Mirae Asset Global Investments Co. Ltd. Invests $2.16 Million in Sterling Infrastructure, Inc. $STRL

Mirae Asset Global Investments Co. Ltd. purchased a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,040 shares of the construction company’s stock, valued at approximately $2,156,000.

Other hedge funds have also recently made changes to their positions in the company. Telligent Fund LP bought a new position in shares of Sterling Infrastructure in the third quarter worth about $1,019,000. VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in shares of Sterling Infrastructure by 76.4% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 10,393 shares of the construction company’s stock worth $3,530,000 after purchasing an additional 4,500 shares during the last quarter. Emerald Advisers LLC grew its holdings in shares of Sterling Infrastructure by 50.3% in the third quarter. Emerald Advisers LLC now owns 82,582 shares of the construction company’s stock worth $28,051,000 after purchasing an additional 27,627 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Sterling Infrastructure by 1,307.9% in the third quarter. Allworth Financial LP now owns 7,631 shares of the construction company’s stock worth $2,592,000 after purchasing an additional 7,089 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Sterling Infrastructure by 6,893.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 3,287 shares of the construction company’s stock worth $1,007,000 after purchasing an additional 3,240 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $453.48, for a total transaction of $22,674,000.00. Following the sale, the chief executive officer owned 340,593 shares of the company’s stock, valued at approximately $154,452,113.64. The trade was a 12.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dana C. O’brien sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $410.00, for a total transaction of $820,000.00. Following the sale, the director directly owned 11,498 shares in the company, valued at approximately $4,714,180. This represents a 14.82% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 54,000 shares of company stock worth $24,284,000. 1.60% of the stock is owned by insiders.

Sterling Infrastructure Stock Up 1.6%

NASDAQ:STRL opened at $495.67 on Friday. The company has a market cap of $15.21 billion, a PE ratio of 52.90, a P/E/G ratio of 2.51 and a beta of 1.51. Sterling Infrastructure, Inc. has a twelve month low of $139.20 and a twelve month high of $504.05. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.25. The company’s 50 day moving average is $429.45 and its two-hundred day moving average is $376.14.

Sterling Infrastructure (NASDAQ:STRL) last released its earnings results on Wednesday, February 25th. The construction company reported $3.08 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.45. The company had revenue of $755.61 million for the quarter, compared to the consensus estimate of $639.41 million. Sterling Infrastructure had a net margin of 11.65% and a return on equity of 32.82%. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. Analysts anticipate that Sterling Infrastructure, Inc. will post 12.95 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. DA Davidson increased their target price on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Wall Street Zen cut shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 28th. Argus assumed coverage on shares of Sterling Infrastructure in a report on Thursday, April 16th. They set a “buy” rating and a $510.00 target price on the stock. Stifel Nicolaus set a $486.00 target price on shares of Sterling Infrastructure and gave the stock a “buy” rating in a report on Wednesday, February 11th. Finally, Cantor Fitzgerald increased their target price on shares of Sterling Infrastructure from $413.00 to $482.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to MarketBeat, Sterling Infrastructure currently has an average rating of “Buy” and an average price target of $510.00.

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.