Equitable Holdings Inc. Buys New Position in Sterling Infrastructure, Inc. $STRL

Posted by Francis Steltz on Aug 28th, 2026

Equitable Holdings Inc. bought a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,971 shares of the construction company’s stock, valued at approximately $5,012,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Devon Energy Corp DE bought a new stake in shares of Sterling Infrastructure during the 2nd quarter worth $548,390,288,000. BlackRock Inc. purchased a new position in Sterling Infrastructure in the second quarter worth $2,713,946,000. State Street Corp increased its stake in 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 during the last quarter. Invesco Ltd. increased its stake in Sterling Infrastructure by 29.8% in the third quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock valued at $324,526,000 after acquiring an additional 219,477 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Sterling Infrastructure by 27.3% during the first quarter. First Trust Advisors LP now owns 877,990 shares of the construction company’s stock valued at $357,579,000 after purchasing an additional 188,048 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analyst Ratings Changes

STRL has been the subject of several research analyst reports. Oppenheimer initiated coverage on Sterling Infrastructure in a research note on Thursday, May 28th. They set an “outperform” rating and a $950.00 price target for the company. Zacks Research lowered Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Cantor Fitzgerald dropped their target price on Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Wall Street Zen raised Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Monday. Finally, KeyCorp reduced their price target on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Sterling Infrastructure has an average rating of “Moderate Buy” and a consensus price target of $690.33.

Read Our Latest Research Report on Sterling Infrastructure

Sterling Infrastructure Stock Performance

Shares of STRL stock opened at $506.37 on Friday. The company has a market capitalization of $15.49 billion, a P/E ratio of 36.51, a PEG ratio of 1.73 and a beta of 1.88. Sterling Infrastructure, Inc. has a fifty-two week low of $266.13 and a fifty-two week high of $1,005.68. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a 50 day moving average price of $646.36 and a two-hundred day moving average price of $602.19.

Sterling Infrastructure (NASDAQ:STRL – Get Free Report) last issued its earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.01 by $0.79. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $969.22 million. The business’s quarterly revenue was up 90.4% compared to the same quarter last year. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. Analysts expect that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current year.

Insiders Place Their Bets

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the stock in a transaction 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 completion of the sale, the general counsel owned 28,137 shares of the company’s stock, valued at $24,985,656. This represents a 8.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.60% of the stock is owned by insiders.

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.