Algebris UK Ltd. Boosts Stake in Sterling Infrastructure, Inc. $STRL

Algebris UK Ltd. increased its position in Sterling Infrastructure, Inc. (NASDAQ:STRLFree Report) by 107.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,981 shares of the construction company’s stock after purchasing an additional 1,025 shares during the period. Algebris UK Ltd.’s holdings in Sterling Infrastructure were worth $607,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in STRL. Northwestern Mutual Investment Management Company LLC purchased a new stake in Sterling Infrastructure during the fourth quarter valued at $2,105,000. Telligent Fund LP purchased a new stake in Sterling Infrastructure during the third quarter valued at $1,019,000. Truist Financial Corp raised its stake in Sterling Infrastructure by 30.8% during the fourth quarter. Truist Financial Corp now owns 5,005 shares of the construction company’s stock valued at $1,533,000 after purchasing an additional 1,179 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in Sterling Infrastructure by 6,893.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 3,287 shares of the construction company’s stock valued at $1,007,000 after purchasing an additional 3,240 shares in the last quarter. Finally, Allworth Financial LP raised its stake in Sterling Infrastructure by 1,307.9% during the third quarter. Allworth Financial LP now owns 7,631 shares of the construction company’s stock valued at $2,592,000 after purchasing an additional 7,089 shares in the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on STRL shares. DA Davidson upped their price target on shares of 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 upped their price objective on Sterling Infrastructure from $482.00 to $956.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Wall Street Zen downgraded Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 28th. Argus initiated coverage on Sterling Infrastructure in a research report on Thursday, April 16th. They set a “buy” rating and a $510.00 price objective on the stock. Finally, Zacks Research downgraded Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Sterling Infrastructure presently has a consensus rating of “Moderate Buy” and a consensus price target of $668.20.

View Our Latest Research Report on STRL

Insider Buying and Selling at Sterling Infrastructure

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the 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 sale, the chief executive officer directly owned 290,593 shares in the company, valued at approximately $144,590,359.01. This represents a 14.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.60% of the company’s stock.

Sterling Infrastructure Trading Up 3.3%

Shares of STRL opened at $752.00 on Thursday. Sterling Infrastructure, Inc. has a twelve month low of $176.15 and a twelve month high of $893.13. The company has a market cap of $23.08 billion, a P/E ratio of 67.26, a P/E/G ratio of 2.70 and a beta of 1.64. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. The company’s fifty day simple moving average is $532.01 and its 200-day simple moving average is $419.99.

Sterling Infrastructure (NASDAQ:STRLGet Free Report) last issued its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $603.58 million. During the same period in the prior year, the business posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, analysts expect that Sterling Infrastructure, Inc. will post 18.01 EPS for the current year.

About Sterling Infrastructure

(Free Report)

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.

Recommended Stories

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:STRLFree Report).

Institutional Ownership by Quarter for Sterling Infrastructure (NASDAQ:STRL)

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.