Capital Research Global Investors Lowers Position in Sterling Infrastructure, Inc. $STRL

Capital Research Global Investors decreased its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 364,067 shares of the construction company’s stock after selling 763 shares during the period. Capital Research Global Investors’ holdings in Sterling Infrastructure were worth $111,488,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake 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 buying an additional 27 shares during the period. CENTRAL TRUST Co raised its position in shares of Sterling Infrastructure by 7.9% in the 4th quarter. CENTRAL TRUST Co now owns 397 shares of the construction company’s stock worth $122,000 after buying an additional 29 shares during the period. Lido Advisors LLC raised its position in shares of Sterling Infrastructure by 1.8% in the 4th quarter. Lido Advisors LLC now owns 1,725 shares of the construction company’s stock worth $578,000 after buying an additional 31 shares during the period. Fifth Third Bancorp boosted its holdings in Sterling Infrastructure by 76.1% in the third quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock valued at $28,000 after acquiring an additional 35 shares during the last quarter. Finally, Ballentine Partners LLC boosted its holdings in Sterling Infrastructure by 6.9% in the fourth quarter. Ballentine Partners LLC now owns 686 shares of the construction company’s stock valued at $210,000 after acquiring an additional 44 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insider Buying and Selling

In related news, CEO Joseph A. Cutillo sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following the transaction, the chief executive officer directly owned 290,593 shares of the company’s stock, valued at approximately $144,590,359.01. The trade was a 14.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 Up 1.1%

Shares of NASDAQ STRL opened at $891.86 on Tuesday. The stock has a fifty day moving average price of $640.90 and a 200 day moving average price of $462.99. The company has a current ratio of 1.10, a quick 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 company has a market cap of $27.37 billion, a P/E ratio of 79.77, a P/E/G ratio of 3.26 and a beta of 1.82.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $1.30. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.The company had revenue of $825.68 million for the quarter, compared to analysts’ expectations of $603.58 million. During the same quarter in the previous year, the firm posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Research analysts anticipate that Sterling Infrastructure, Inc. will post 18.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on STRL shares. Stifel Nicolaus set a $486.00 price target on Sterling Infrastructure and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Wall Street Zen lowered Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 31st. Cantor Fitzgerald boosted 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. Oppenheimer initiated coverage on shares of Sterling Infrastructure in a research report on Thursday, May 28th. They set an “outperform” rating and a $950.00 target price for the company. Finally, KeyCorp raised their price target on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to data from MarketBeat, Sterling Infrastructure currently has a consensus rating of “Buy” and an average 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.