BNP Paribas Financial Markets Has $23.08 Million Stake in Sterling Infrastructure, Inc. $STRL

BNP Paribas Financial Markets boosted its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 841.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,370 shares of the construction company’s stock after purchasing an additional 67,365 shares during the quarter. BNP Paribas Financial Markets’ holdings in Sterling Infrastructure were worth $23,081,000 at the end of the most recent quarter.

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

Sterling Infrastructure Stock Down 11.2%

Shares of NASDAQ:STRL opened at $882.43 on Friday. The firm has a market cap of $27.08 billion, a P/E ratio of 78.93, a P/E/G ratio of 3.68 and a beta of 1.82. 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, Inc. has a 12-month low of $191.00 and a 12-month high of $1,005.68. The business has a fifty day simple moving average of $631.38 and a 200 day simple moving average of $458.18.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results 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 business 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 period last year, the company earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Analysts predict that Sterling Infrastructure, Inc. will post 18.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on STRL shares. Cantor Fitzgerald lifted their target price on Sterling Infrastructure from $482.00 to $956.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Weiss Ratings lowered Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Wall Street Zen lowered Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 31st. KeyCorp lifted their target price on Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Argus started coverage on Sterling Infrastructure in a research report on Thursday, April 16th. They issued a “buy” rating and a $510.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat.com, Sterling Infrastructure has a consensus rating of “Buy” and an average target price of $720.67.

Insiders Place Their Bets

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the firm’s stock in a transaction dated 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 directly owned 290,593 shares in the company, valued at $144,590,359.01. This trade represents a 14.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.60% of the company’s stock.

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.