Guardian Wealth Management Inc. cut its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL – Free Report) by 69.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,048 shares of the construction company’s stock after selling 23,266 shares during the period. Sterling Infrastructure makes up 4.1% of Guardian Wealth Management Inc.’s portfolio, making the stock its 3rd largest holding. Guardian Wealth Management Inc.’s holdings in Sterling Infrastructure were worth $8,434,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of STRL. Empowered Funds LLC bought a new stake in shares of Sterling Infrastructure in the first quarter valued at about $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Sterling Infrastructure by 12.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company’s stock valued at $9,508,000 after acquiring an additional 9,625 shares during the period. Focus Partners Wealth raised its position in Sterling Infrastructure by 13.7% during the 1st quarter. Focus Partners Wealth now owns 2,313 shares of the construction company’s stock worth $262,000 after buying an additional 279 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Sterling Infrastructure during the 2nd quarter valued at about $5,929,000. Finally, Cerity Partners LLC increased its holdings in shares of Sterling Infrastructure by 195.7% during the 2nd quarter. Cerity Partners LLC now owns 19,522 shares of the construction company’s stock valued at $4,504,000 after purchasing an additional 12,921 shares in the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
STRL has been the topic of several research reports. KeyCorp decreased their target price on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Oppenheimer began coverage on Sterling Infrastructure in a report on Thursday, May 28th. They set an “outperform” rating and a $950.00 price target on the stock. Zacks Research lowered Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Cantor Fitzgerald dropped their target price on shares of Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Finally, DA Davidson started coverage on Sterling Infrastructure in a research note on Friday, August 21st. They set a “buy” rating and a $700.00 target price for the company. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Sterling Infrastructure has a consensus rating of “Moderate Buy” and a consensus price target of $690.33.
Sterling Infrastructure Stock Up 5.8%
STRL stock opened at $486.49 on Friday. The company’s 50 day moving average is $597.56 and its two-hundred day moving average is $602.61. Sterling Infrastructure, Inc. has a twelve month low of $270.00 and a twelve month high of $1,005.68. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.19. The stock has a market cap of $14.88 billion, a P/E ratio of 35.08, a PEG ratio of 1.69 and a beta of 1.85.
Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last posted its earnings results on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $5.01 by $0.79. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $969.22 million. The firm’s revenue for the quarter was up 90.4% compared to the same quarter last year. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. Research analysts expect that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current fiscal year.
Insider Transactions at Sterling Infrastructure
In other Sterling Infrastructure news, General Counsel Mark Wolf sold 2,500 shares of the firm’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the transaction, the general counsel directly owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. This trade represents a 8.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.60% of the company’s stock.
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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