Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL – Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,290 shares of the construction company’s stock, valued at approximately $525,000.
Other institutional investors have also recently made changes to their positions in the company. World Investment Advisors boosted its position in shares of Sterling Infrastructure by 2.4% during the first quarter. World Investment Advisors now owns 870 shares of the construction company’s stock valued at $354,000 after purchasing an additional 20 shares in the last quarter. Ritholtz Wealth Management raised its holdings in Sterling Infrastructure by 3.6% in the first quarter. Ritholtz Wealth Management now owns 686 shares of the construction company’s stock worth $279,000 after purchasing an additional 24 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Sterling Infrastructure by 33.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock valued at $33,000 after buying an additional 27 shares during the period. Root Financial Partners LLC lifted its position in Sterling Infrastructure by 28.0% during the first quarter. Root Financial Partners LLC now owns 128 shares of the construction company’s stock valued at $52,000 after buying an additional 28 shares during the period. Finally, CENTRAL TRUST Co boosted its holdings in shares of Sterling Infrastructure by 7.9% during the 4th quarter. CENTRAL TRUST Co now owns 397 shares of the construction company’s stock valued at $122,000 after buying an additional 29 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.
Analyst Ratings Changes
STRL has been the topic of a number of recent research reports. 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. KeyCorp lifted their price target on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 1st. Oppenheimer initiated coverage on shares of Sterling Infrastructure in a report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price objective on the stock. Finally, Argus started coverage on shares of Sterling Infrastructure in a research note on Thursday, April 16th. They set a “buy” rating and a $510.00 target price for the company. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $720.67.
Insider Activity at Sterling Infrastructure
In other news, CEO Joseph A. Cutillo sold 50,000 shares of the company’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 transaction, the chief executive officer 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 is accessible through this link. 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 stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the sale, the general counsel owned 28,137 shares in the company, valued at approximately $24,985,656. The trade was a 8.16% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.60% of the company’s stock.
Sterling Infrastructure Price Performance
STRL opened at $641.35 on Friday. The firm has a market cap of $19.68 billion, a PE ratio of 57.37, a P/E/G ratio of 2.43 and a beta of 1.83. The stock has a 50-day moving average price of $804.41 and a 200-day moving average price of $553.58. Sterling Infrastructure, Inc. has a 1 year low of $230.00 and a 1 year high of $1,005.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 1.10.
Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last announced its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, beating the consensus estimate of $2.29 by $1.30. The company had revenue of $825.67 million for the quarter, compared to the consensus estimate of $603.58 million. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. During the same period in the prior year, the firm posted $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Sell-side analysts predict that Sterling Infrastructure, Inc. will post 18.35 earnings per share for the current fiscal 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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