Geneva Partners LLC Grows Stake in Sterling Infrastructure, Inc. $STRL

Geneva Partners LLC boosted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 10.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,995 shares of the construction company’s stock after purchasing an additional 1,922 shares during the period. Sterling Infrastructure accounts for about 4.5% of Geneva Partners LLC’s investment portfolio, making the stock its 6th biggest holding. Geneva Partners LLC’s holdings in Sterling Infrastructure were worth $16,783,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Sterling Infrastructure during the 2nd quarter worth approximately $2,713,946,000. State Street Corp grew 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 in the last quarter. Invesco Ltd. grew 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 in the last quarter. First Trust Advisors LP increased its holdings in Sterling Infrastructure by 27.3% during the first quarter. First Trust Advisors LP now owns 877,990 shares of the construction company’s stock worth $357,579,000 after buying an additional 188,048 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Sterling Infrastructure during the second quarter worth $144,725,000. 80.95% of the stock is currently owned by institutional investors.

Insider Activity at Sterling Infrastructure

In related news, General Counsel Mark D. Wolf sold 2,500 shares of Sterling Infrastructure stock in a transaction dated 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 sale, the general counsel owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. The trade was a 8.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Zacks Research downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Wall Street Zen cut shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Sunday. KeyCorp cut 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. Oppenheimer started coverage on Sterling Infrastructure in a report on Thursday, May 28th. They set an “outperform” rating and a $950.00 price target for the company. Finally, Cantor Fitzgerald lowered their price target 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. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $657.00.

Sterling Infrastructure Trading Down 3.7%

Shares of Sterling Infrastructure stock opened at $534.40 on Thursday. The business has a fifty day simple moving average of $688.32 and a two-hundred day simple moving average of $596.66. Sterling Infrastructure, Inc. has a 1 year low of $263.45 and a 1 year high of $1,005.68. The company has a market capitalization of $16.35 billion, a price-to-earnings ratio of 38.53, a P/E/G ratio of 1.94 and a beta of 1.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $5.01 by $0.79. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $969.22 million. The firm’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. Research analysts forecast that Sterling Infrastructure, Inc. will post 19.11 EPS for the current year.

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.