Joseph Cutillo Sells 50,000 Shares of Sterling Infrastructure (NASDAQ:STRL) Stock

Sterling Infrastructure, Inc. (NASDAQ:STRL) CEO Joseph Cutillo sold 50,000 shares of the company’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $453.48, for a total transaction of $22,674,000.00. Following the sale, the chief executive officer owned 340,593 shares of the company’s stock, valued at $154,452,113.64. This represents a 12.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sterling Infrastructure Stock Performance

Shares of STRL opened at $420.24 on Monday. The stock has a market capitalization of $12.89 billion, a P/E ratio of 44.85, a PEG ratio of 2.18 and a beta of 1.48. Sterling Infrastructure, Inc. has a twelve month low of $96.34 and a twelve month high of $477.03. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $406.74 and a two-hundred day simple moving average of $363.46.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Wednesday, February 25th. The construction company reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.45. The firm had revenue of $755.61 million for the quarter, compared to analysts’ expectations of $639.41 million. Sterling Infrastructure had a net margin of 11.65% and a return on equity of 32.82%. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. On average, research analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on STRL. Zacks Research raised Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 4th. Weiss Ratings upgraded Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. DA Davidson boosted their target price on Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Wall Street Zen downgraded Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Stifel Nicolaus set a $486.00 price target on Sterling Infrastructure and gave the stock a “buy” rating in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $489.33.

Institutional Trading of Sterling Infrastructure

Several institutional investors and hedge funds have recently bought and sold shares of STRL. EverSource Wealth Advisors LLC lifted its holdings in shares of Sterling Infrastructure by 33.8% during the fourth 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 in the last quarter. UMB Bank n.a. increased its holdings in Sterling Infrastructure by 27.5% in the 3rd quarter. UMB Bank n.a. now owns 130 shares of the construction company’s stock worth $44,000 after buying an additional 28 shares in the last quarter. CENTRAL TRUST Co increased its holdings in Sterling Infrastructure by 7.9% in the 4th quarter. CENTRAL TRUST Co now owns 397 shares of the construction company’s stock worth $122,000 after buying an additional 29 shares in the last quarter. Lido Advisors LLC raised its position in Sterling Infrastructure by 1.8% in the 4th quarter. Lido Advisors LLC now owns 1,725 shares of the construction company’s stock worth $578,000 after buying an additional 31 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in Sterling Infrastructure by 76.1% in the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock worth $28,000 after buying an additional 35 shares during the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

About Sterling Infrastructure

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.