Visionary Wealth Advisors Purchases Shares of 1,152 Sterling Infrastructure, Inc. $STRL

Visionary Wealth Advisors purchased a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,152 shares of the construction company’s stock, valued at approximately $967,000.

A number of other hedge funds also recently made changes to their positions in STRL. Wellington Shields & Co. LLC acquired a new position in shares of Sterling Infrastructure in the second quarter worth approximately $29,000. Kemnay Advisory Services Inc. acquired a new stake in Sterling Infrastructure during the 4th quarter valued at approximately $31,000. EverSource Wealth Advisors LLC increased its position in 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 purchasing an additional 27 shares during the period. Cedar Mountain Advisors LLC raised its holdings in Sterling Infrastructure by 8,000.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock worth $33,000 after purchasing an additional 80 shares during the last quarter. Finally, Rakuten Securities Inc. raised its holdings in Sterling Infrastructure by 6,950.0% during the 2nd quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock worth $33,000 after purchasing an additional 139 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Price Performance

Shares of STRL opened at $496.66 on Tuesday. The firm has a market cap of $15.19 billion, a PE ratio of 35.81, a price-to-earnings-growth ratio of 1.80 and a beta of 1.88. Sterling Infrastructure, Inc. has a 52-week low of $266.13 and a 52-week high of $1,005.68. The business’s 50 day moving average price is $667.71 and its two-hundred day moving average price is $599.62. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.11.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.01 by $0.79. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The company’s revenue for the quarter was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. On average, equities analysts anticipate that Sterling Infrastructure, Inc. will post 19.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on STRL. DA Davidson initiated coverage on shares of Sterling Infrastructure in a research report on Friday. They issued a “buy” rating and a $700.00 price target on the stock. Oppenheimer assumed coverage on shares of Sterling Infrastructure in a research report on Thursday, May 28th. They set an “outperform” rating and a $950.00 price objective for the company. KeyCorp lowered their target price on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. Weiss Ratings lowered shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. Finally, Wall Street Zen raised shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Monday. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $690.33.

Insider Transactions at Sterling Infrastructure

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of Sterling Infrastructure stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total value of $2,220,000.00. Following the completion of the sale, the general counsel directly owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. The trade was a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Sterling Infrastructure Company 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.