State of Michigan Retirement System Takes Position in Sterling Infrastructure, Inc. $STRL

State of Michigan Retirement System purchased a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,300 shares of the construction company’s stock, valued at approximately $2,235,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STRL. Root Financial Partners LLC purchased a new position in Sterling Infrastructure during the 3rd quarter valued at about $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sterling Infrastructure in the third quarter valued at approximately $28,000. Fifth Third Bancorp grew its position in shares of Sterling Infrastructure by 76.1% in the third quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock valued at $28,000 after purchasing an additional 35 shares during the last quarter. Bogart Wealth LLC increased its stake in shares of Sterling Infrastructure by 535.7% during the 3rd quarter. Bogart Wealth LLC now owns 89 shares of the construction company’s stock worth $30,000 after purchasing an additional 75 shares in the last quarter. Finally, Optiver Holding B.V. raised its position in shares of Sterling Infrastructure by 108.2% during the 3rd quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock worth $35,000 after purchasing an additional 53 shares during the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

STRL has been the topic of a number of analyst reports. Zacks Research upgraded Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 4th. DA Davidson upped their price objective on Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Weiss Ratings raised Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 28th. Finally, Stifel Nicolaus set a $486.00 target price on shares of Sterling Infrastructure and gave the company a “buy” rating in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, Sterling Infrastructure presently has an average rating of “Buy” and a consensus price target of $510.00.

Sterling Infrastructure Price Performance

STRL stock opened at $533.47 on Friday. The stock has a market capitalization of $16.37 billion, a price-to-earnings ratio of 56.93, a price-to-earnings-growth ratio of 2.66 and a beta of 1.64. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.25. Sterling Infrastructure, Inc. has a 52-week low of $161.20 and a 52-week high of $537.67. The stock’s fifty day simple moving average is $436.19 and its 200-day simple moving average is $381.00.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Wednesday, February 25th. The construction company reported $3.08 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.45. Sterling Infrastructure had a net margin of 11.65% and a return on equity of 32.82%. The business had revenue of $755.61 million for the quarter, compared to analyst estimates of $639.41 million. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. Equities research analysts expect that Sterling Infrastructure, Inc. will post 12.94 EPS for the current year.

Insiders Place Their Bets

In related news, Director Dana C. O’brien sold 2,000 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $410.00, for a total value of $820,000.00. Following the transaction, the director directly owned 11,498 shares of the company’s stock, valued at approximately $4,714,180. This trade represents a 14.82% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Joseph A. Cutillo sold 50,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer directly owned 290,593 shares of the company’s stock, valued at approximately $144,590,359.01. This trade represents a 14.68% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 104,000 shares of company stock valued at $49,162,500. Insiders own 1.60% of the company’s stock.

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.