Harbour Investments Inc. lessened its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL – Free Report) by 31.6% during the fourth quarter, Holdings Channel reports. The fund owned 9,897 shares of the construction company’s stock after selling 4,579 shares during the period. Harbour Investments Inc.’s holdings in Sterling Infrastructure were worth $3,031,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the business. Clearstead Advisors LLC raised its stake in Sterling Infrastructure by 45.1% in the 4th quarter. Clearstead Advisors LLC now owns 251 shares of the construction company’s stock valued at $77,000 after acquiring an additional 78 shares during the period. Hantz Financial Services Inc. raised its stake in Sterling Infrastructure by 64.9% in the 4th quarter. Hantz Financial Services Inc. now owns 625 shares of the construction company’s stock valued at $191,000 after acquiring an additional 246 shares during the period. Jefferies Financial Group Inc. bought a new stake in Sterling Infrastructure in the 4th quarter valued at $652,000. EverSource Wealth Advisors LLC raised its stake in Sterling Infrastructure by 33.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock valued at $33,000 after acquiring an additional 27 shares during the period. Finally, Kingdom Financial Group LLC. bought a new stake in Sterling Infrastructure in the 4th quarter valued at $551,000. Institutional investors own 80.95% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on STRL shares. Stifel Nicolaus set a $486.00 price target on Sterling Infrastructure and gave the company a “buy” rating in a research note on Wednesday, February 11th. DA Davidson increased their price target on Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Cantor Fitzgerald increased their price objective on Sterling Infrastructure from $482.00 to $956.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. KeyCorp increased their price objective on Sterling Infrastructure from $572.00 to $889.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen upgraded shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $668.20.
Sterling Infrastructure Stock Down 0.2%
Shares of NASDAQ STRL opened at $782.12 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.10. Sterling Infrastructure, Inc. has a 52 week low of $183.40 and a 52 week high of $893.13. The stock has a market capitalization of $24.00 billion, a P/E ratio of 69.96, a PEG ratio of 2.90 and a beta of 1.64. The stock’s fifty day moving average is $566.26 and its 200 day moving average is $432.75.
Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $1.30. The company had revenue of $825.68 million for the quarter, compared to analysts’ expectations 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 earned $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Sell-side analysts forecast that Sterling Infrastructure, Inc. will post 18.01 earnings per share 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 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is owned by company insiders.
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.
Further Reading
- Five stocks we like better than Sterling Infrastructure
- Abercrombie Rallies as Strong Q1 Earnings Extend Winning Streak
- TeraWulf Bets on Power Infrastructure to Lead AI Build-Out
- Amazon’s Alexa for Shopping Strengthens an Already Strong Bull Case
- Keysight: The AI and Defense Stock Seeing Big Price Target Boosts
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.
