RFG Advisory LLC Invests $1.35 Million in Sterling Infrastructure, Inc. $STRL

RFG Advisory LLC purchased a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 2nd quarter, Holdings Channel reports. The fund purchased 1,614 shares of the construction company’s stock, valued at approximately $1,355,000.

Other hedge funds have also added to or reduced their stakes in the company. California State Teachers Retirement System increased its position in Sterling Infrastructure by 81,481.8% in the second quarter. California State Teachers Retirement System now owns 29,173,636 shares of the construction company’s stock worth $24,487,183,000 after purchasing an additional 29,137,876 shares during the period. BlackRock Inc. acquired a new position in Sterling Infrastructure during the 2nd quarter valued at about $2,713,946,000. State Street Corp lifted its position in Sterling Infrastructure by 62.0% during the 2nd quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock valued at $261,129,000 after purchasing an additional 433,311 shares during the period. Invesco Ltd. boosted its stake in shares of Sterling Infrastructure by 29.8% in the 3rd quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock valued at $324,526,000 after purchasing an additional 219,477 shares during the last quarter. Finally, First Trust Advisors LP boosted 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 purchasing an additional 188,048 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

Insider Buying and Selling at Sterling Infrastructure

In other news, General Counsel Mark 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 completion of the transaction, the general counsel owned 28,137 shares of the company’s stock, valued at $24,985,656. The trade was a 8.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Sterling Infrastructure Stock Performance

Shares of NASDAQ:STRL opened at $511.04 on Friday. The company has a market capitalization of $15.63 billion, a price-to-earnings ratio of 36.85, a P/E/G ratio of 1.69 and a beta of 1.85. The firm’s 50 day simple moving average is $570.53 and its 200 day simple moving average is $605.13. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11. Sterling Infrastructure, Inc. has a fifty-two week low of $281.58 and a fifty-two week high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) 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 firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $969.22 million. The business’s quarterly 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. As a group, sell-side analysts forecast that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current year.

Analyst Ratings Changes

STRL has been the subject of a number of recent research reports. KeyCorp dropped their price target on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. Oppenheimer assumed coverage on shares of Sterling Infrastructure in a research note on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price objective on the stock. Zacks Research lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Wall Street Zen cut shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Finally, Weiss Ratings downgraded 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 stock. According to data from MarketBeat.com, Sterling Infrastructure currently has an average rating of “Moderate Buy” and a consensus 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.