Lisanti Capital Growth LLC Reduces Stock Holdings in Sterling Infrastructure, Inc. $STRL

Lisanti Capital Growth LLC trimmed its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 86.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,490 shares of the construction company’s stock after selling 15,251 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Sterling Infrastructure were worth $2,090,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Engle Capital Management L.P. lifted its holdings in Sterling Infrastructure by 156.5% during the first quarter. Engle Capital Management L.P. now owns 26,500 shares of the construction company’s stock valued at $10,793,000 after purchasing an additional 16,167 shares during the last quarter. Northwestern Mutual Investment Management Company LLC purchased a new position in shares of Sterling Infrastructure in the fourth quarter worth about $2,105,000. Private Advisor Group LLC raised its position in shares of Sterling Infrastructure by 28.2% in the first quarter. Private Advisor Group LLC now owns 7,099 shares of the construction company’s stock valued at $2,891,000 after purchasing an additional 1,561 shares during the period. Ranger Investment Management L.P. bought a new stake in shares of Sterling Infrastructure in the first quarter valued at approximately $21,844,000. Finally, Truist Financial Corp lifted its stake in shares of Sterling Infrastructure by 30.8% during the 4th quarter. Truist Financial Corp now owns 5,005 shares of the construction company’s stock valued at $1,533,000 after buying an additional 1,179 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on STRL shares. 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 objective for the company. Wall Street Zen cut shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Sunday. Cantor Fitzgerald dropped their target price on Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Weiss Ratings lowered Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. Finally, Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $657.00.

Insider Activity at Sterling Infrastructure

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were 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 in the company, valued at $24,985,656. The trade was a 8.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is owned by company insiders.

Sterling Infrastructure Price Performance

STRL stock opened at $534.40 on Thursday. The firm has a 50 day moving average of $688.32 and a 200-day moving average of $596.66. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.19. Sterling Infrastructure, Inc. has a 12 month low of $263.45 and a 12 month high of $1,005.68. The firm has a market capitalization of $16.35 billion, a P/E ratio of 38.53, a price-to-earnings-growth ratio of 1.94 and a beta of 1.88.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, beating the consensus estimate of $5.01 by $0.79. The company 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%. The business’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. As a group, sell-side analysts predict that Sterling Infrastructure, Inc. will post 19.11 earnings per share for the current fiscal year.

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.