Sterling Infrastructure, Inc. $STRL Shares Sold by Castleark Management LLC

Castleark Management LLC trimmed its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 87.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,610 shares of the construction company’s stock after selling 18,590 shares during the quarter. Castleark Management LLC’s holdings in Sterling Infrastructure were worth $2,191,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in STRL. Engle Capital Management L.P. boosted its position in Sterling Infrastructure by 156.5% during the 1st quarter. Engle Capital Management L.P. now owns 26,500 shares of the construction company’s stock worth $10,793,000 after acquiring an additional 16,167 shares during the period. Devon Energy Corp DE acquired a new position in shares of Sterling Infrastructure during the second quarter valued at $548,390,288,000. Northwestern Mutual Investment Management Company LLC acquired a new position in shares of Sterling Infrastructure during the fourth quarter valued at $2,105,000. Private Advisor Group LLC raised its stake in shares of Sterling Infrastructure by 28.2% during the first quarter. Private Advisor Group LLC now owns 7,099 shares of the construction company’s stock valued at $2,891,000 after purchasing an additional 1,561 shares in the last quarter. Finally, Ranger Investment Management L.P. bought a new stake in shares of Sterling Infrastructure during the first quarter valued at about $21,844,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the general counsel directly owned 28,137 shares in the company, valued at approximately $24,985,656. This trade represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Monday. Weiss Ratings cut shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. KeyCorp dropped their price target on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Oppenheimer started coverage on shares of Sterling Infrastructure in a research note on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price target for the company. Finally, Zacks Research cut shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sterling Infrastructure currently has a consensus rating of “Moderate Buy” and an average target price of $690.33.

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL opened at $497.41 on Thursday. Sterling Infrastructure, Inc. has a twelve month low of $266.13 and a twelve month high of $1,005.68. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $15.22 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 1.69 and a beta of 1.88. The firm has a 50-day moving average of $653.47 and a two-hundred day moving average of $601.45.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.01 by $0.79. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The company’s revenue for the quarter was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. As a group, analysts expect that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current fiscal year.

About Sterling Infrastructure

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.