NewEdge Advisors LLC Grows Stock Holdings in Sterling Infrastructure, Inc. $STRL

NewEdge Advisors LLC lifted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 258.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,788 shares of the construction company’s stock after purchasing an additional 14,270 shares during the period. NewEdge Advisors LLC’s holdings in Sterling Infrastructure were worth $16,609,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Signature Equity Partners LLC lifted its position in Sterling Infrastructure by 19.5% during the first quarter. Signature Equity Partners LLC now owns 104 shares of the construction company’s stock worth $42,000 after buying an additional 17 shares in the last quarter. World Investment Advisors boosted its stake in Sterling Infrastructure by 2.4% during the first quarter. World Investment Advisors now owns 870 shares of the construction company’s stock worth $354,000 after buying an additional 20 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings in Sterling Infrastructure by 35.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 76 shares of the construction company’s stock valued at $59,000 after buying an additional 20 shares in the last quarter. Ritholtz Wealth Management grew its holdings in Sterling Infrastructure by 3.6% in the 1st quarter. Ritholtz Wealth Management now owns 686 shares of the construction company’s stock valued at $279,000 after buying an additional 24 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Sterling Infrastructure by 43.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company’s stock worth $66,000 after acquiring an additional 24 shares during the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, General Counsel Mark Wolf sold 2,500 shares of Sterling Infrastructure stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total value of $2,220,000.00. Following the completion of the sale, the general counsel owned 28,137 shares in the company, valued at approximately $24,985,656. This trade represents a 8.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on STRL. KeyCorp lowered 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. Cantor Fitzgerald reduced their target price on shares of Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Weiss Ratings lowered shares of Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Oppenheimer assumed coverage on Sterling Infrastructure in a report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price objective on the stock. Finally, DA Davidson began coverage on Sterling Infrastructure in a research report on Friday, August 21st. They issued a “buy” rating and a $700.00 price objective for the company. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $690.33.

Sterling Infrastructure Trading Down 2.1%

NASDAQ STRL opened at $484.86 on Friday. 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 market capitalization of $14.83 billion, a P/E ratio of 34.96, a PEG ratio of 1.72 and a beta of 1.85. The firm’s 50-day moving average is $574.33 and its two-hundred day moving average is $605.79. Sterling Infrastructure, Inc. has a 12 month low of $281.58 and a 12 month high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.01 by $0.79. The business had revenue of $1.17 billion during 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%. Sterling Infrastructure’s quarterly revenue was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. On average, sell-side analysts anticipate that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current year.

About Sterling Infrastructure

Sterling Infrastructure, Inc provides infrastructure, engineering and construction services across the United States. The company serves public and private-sector customers through three primary business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.

Its E-Infrastructure Solutions segment develops and builds large-scale infrastructure for data centers, advanced manufacturing facilities, energy and communications projects, and other complex industrial sites.