Cookson Peirce & Co. Inc. Decreases Stock Holdings in Sterling Infrastructure, Inc. $STRL

Cookson Peirce & Co. Inc. trimmed its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 1.4% during the fourth quarter, HoldingsChannel reports. The firm owned 82,221 shares of the construction company’s stock after selling 1,149 shares during the period. Sterling Infrastructure comprises about 1.0% of Cookson Peirce & Co. Inc.’s investment portfolio, making the stock its 28th biggest holding. Cookson Peirce & Co. Inc.’s holdings in Sterling Infrastructure were worth $25,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp lifted its stake in Sterling Infrastructure by 76.1% in the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock worth $28,000 after purchasing an additional 35 shares in the last quarter. Optiver Holding B.V. lifted its stake in Sterling Infrastructure by 108.2% in the 3rd quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock worth $35,000 after purchasing an additional 53 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Sterling Infrastructure by 316.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 104 shares of the construction company’s stock worth $35,000 after purchasing an additional 79 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Sterling Infrastructure by 33.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock worth $33,000 after purchasing an additional 27 shares in the last quarter. Finally, USA Financial Formulas purchased a new position in Sterling Infrastructure in the 4th quarter worth approximately $40,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Joseph A. Cutillo sold 50,000 shares of Sterling Infrastructure stock in a transaction that occurred on Thursday, April 23rd. The shares were 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 owned 290,593 shares in the company, valued at approximately $144,590,359.01. This trade represents a 14.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.60% of the company’s stock.

Sterling Infrastructure Stock Down 11.2%

STRL stock opened at $882.43 on Friday. The firm has a market cap of $27.08 billion, a PE ratio of 78.93, a PEG ratio of 3.26 and a beta of 1.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.10. The firm’s 50 day moving average price is $631.38 and its 200-day moving average price is $458.18. Sterling Infrastructure, Inc. has a one year low of $191.00 and a one year high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, beating the consensus estimate of $2.29 by $1.30. The firm had revenue of $825.68 million for the quarter, compared to analyst estimates of $603.58 million. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. During the same quarter in the previous year, the company earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, equities research analysts anticipate that Sterling Infrastructure, Inc. will post 18.03 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on STRL shares. DA Davidson lifted their price target on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Oppenheimer started coverage on shares of Sterling Infrastructure in a research report on Thursday, May 28th. They set an “outperform” rating and a $950.00 price target on the stock. Argus started coverage on shares of Sterling Infrastructure in a research report on Thursday, April 16th. They set a “buy” rating and a $510.00 price target on the stock. Stifel Nicolaus set a $486.00 price target on shares of Sterling Infrastructure and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. Based on data from MarketBeat, Sterling Infrastructure currently has an average rating of “Buy” and a consensus price target of $720.67.

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.