Money Concepts Capital Corp Invests $427,000 in Sterling Infrastructure, Inc. $STRL

Money Concepts Capital Corp bought a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,395 shares of the construction company’s stock, valued at approximately $427,000.

Other institutional investors have also modified their holdings of the company. Root Financial Partners LLC purchased a new position in shares of Sterling Infrastructure during the third quarter worth approximately $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Sterling Infrastructure during the third quarter worth approximately $28,000. Fifth Third Bancorp increased its position in shares of Sterling Infrastructure by 76.1% during the third quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock worth $28,000 after acquiring an additional 35 shares during the period. Bogart Wealth LLC increased its holdings in Sterling Infrastructure by 535.7% during the third quarter. Bogart Wealth LLC now owns 89 shares of the construction company’s stock valued at $30,000 after buying an additional 75 shares during the period. Finally, Rakuten Securities Inc. increased its holdings in Sterling Infrastructure by 6,950.0% during the second quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock valued at $33,000 after buying an additional 139 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Price Performance

NASDAQ STRL opened at $889.03 on Friday. The firm’s fifty day simple moving average is $502.52 and its two-hundred day simple moving average is $409.00. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. Sterling Infrastructure, Inc. has a 12-month low of $176.15 and a 12-month high of $893.13. The firm has a market capitalization of $27.28 billion, a P/E ratio of 79.52, a P/E/G ratio of 3.16 and a beta of 1.64.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $1.30. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. The business had revenue of $825.68 million for the quarter, compared to analyst estimates of $603.58 million. During the same period in the previous year, the company earned $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Analysts forecast that Sterling Infrastructure, Inc. will post 18.01 EPS for the current fiscal year.

Insider Transactions at Sterling Infrastructure

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 50,000 shares of Sterling Infrastructure stock in a transaction on 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 transaction, the chief executive officer directly owned 290,593 shares of the company’s stock, valued at approximately $144,590,359.01. The trade was a 14.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on STRL shares. KeyCorp lifted their price objective on shares of Sterling Infrastructure from $572.00 to $889.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Argus started coverage on shares of Sterling Infrastructure in a report on Thursday, April 16th. They set a “buy” rating and a $510.00 price objective on the stock. Wall Street Zen lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 28th. Zacks Research lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Finally, Cantor Fitzgerald lifted their price objective on shares of Sterling Infrastructure from $482.00 to $956.00 and gave the company an “overweight” rating in a report on Monday. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $668.20.

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.