Panagora Asset Management Inc. lessened its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL – Free Report) by 6.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 107,438 shares of the construction company’s stock after selling 7,557 shares during the quarter. Panagora Asset Management Inc.’s holdings in Sterling Infrastructure were worth $32,901,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in STRL. Northwestern Mutual Investment Management Company LLC acquired a new stake in shares of Sterling Infrastructure during the 4th quarter valued at approximately $2,105,000. Truist Financial Corp lifted its position in shares of Sterling Infrastructure by 30.8% during the 4th quarter. Truist Financial Corp now owns 5,005 shares of the construction company’s stock valued at $1,533,000 after acquiring an additional 1,179 shares during the period. Telligent Fund LP acquired a new stake in shares of Sterling Infrastructure during the 3rd quarter valued at approximately $1,019,000. Harbor Capital Advisors Inc. lifted its position in shares of Sterling Infrastructure by 6,893.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 3,287 shares of the construction company’s stock valued at $1,007,000 after acquiring an additional 3,240 shares during the period. Finally, Allworth Financial LP lifted its position in shares of Sterling Infrastructure by 1,307.9% during 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 period. Hedge funds and other 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 company’s 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 owned 290,593 shares of the company’s stock, valued at approximately $144,590,359.01. This represents a 14.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.60% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Report on Sterling Infrastructure
Sterling Infrastructure Price Performance
STRL stock opened at $866.67 on Tuesday. Sterling Infrastructure, Inc. has a 1 year low of $205.83 and a 1 year high of $1,005.68. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.10. The stock’s 50 day moving average price is $683.48 and its 200 day moving average price is $480.86. The firm has a market cap of $26.60 billion, a P/E ratio of 77.52, a PEG ratio of 3.14 and a beta of 1.81.
Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last posted its earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) 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 firm had revenue of $825.68 million for the quarter, compared to analyst estimates of $603.58 million. During the same quarter in the prior year, the company earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, sell-side analysts expect that Sterling Infrastructure, Inc. will post 18.26 earnings per share for the current fiscal year.
Sterling Infrastructure 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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