The Manufacturers Life Insurance Company Has $81.79 Million Holdings in Sterling Infrastructure, Inc. $STRL

The Manufacturers Life Insurance Company lifted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 191.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 97,448 shares of the construction company’s stock after acquiring an additional 63,994 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.32% of Sterling Infrastructure worth $81,794,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. California State Teachers Retirement System boosted its holdings in Sterling Infrastructure by 81,481.8% during the second quarter. California State Teachers Retirement System now owns 29,173,636 shares of the construction company’s stock valued at $24,487,183,000 after acquiring an additional 29,137,876 shares during the period. BlackRock Inc. acquired a new position in shares of Sterling Infrastructure during the second quarter valued at about $2,713,946,000. Jupiter Topco LLC acquired a new position in shares of Sterling Infrastructure during the second quarter valued at about $395,056,000. State Street Corp lifted its stake in shares of Sterling Infrastructure by 62.0% in the second quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock valued at $261,129,000 after buying an additional 433,311 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Sterling Infrastructure by 29.8% in the third quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock valued at $324,526,000 after buying an additional 219,477 shares during the period. 80.95% of the stock is owned by institutional investors.

Insider Activity

In related news, General Counsel Mark Wolf sold 2,500 shares of the firm’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 owned 28,137 shares in the company, valued at $24,985,656. This trade represents a 8.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. KeyCorp lowered their price target on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Oppenheimer assumed coverage on Sterling Infrastructure in a research report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price objective for the company. Zacks Research lowered Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Cantor Fitzgerald lowered their price objective 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. Finally, DA Davidson began coverage on Sterling Infrastructure in a research note on Friday, August 21st. They issued a “buy” rating and a $700.00 target price for the company. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $690.33.

Sterling Infrastructure Stock Performance

NASDAQ STRL opened at $511.04 on Friday. Sterling Infrastructure, Inc. has a twelve month low of $281.58 and a twelve month high of $1,005.68. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.19. The stock has a market cap of $15.63 billion, a P/E ratio of 36.85, a PEG ratio of 1.69 and a beta of 1.85. The company’s 50-day simple moving average is $570.53 and its 200 day simple moving average is $605.13.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $5.01 by $0.79. The firm 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 company’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, research analysts forecast that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current fiscal year.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc provides infrastructure, engineering and construction services across the United States. The company serves public and private-sector customers through three primary business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.

Its E-Infrastructure Solutions segment develops and builds large-scale infrastructure for data centers, advanced manufacturing facilities, energy and communications projects, and other complex industrial sites.