Sterling Infrastructure, Inc. $STRL Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 15.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 7,013 shares of the construction company’s stock after selling 1,303 shares during the period. HighTower Advisors LLC’s holdings in Sterling Infrastructure were worth $5,886,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Shields & Co. LLC purchased a new stake in Sterling Infrastructure during the second quarter worth approximately $29,000. Kemnay Advisory Services Inc. purchased a new position in shares of Sterling Infrastructure in the 4th quarter valued at $31,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Sterling Infrastructure by 33.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock valued at $33,000 after acquiring an additional 27 shares in the last quarter. Cedar Mountain Advisors LLC lifted its holdings in shares of Sterling Infrastructure by 8,000.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock valued at $33,000 after acquiring an additional 80 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its holdings in shares of 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 acquiring an additional 139 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Trading Down 2.1%

NASDAQ STRL opened at $484.86 on Friday. The stock has a market cap of $14.83 billion, a P/E ratio of 34.96, a PEG ratio of 1.72 and a beta of 1.85. The company’s fifty day simple moving average is $574.33 and its 200-day simple moving average is $605.79. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.19. Sterling Infrastructure, Inc. has a 52 week low of $281.58 and a 52 week high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.01 by $0.79. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $969.22 million. Sterling Infrastructure’s revenue was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. Equities research analysts predict that Sterling Infrastructure, Inc. will post 19.14 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, General Counsel Mark Wolf sold 2,500 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the completion of the sale, the general counsel directly owned 28,137 shares in the company, valued at $24,985,656. This trade represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

STRL has been the subject of several recent research reports. Wall Street Zen downgraded Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 5th. Oppenheimer assumed 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. DA Davidson began coverage on Sterling Infrastructure in a research report on Friday, August 21st. They issued a “buy” rating and a $700.00 target price for the company. Finally, Weiss Ratings lowered Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Sterling Infrastructure has a consensus rating of “Moderate Buy” and an average price target of $690.33.

About Sterling Infrastructure

Sterling Infrastructure, Inc provides infrastructure, engineering and construction services across the United States. The company serves public and private-sector customers through three primary business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.

Its E-Infrastructure Solutions segment develops and builds large-scale infrastructure for data centers, advanced manufacturing facilities, energy and communications projects, and other complex industrial sites.