Money Concepts Capital Corp Lowers Holdings in Sterling Infrastructure, Inc. $STRL

Money Concepts Capital Corp reduced its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 62.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 517 shares of the construction company’s stock after selling 878 shares during the quarter. Money Concepts Capital Corp’s holdings in Sterling Infrastructure were worth $211,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of STRL. Empowered Funds LLC acquired a new position in shares of Sterling Infrastructure during the first quarter worth about $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Sterling Infrastructure by 12.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company’s stock valued at $9,508,000 after purchasing an additional 9,625 shares during the period. Focus Partners Wealth lifted its position in Sterling Infrastructure by 13.7% in the first quarter. Focus Partners Wealth now owns 2,313 shares of the construction company’s stock valued at $262,000 after purchasing an additional 279 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Sterling Infrastructure in the 2nd quarter valued at approximately $5,929,000. Finally, Cerity Partners LLC boosted its holdings in Sterling Infrastructure by 195.7% in the 2nd quarter. Cerity Partners LLC now owns 19,522 shares of the construction company’s stock valued at $4,504,000 after purchasing an additional 12,921 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on STRL. Argus assumed coverage on Sterling Infrastructure in a research note on Thursday, April 16th. They set a “buy” rating and a $510.00 target price for the company. Wall Street Zen lowered Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Zacks Research upgraded Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 1st. Weiss Ratings raised Sterling Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. Finally, KeyCorp boosted their target price on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $720.67.

Sterling Infrastructure Trading Down 3.3%

NASDAQ:STRL opened at $660.04 on Tuesday. The company has a market capitalization of $20.26 billion, a PE ratio of 59.04, a price-to-earnings-growth ratio of 2.48 and a beta of 1.83. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. Sterling Infrastructure, Inc. has a 52-week low of $230.00 and a 52-week high of $1,005.68. The stock has a fifty day simple moving average of $814.68 and a 200-day simple moving average of $546.22.

Sterling Infrastructure (NASDAQ:STRL) last issued 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. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. The firm had revenue of $825.67 million for the quarter, compared to analysts’ expectations of $603.58 million. During the same period in the prior year, the company earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, equities research analysts expect that Sterling Infrastructure, Inc. will post 18.35 earnings per share for the current fiscal year.

Insider Activity at Sterling Infrastructure

In other news, 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 value of $2,220,000.00. Following the sale, the general counsel directly owned 28,137 shares in the company, valued at $24,985,656. This represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph A. Cutillo sold 50,000 shares of Sterling Infrastructure stock in a transaction that occurred on Thursday, April 23rd. The stock was 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 of the company’s stock, valued at $144,590,359.01. This represents a 14.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is owned by corporate insiders.

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.