Oregon Public Employees Retirement Fund Has $1.87 Million Stake in Sterling Infrastructure, Inc. $STRL

Oregon Public Employees Retirement Fund reduced its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,114 shares of the construction company’s stock after selling 755 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Sterling Infrastructure were worth $1,872,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. State Street Corp lifted its stake in shares of Sterling Infrastructure by 62.0% in the 2nd quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock valued at $261,129,000 after purchasing an additional 433,311 shares during the period. American Century Companies Inc. boosted its position in shares of Sterling Infrastructure by 84.6% during the 3rd quarter. American Century Companies Inc. now owns 654,096 shares of the construction company’s stock valued at $222,184,000 after purchasing an additional 299,724 shares in the last quarter. First Trust Advisors LP grew its stake in Sterling Infrastructure by 83.5% during the third quarter. First Trust Advisors LP now owns 606,236 shares of the construction company’s stock worth $205,926,000 after purchasing an additional 275,830 shares during the period. Invesco Ltd. increased its holdings in Sterling Infrastructure by 29.8% in the third 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. Finally, Capital Research Global Investors increased its holdings in Sterling Infrastructure by 104.1% in the third quarter. Capital Research Global Investors now owns 364,830 shares of the construction company’s stock worth $123,925,000 after purchasing an additional 186,122 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Joseph A. Cutillo sold 50,000 shares of Sterling Infrastructure stock in a transaction 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 completion of the sale, the chief executive officer owned 290,593 shares of the company’s stock, valued at approximately $144,590,359.01. This trade represents a 14.68% decrease in their position. The transaction 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. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on STRL. Stifel Nicolaus set a $486.00 price target on Sterling Infrastructure and gave the company a “buy” rating in a research note on Wednesday, February 11th. Cantor Fitzgerald lifted their price objective on shares of Sterling Infrastructure from $482.00 to $956.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Zacks Research downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Weiss Ratings lowered shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Finally, Argus assumed coverage on shares of Sterling Infrastructure in a report on Thursday, April 16th. They issued a “buy” rating and a $510.00 price target for the company. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Sterling Infrastructure presently has a consensus rating of “Moderate Buy” and an average target price of $668.20.

Sterling Infrastructure Stock Down 4.5%

STRL stock opened at $848.84 on Friday. The stock’s 50 day simple moving average is $511.09 and its 200 day simple moving average is $412.07. Sterling Infrastructure, Inc. has a fifty-two week low of $176.15 and a fifty-two week high of $893.13. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market cap of $26.05 billion, a P/E ratio of 75.92, a price-to-earnings-growth ratio of 3.14 and a beta of 1.64.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $1.30. The firm had revenue of $825.68 million during the quarter, compared to analysts’ expectations of $603.58 million. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.During the same quarter last year, the firm posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, research analysts expect that Sterling Infrastructure, Inc. will post 18.01 earnings per share for the current fiscal year.

Sterling Infrastructure 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.