3,580 Shares in Sterling Infrastructure, Inc. $STRL Purchased by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC purchased a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 3,580 shares of the construction company’s stock, valued at approximately $3,005,000.

A number of other large investors also recently bought and sold shares of STRL. Signature Equity Partners LLC boosted its position in Sterling Infrastructure by 19.5% in the 1st quarter. Signature Equity Partners LLC now owns 104 shares of the construction company’s stock worth $42,000 after purchasing an additional 17 shares in the last quarter. World Investment Advisors grew its stake in shares of Sterling Infrastructure by 2.4% during the 1st quarter. World Investment Advisors now owns 870 shares of the construction company’s stock worth $354,000 after purchasing an additional 20 shares during the period. Ritholtz Wealth Management increased its holdings in shares of Sterling Infrastructure by 3.6% during the 1st quarter. Ritholtz Wealth Management now owns 686 shares of the construction company’s stock valued at $279,000 after purchasing an additional 24 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Sterling Infrastructure by 33.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock valued at $33,000 after purchasing an additional 27 shares in the last quarter. Finally, Root Financial Partners LLC lifted its stake in shares of Sterling Infrastructure by 28.0% in the 1st quarter. Root Financial Partners LLC now owns 128 shares of the construction company’s stock valued at $52,000 after purchasing an additional 28 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STRL has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Sunday. Cantor Fitzgerald cut their price objective on shares of Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Zacks Research downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. KeyCorp lowered their target price on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Finally, Weiss Ratings cut Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Seven research 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, Sterling Infrastructure currently has a consensus rating of “Moderate Buy” and an average price target of $657.00.

Insider Transactions at Sterling Infrastructure

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the transaction, the general counsel directly owned 28,137 shares of the company’s stock, valued at $24,985,656. This trade represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.

Sterling Infrastructure Trading Down 8.1%

Shares of STRL stock opened at $554.76 on Wednesday. Sterling Infrastructure, Inc. has a 1-year low of $263.45 and a 1-year high of $1,005.68. The company has a market cap of $16.97 billion, a price-to-earnings ratio of 40.00, a PEG ratio of 2.01 and a beta of 1.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a 50 day simple moving average of $693.04 and a 200-day simple moving average of $595.56.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.01 by $0.79. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The company’s quarterly revenue was up 90.4% compared to the same quarter last year. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. On average, equities research analysts expect that Sterling Infrastructure, Inc. will post 19.11 EPS for the current fiscal year.

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.