M&T Bank Corp purchased a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL – Free Report) in the fourth quarter, Holdings Channel.com reports. The firm purchased 1,100 shares of the construction company’s stock, valued at approximately $337,000.
A number of other institutional investors have also bought and sold shares of the business. D.A. Davidson & CO. increased its stake in Sterling Infrastructure by 3.6% in the 4th quarter. D.A. Davidson & CO. now owns 2,165 shares of the construction company’s stock worth $663,000 after buying an additional 75 shares in the last quarter. Kestra Private Wealth Services LLC increased its stake in Sterling Infrastructure by 20.3% in the 4th quarter. Kestra Private Wealth Services LLC now owns 5,369 shares of the construction company’s stock worth $1,644,000 after buying an additional 905 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in Sterling Infrastructure by 10.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,502 shares of the construction company’s stock worth $1,379,000 after buying an additional 419 shares in the last quarter. State of Michigan Retirement System purchased a new stake in Sterling Infrastructure in the 4th quarter worth $2,235,000. Finally, Elevated Financial Group LLC purchased a new stake in Sterling Infrastructure in the 4th quarter worth $834,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. DA Davidson increased their price target on Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Weiss Ratings upgraded Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. Stifel Nicolaus set a $486.00 price objective on Sterling Infrastructure and gave the company a “buy” rating in a research report on Wednesday, February 11th. Wall Street Zen lowered Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 28th. Finally, KeyCorp raised their price objective on Sterling Infrastructure from $572.00 to $889.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $668.20.
Insider Buying and Selling
In related news, CEO Joseph A. Cutillo sold 50,000 shares of Sterling Infrastructure stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total value of $24,878,500.00. Following the completion of the transaction, the chief executive officer owned 290,593 shares in the company, valued at approximately $144,590,359.01. This trade represents a 14.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.60% of the company’s stock.
Sterling Infrastructure Trading Up 4.1%
Shares of Sterling Infrastructure stock opened at $889.03 on Friday. The firm has a market cap of $27.28 billion, a price-to-earnings ratio of 79.52, a PEG ratio of 3.16 and a beta of 1.64. The business has a 50-day moving average price of $502.52 and a 200-day moving average price of $409.00. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. Sterling Infrastructure, Inc. has a twelve month low of $176.15 and a twelve month high of $893.13.
Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $1.30. The firm had revenue of $825.68 million during the quarter, compared to analyst estimates of $603.58 million. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.During the same quarter last year, the business posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Equities research analysts anticipate that Sterling Infrastructure, Inc. will post 18.01 EPS for the current fiscal year.
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.
Featured Stories
- Five stocks we like better than Sterling Infrastructure
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
- Cisco’s Vertical Rally May Still Be in the Early Innings
- Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now
Want to see what other hedge funds are holding STRL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sterling Infrastructure, Inc. (NASDAQ:STRL – Free Report).
Receive News & Ratings for Sterling Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sterling Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.
