The Manufacturers Life Insurance Company Trims Stake in Sterling Infrastructure, Inc. $STRL

Posted by Stanley Muller on Aug 3rd, 2026

The Manufacturers Life Insurance Company lessened its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL – Free Report) by 4.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,454 shares of the construction company’s stock after selling 1,413 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.11% of Sterling Infrastructure worth $13,625,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. State Street Corp lifted its position in shares of Sterling Infrastructure by 62.0% in the second quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock valued at $261,129,000 after acquiring an additional 433,311 shares in the last quarter. Invesco Ltd. increased its position in Sterling Infrastructure by 29.8% during the 3rd quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock worth $324,526,000 after purchasing an additional 219,477 shares in the last quarter. First Trust Advisors LP increased its position in Sterling Infrastructure by 27.3% during the 1st quarter. First Trust Advisors LP now owns 877,990 shares of the construction company’s stock worth $357,579,000 after purchasing an additional 188,048 shares in the last quarter. UBS Group AG raised its stake in Sterling Infrastructure by 45.4% in the 3rd quarter. UBS Group AG now owns 483,864 shares of the construction company’s stock valued at $164,359,000 after purchasing an additional 151,146 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Sterling Infrastructure by 123.3% in the 4th quarter. JPMorgan Chase & Co. now owns 262,824 shares of the construction company’s stock valued at $80,485,000 after purchasing an additional 145,100 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

Shares of NASDAQ:STRL opened at $596.77 on Monday. The firm has a market capitalization of $18.31 billion, a PE ratio of 53.38, a P/E/G ratio of 2.18 and a beta of 1.88. 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 business has a 50-day moving average of $765.43 and a two-hundred day moving average of $578.26. Sterling Infrastructure, Inc. has a 12 month low of $244.02 and a 12 month high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last released its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 earnings per share for the quarter, beating the consensus estimate of $2.29 by $1.30. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.The business had revenue of $825.67 million for the quarter, compared to analyst estimates of $603.58 million. During the same period in the previous year, the company posted $1.63 EPS. As a group, research analysts forecast that Sterling Infrastructure, Inc. will post 18.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, June 1st. Argus started coverage on shares of Sterling Infrastructure in a research report on Thursday, April 16th. They issued a “buy” rating and a $510.00 price objective for the company. Cantor Fitzgerald reissued an “overweight” rating on shares of Sterling Infrastructure in a research note on Thursday, June 18th. Weiss Ratings lowered shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Finally, Oppenheimer assumed coverage on Sterling Infrastructure in a research note on Thursday, May 28th. They set an “outperform” rating and a $950.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $720.67.

View Our Latest Report on Sterling Infrastructure

Insider Transactions at Sterling Infrastructure

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the firm’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 trade represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

About Sterling Infrastructure

(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.