Hsbc Holdings PLC raised its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL – Free Report) by 315.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,162 shares of the construction company’s stock after purchasing an additional 4,679 shares during the period. Hsbc Holdings PLC’s holdings in Sterling Infrastructure were worth $1,904,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kemnay Advisory Services Inc. purchased a new position in Sterling Infrastructure during the 4th quarter valued at about $31,000. EverSource Wealth Advisors LLC grew its holdings in Sterling Infrastructure by 33.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock worth $33,000 after purchasing an additional 27 shares during the period. Rakuten Securities Inc. lifted its holdings in shares of Sterling Infrastructure by 6,950.0% during the second quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock valued at $33,000 after purchasing an additional 139 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Sterling Infrastructure by 316.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 104 shares of the construction company’s stock worth $35,000 after purchasing an additional 79 shares in the last quarter. Finally, USA Financial Formulas purchased a new position in Sterling Infrastructure during the fourth quarter valued at $40,000. 80.95% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have commented on STRL. Zacks Research raised Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, June 1st. Oppenheimer began coverage on Sterling Infrastructure in a research report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price target for the company. Cantor Fitzgerald reiterated an “overweight” rating on shares of Sterling Infrastructure in a research note on Thursday, June 18th. Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Finally, KeyCorp upped their target price on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. According to data from MarketBeat, Sterling Infrastructure presently has an average rating of “Buy” and an average target price of $720.67.
Sterling Infrastructure Stock Performance
NASDAQ STRL traded down $24.88 during trading hours on Friday, hitting $682.29. The company’s stock had a trading volume of 408,235 shares, compared to its average volume of 840,322. Sterling Infrastructure, Inc. has a 12 month low of $230.00 and a 12 month high of $1,005.68. The company’s 50 day simple moving average is $811.80 and its two-hundred day simple moving average is $542.18. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market cap of $20.94 billion, a P/E ratio of 61.03, a price-to-earnings-growth ratio of 2.48 and a beta of 1.83.
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 the consensus estimate of $2.29 by $1.30. The business had revenue of $825.67 million for the quarter, compared to analysts’ expectations of $603.58 million. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. During the same quarter in the prior year, the business earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, sell-side analysts expect that Sterling Infrastructure, Inc. will post 18.35 EPS for the current fiscal year.
Insider Buying and Selling
In related news, CEO Joseph A. Cutillo sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The shares were 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 in the company, valued at approximately $144,590,359.01. This trade represents a 14.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Mark D. Wolf sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the completion of the sale, the general counsel owned 28,137 shares in the company, valued at $24,985,656. This represents a 8.16% decrease in their position. The SEC filing for this sale provides additional information. 1.60% of the stock is owned by corporate insiders.
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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