4,824 Shares in Sterling Infrastructure, Inc. $STRL Acquired by Clough Capital Partners L P

Clough Capital Partners L P purchased a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 4,824 shares of the construction company’s stock, valued at approximately $1,965,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cedar Mountain Advisors LLC raised its holdings in Sterling Infrastructure by 8,000.0% in the 1st quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock valued at $33,000 after buying an additional 80 shares during the period. NFSG Corp lifted its stake in Sterling Infrastructure by 578.6% during the first quarter. NFSG Corp now owns 95 shares of the construction company’s stock worth $39,000 after purchasing an additional 81 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Sterling Infrastructure in the fourth quarter valued at $31,000. Signature Equity Partners LLC increased its stake 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 purchasing an additional 17 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Sterling Infrastructure by 316.0% during the third 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. 80.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the completion of the transaction, the general counsel directly owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. This represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on STRL. Cantor Fitzgerald restated an “overweight” rating on shares of Sterling Infrastructure in a report on Thursday, June 18th. Argus began coverage on Sterling Infrastructure in a research note on Thursday, April 16th. They set a “buy” rating and a $510.00 price target for the company. KeyCorp lifted their price objective on Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Weiss Ratings upgraded Sterling Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 6th. Finally, Oppenheimer began coverage on shares of Sterling Infrastructure in a report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $720.67.

Sterling Infrastructure Stock Down 0.0%

STRL stock opened at $660.93 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 1.10. Sterling Infrastructure, Inc. has a 1-year low of $244.02 and a 1-year high of $1,005.68. The firm has a fifty day moving average price of $782.89 and a two-hundred day moving average price of $569.10. The firm has a market cap of $20.28 billion, a price-to-earnings ratio of 59.12, a PEG ratio of 2.42 and a beta of 1.83.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $1.30. The business had revenue of $825.67 million during the quarter, compared to the consensus estimate 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 prior year, the firm earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Research analysts predict that Sterling Infrastructure, Inc. will post 18.24 EPS for the current 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.