Mach 1 Financial Group LLC bought a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,498 shares of the construction company’s stock, valued at approximately $459,000.
Other institutional investors have also made changes to their positions in the company. UMB Bank n.a. grew its stake in shares of Sterling Infrastructure by 27.5% in the 3rd quarter. UMB Bank n.a. now owns 130 shares of the construction company’s stock valued at $44,000 after buying an additional 28 shares in the last quarter. CENTRAL TRUST Co raised its position in Sterling Infrastructure by 7.9% during the fourth quarter. CENTRAL TRUST Co now owns 397 shares of the construction company’s stock valued at $122,000 after acquiring an additional 29 shares in the last quarter. Fifth Third Bancorp raised its position in Sterling Infrastructure by 76.1% during the third quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock valued at $28,000 after acquiring an additional 35 shares in the last quarter. Ballentine Partners LLC lifted its stake in Sterling Infrastructure by 6.9% in the fourth quarter. Ballentine Partners LLC now owns 686 shares of the construction company’s stock valued at $210,000 after acquiring an additional 44 shares during the last quarter. Finally, World Investment Advisors grew its position in Sterling Infrastructure by 5.5% in the fourth quarter. World Investment Advisors now owns 850 shares of the construction company’s stock worth $260,000 after acquiring an additional 44 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on STRL. Cantor Fitzgerald raised their price target on shares of Sterling Infrastructure from $482.00 to $956.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 28th. Argus assumed coverage on Sterling Infrastructure in a research report on Thursday, April 16th. They issued a “buy” rating and a $510.00 price target for the company. DA Davidson upped 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. Finally, Stifel Nicolaus set a $486.00 target price on Sterling Infrastructure and gave the stock a “buy” rating in a report on Wednesday, February 11th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $668.20.
Insider Buying and Selling
In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 50,000 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $144,590,359.01. This represents a 14.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is currently owned by company insiders.
Sterling Infrastructure Stock Performance
Shares of NASDAQ STRL opened at $733.77 on Friday. The company has a market cap of $22.52 billion, a P/E ratio of 65.63, a P/E/G ratio of 2.78 and a beta of 1.64. Sterling Infrastructure, Inc. has a 12 month low of $176.15 and a 12 month high of $893.13. The business’s 50 day moving average is $538.45 and its two-hundred day moving average is $422.50. 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 (NASDAQ:STRL – Get Free Report) last issued its quarterly earnings results 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 the consensus estimate of $603.58 million. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. During the same period in the prior year, the firm earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, equities analysts expect that Sterling Infrastructure, Inc. will post 18.01 EPS for the current year.
Sterling Infrastructure 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.
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