TD Private Client Wealth LLC lowered its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL – Free Report) by 44.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,028 shares of the construction company’s stock after selling 823 shares during the period. TD Private Client Wealth LLC’s holdings in Sterling Infrastructure were worth $315,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC bought a new stake in Sterling Infrastructure during the fourth quarter worth about $2,105,000. Truist Financial Corp lifted 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 worth $1,533,000 after purchasing an additional 1,179 shares during the last quarter. Telligent Fund LP bought a new stake in Sterling Infrastructure during the third quarter worth about $1,019,000. Harbor Capital Advisors Inc. lifted 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 worth $1,007,000 after purchasing an additional 3,240 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Sterling Infrastructure by 1,307.9% in the 3rd quarter. Allworth Financial LP now owns 7,631 shares of the construction company’s stock valued at $2,592,000 after acquiring an additional 7,089 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.
Insider Transactions at Sterling Infrastructure
In related news, CEO Joseph A. Cutillo sold 50,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer owned 290,593 shares in the company, valued at $144,590,359.01. The trade was a 14.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
View Our Latest Research Report on STRL
Sterling Infrastructure Trading Down 0.1%
NASDAQ STRL opened at $732.94 on Friday. Sterling Infrastructure, Inc. has a 1-year low of $179.46 and a 1-year high of $893.13. 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 stock has a 50-day moving average of $544.70 and a 200-day moving average of $424.67. The firm has a market cap of $22.49 billion, a PE ratio of 65.56, a price-to-earnings-growth ratio of 2.72 and a beta of 1.64.
Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last released its 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 company had revenue of $825.68 million during the quarter, compared to analyst estimates of $603.58 million. During the same quarter in the previous year, the company posted $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, sell-side analysts forecast that Sterling Infrastructure, Inc. will post 18.01 EPS for the current year.
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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