VIRGINIA RETIREMENT SYSTEMS ET Al Has $3.38 Million Stock Position in Sterling Infrastructure, Inc. $STRL

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 6.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,023 shares of the construction company’s stock after buying an additional 630 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Sterling Infrastructure were worth $3,376,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of STRL. Root Financial Partners LLC acquired a new position in shares of Sterling Infrastructure during the 3rd quarter worth $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Sterling Infrastructure during the 3rd quarter worth $28,000. Fifth Third Bancorp raised its holdings in shares of Sterling Infrastructure by 76.1% during the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock worth $28,000 after buying an additional 35 shares in the last quarter. Bogart Wealth LLC raised its holdings 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 buying an additional 75 shares in the last quarter. Finally, Rakuten Securities Inc. raised 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 worth $33,000 after buying an additional 139 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on STRL shares. DA Davidson boosted their price target on Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Wall Street Zen cut Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 28th. KeyCorp boosted their price target on Sterling Infrastructure from $572.00 to $889.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Finally, Stifel Nicolaus set a $486.00 target price on Sterling Infrastructure and gave the stock a “buy” rating in a report on Wednesday, February 11th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $668.20.

Sterling Infrastructure Price Performance

Shares of STRL opened at $889.03 on Friday. Sterling Infrastructure, Inc. has a 12-month low of $176.15 and a 12-month high of $893.13. The business has a 50-day simple moving average of $502.52 and a two-hundred day simple moving average of $409.00. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock has a market cap of $27.28 billion, a PE ratio of 79.52, a PEG ratio of 3.16 and a beta of 1.64.

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

Insider Transactions at Sterling Infrastructure

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total value of $24,878,500.00. Following the completion of the sale, the chief executive officer owned 290,593 shares of the company’s stock, valued at approximately $144,590,359.01. This represents a 14.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is currently owned by insiders.

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.