ProShare Advisors LLC raised its position in Sterling Infrastructure, Inc. (NASDAQ:STRL – Free Report) by 18.6% in the 4th quarter, HoldingsChannel reports. The fund owned 6,687 shares of the construction company’s stock after purchasing an additional 1,051 shares during the period. ProShare Advisors LLC’s holdings in Sterling Infrastructure were worth $2,048,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Sterling Infrastructure by 62.0% in the 2nd quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock valued at $261,129,000 after acquiring an additional 433,311 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Sterling Infrastructure by 29.8% in the 3rd quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock worth $324,526,000 after buying an additional 219,477 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Sterling Infrastructure by 84.6% in the 3rd quarter. American Century Companies Inc. now owns 654,096 shares of the construction company’s stock worth $222,184,000 after buying an additional 299,724 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Sterling Infrastructure by 83.5% in the 3rd quarter. First Trust Advisors LP now owns 606,236 shares of the construction company’s stock worth $205,926,000 after buying an additional 275,830 shares in the last quarter. Finally, UBS Group AG raised its holdings in shares of Sterling Infrastructure by 45.4% in the 3rd quarter. UBS Group AG now owns 483,864 shares of the construction company’s stock worth $164,359,000 after buying an additional 151,146 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.
Analysts Set New Price Targets
STRL has been the subject of a number of recent research reports. 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. Cantor Fitzgerald increased their target price on Sterling Infrastructure from $482.00 to $956.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Wall Street Zen raised Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Saturday. DA Davidson increased their target price on Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Finally, Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Sterling Infrastructure currently has a consensus rating of “Moderate Buy” and a consensus price target of $668.20.
Sterling Infrastructure Stock Performance
STRL stock opened at $732.94 on Monday. The business has a fifty day moving average price of $544.70 and a 200 day moving average price of $424.89. Sterling Infrastructure, Inc. has a fifty-two week low of $179.46 and a fifty-two week high of $893.13. The stock has a market capitalization of $22.49 billion, a price-to-earnings ratio of 65.56, a P/E/G ratio of 2.71 and a beta of 1.64. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 1.10.
Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last released 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. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.The firm had revenue of $825.68 million during the quarter, compared to analysts’ expectations of $603.58 million. During the same period last year, the firm posted $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Analysts expect that Sterling Infrastructure, Inc. will post 18.01 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, CEO Joseph A. Cutillo sold 50,000 shares of the firm’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following the completion of the sale, the chief executive officer directly owned 290,593 shares of the company’s stock, valued at $144,590,359.01. This trade represents a 14.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is owned by corporate insiders.
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.
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