Sterling Infrastructure, Inc. $STRL Stock Holdings Cut by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 35.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,650 shares of the construction company’s stock after selling 16,476 shares during the quarter. Thrivent Financial for Lutherans owned about 0.10% of Sterling Infrastructure worth $9,080,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new stake in shares of Sterling Infrastructure during the 1st quarter valued at $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Sterling Infrastructure by 12.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company’s stock valued at $9,508,000 after acquiring an additional 9,625 shares during the last quarter. Focus Partners Wealth lifted its position in shares of Sterling Infrastructure by 13.7% during the 1st quarter. Focus Partners Wealth now owns 2,313 shares of the construction company’s stock valued at $262,000 after acquiring an additional 279 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Sterling Infrastructure during the 2nd quarter valued at $5,929,000. Finally, Cerity Partners LLC lifted its position in shares of Sterling Infrastructure by 195.7% during the 2nd quarter. Cerity Partners LLC now owns 19,522 shares of the construction company’s stock valued at $4,504,000 after acquiring an additional 12,921 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

Sterling Infrastructure Price Performance

STRL opened at $728.29 on Wednesday. The stock has a fifty day moving average of $525.19 and a 200-day moving average of $417.36. The firm has a market capitalization of $22.35 billion, a P/E ratio of 65.14, a PEG ratio of 2.85 and a beta of 1.64. Sterling Infrastructure, Inc. has a 12-month low of $176.15 and a 12-month high of $893.13. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

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

Insider Activity

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the stock in a transaction on 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 in the company, valued at $144,590,359.01. This represents a 14.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Weiss Ratings downgraded Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Zacks Research downgraded Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. DA Davidson increased 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. Wall Street Zen downgraded Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 28th. Finally, Argus assumed coverage on Sterling Infrastructure in a research report on Thursday, April 16th. They set a “buy” rating and a $510.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Sterling Infrastructure currently has an average rating of “Moderate Buy” and a consensus target price of $668.20.

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.