Van Hulzen Asset Management LLC Lowers Stake in Sterling Infrastructure, Inc. $STRL

Van Hulzen Asset Management LLC lowered its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 57.6% in the second quarter, Holdings Channel reports. The institutional investor owned 1,937 shares of the construction company’s stock after selling 2,628 shares during the period. Van Hulzen Asset Management LLC’s holdings in Sterling Infrastructure were worth $1,626,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. California State Teachers Retirement System raised its position in shares of Sterling Infrastructure by 81,481.8% in the 2nd quarter. California State Teachers Retirement System now owns 29,173,636 shares of the construction company’s stock worth $24,487,183,000 after acquiring an additional 29,137,876 shares in the last quarter. BlackRock Inc. bought a new stake in Sterling Infrastructure during the second quarter valued at about $2,713,946,000. State Street Corp grew its stake in 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 purchasing an additional 433,311 shares during the last quarter. Invesco Ltd. grew its stake in 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 purchasing an additional 219,477 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in Sterling Infrastructure by 27.3% in the first quarter. First Trust Advisors LP now owns 877,990 shares of the construction company’s stock worth $357,579,000 after purchasing an additional 188,048 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on STRL shares. DA Davidson started coverage on shares of Sterling Infrastructure in a research report on Friday, August 21st. They set a “buy” rating and a $700.00 price target for the company. Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. KeyCorp reduced their price objective 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 cut shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Finally, Cantor Fitzgerald lowered their target price on shares of Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Sterling Infrastructure has a consensus rating of “Moderate Buy” and a consensus price target of $690.33.

Sterling Infrastructure Price Performance

Shares of STRL stock opened at $495.15 on Thursday. Sterling Infrastructure, Inc. has a fifty-two week low of $281.58 and a fifty-two week high of $1,005.68. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $15.15 billion, a price-to-earnings ratio of 35.70, a PEG ratio of 1.75 and a beta of 1.85. The stock’s 50-day simple moving average is $578.64 and its 200-day simple moving average is $605.44.

Sterling Infrastructure (NASDAQ:STRL) last announced 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 firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. Sterling Infrastructure’s revenue was up 90.4% compared to the same quarter last year. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. As a group, equities analysts forecast that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current fiscal year.

Insider Transactions at Sterling Infrastructure

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

About Sterling Infrastructure

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.