VMS Asset Management Limited Makes New $2.82 Million Investment in Sterling Infrastructure, Inc. $STRL

VMS Asset Management Limited bought a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 9,200 shares of the construction company’s stock, valued at approximately $2,817,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC bought a new position in shares of Sterling Infrastructure in the 4th quarter valued at about $2,105,000. Truist Financial Corp grew its holdings in shares of Sterling Infrastructure by 30.8% in the 4th quarter. Truist Financial Corp now owns 5,005 shares of the construction company’s stock valued at $1,533,000 after acquiring an additional 1,179 shares in the last quarter. Telligent Fund LP bought a new position in shares of Sterling Infrastructure in the 3rd quarter valued at about $1,019,000. Harbor Capital Advisors Inc. grew its holdings in shares of Sterling Infrastructure by 6,893.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 3,287 shares of the construction company’s stock valued at $1,007,000 after acquiring an additional 3,240 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Sterling Infrastructure by 1,307.9% in the 3rd quarter. Allworth Financial LP now owns 7,631 shares of the construction company’s stock valued at $2,592,000 after acquiring an additional 7,089 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Trading Up 3.8%

Shares of STRL stock opened at $993.74 on Friday. The firm has a 50 day moving average price of $622.79 and a two-hundred day moving average price of $455.19. 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 company has a market capitalization of $30.50 billion, a PE ratio of 88.89, a price-to-earnings-growth ratio of 3.54 and a beta of 1.82. Sterling Infrastructure, Inc. has a 12-month low of $191.00 and a 12-month high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data 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. The firm had revenue of $825.68 million during the quarter, compared to the consensus estimate of $603.58 million. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. During the same period last year, the business posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, analysts predict that Sterling Infrastructure, Inc. will post 18.03 earnings per share for the current year.

Wall Street Analyst Weigh In

STRL has been the subject of several analyst reports. Zacks Research upgraded Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday. Weiss Ratings cut Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. DA Davidson raised their target price on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, February 27th. 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 target price for the company. Finally, Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 31st. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $720.67.

Insider Transactions at Sterling Infrastructure

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following the completion of the sale, the chief executive officer directly owned 290,593 shares in the company, valued at $144,590,359.01. This trade represents a 14.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is owned by company 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.