000 after acquiring an additional 219,477 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Sterling Infrastructure by 27.3% in the 1st quarter. First Trust Advisors LP now owns 877,990 shares of the construction company’s stock valued at $357,579,000 after acquiring an additional 188,048 shares during the period. UBS Group AG raised its stake in shares of Sterling Infrastructure by 45.4% in the 3rd quarter. UBS Group AG now owns 483,864 shares of the construction company’s stock valued at $164,359,000 after acquiring an additional 151,146 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Sterling Infrastructure by 123.3% during the 4th quarter. JPMorgan Chase & Co. now owns 262,824 shares of the construction company’s stock valued at $80,485,000 after acquiring an additional 145,100 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insider Buying and Selling

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 value of $2,220,000.00. Following the transaction, the general counsel owned 28,137 shares in the company, valued at $24,985,656. The trade was a 8.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

STRL has been the subject of a number of research reports. Cantor Fitzgerald decreased their price target on shares of Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. KeyCorp cut their price objective on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Oppenheimer initiated coverage on Sterling Infrastructure in a research note on Thursday, May 28th. They set an “outperform” rating and a $950.00 price objective on the stock. Zacks Research downgraded Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Finally, Weiss Ratings lowered Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $657.00.

Sterling Infrastructure Trading Up 4.2%

STRL opened at $576.48 on Friday. The firm’s 50 day moving average is $704.54 and its 200-day moving average is $591.04. Sterling Infrastructure, Inc. has a 52-week low of $263.45 and a 52-week high of $1,005.68. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $17.63 billion, a P/E ratio of 41.56, a P/E/G ratio of 1.93 and a beta of 1.88.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.01 by $0.79. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. Sterling Infrastructure’s revenue for the quarter was up 90.4% compared to the same quarter last year. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. Analysts expect that Sterling Infrastructure, Inc. will post 19.11 EPS for the current fiscal year.

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.