WNY Asset Management LLC Purchases New Shares in Sterling Infrastructure, Inc. $STRL

WNY Asset Management LLC purchased a new position in Sterling Infrastructure, Inc. (NASDAQ:STRLFree Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,526 shares of the construction company’s stock, valued at approximately $621,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Cedar Mountain Advisors LLC lifted its position in Sterling Infrastructure by 8,000.0% during the first quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock valued at $33,000 after buying an additional 80 shares during the period. NFSG Corp boosted its holdings in shares of Sterling Infrastructure by 578.6% during the 1st quarter. NFSG Corp now owns 95 shares of the construction company’s stock valued at $39,000 after buying an additional 81 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of Sterling Infrastructure during the 4th quarter valued at $31,000. Signature Equity Partners LLC grew its position in shares of Sterling Infrastructure by 19.5% in the 1st quarter. Signature Equity Partners LLC now owns 104 shares of the construction company’s stock worth $42,000 after buying an additional 17 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew 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 buying an additional 79 shares during the period. Institutional investors own 80.95% of the company’s stock.

Insider Activity

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total value of $2,220,000.00. Following the transaction, the general counsel owned 28,137 shares in the company, valued at approximately $24,985,656. This represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Oppenheimer started coverage on shares of Sterling Infrastructure in a research report on Thursday, May 28th. They set an “outperform” rating and a $950.00 price target for the company. Argus began coverage on shares of Sterling Infrastructure in a report on Thursday, April 16th. They issued a “buy” rating and a $510.00 price objective on the stock. Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Sterling Infrastructure in a report on Thursday, June 18th. Finally, Weiss Ratings cut Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to MarketBeat.com, Sterling Infrastructure currently has a consensus rating of “Buy” and an average price target of $720.67.

Check Out Our Latest Analysis on STRL

Sterling Infrastructure Price Performance

STRL opened at $596.77 on Friday. The firm has a market cap of $18.31 billion, a PE ratio of 53.38, a P/E/G ratio of 2.18 and a beta of 1.83. The stock has a 50-day moving average price of $765.43 and a 200-day moving average price of $576.37. Sterling Infrastructure, Inc. has a 1 year low of $244.02 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:STRLGet 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 18.24 earnings per share for the current fiscal year.

Sterling Infrastructure Profile

(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.

See Also

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

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