First Trust Advisors LP Increases Stake in Sterling Infrastructure, Inc. $STRL

First Trust Advisors LP increased its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 27.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 877,990 shares of the construction company’s stock after acquiring an additional 188,048 shares during the period. First Trust Advisors LP’s holdings in Sterling Infrastructure were worth $357,579,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Northwestern Mutual Investment Management Company LLC bought a new position in shares of Sterling Infrastructure in the 4th quarter worth approximately $2,105,000. Truist Financial Corp lifted its stake in shares of Sterling Infrastructure by 30.8% in the 4th quarter. Truist Financial Corp now owns 5,005 shares of the construction company’s stock valued at $1,533,000 after purchasing an additional 1,179 shares during the period. Private Advisor Group LLC boosted its position in shares of Sterling Infrastructure by 28.2% during the first quarter. Private Advisor Group LLC now owns 7,099 shares of the construction company’s stock valued at $2,891,000 after purchasing an additional 1,561 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of Sterling Infrastructure during the first quarter valued at approximately $4,704,000. Finally, Diversify Wealth Management LLC grew its stake in Sterling Infrastructure by 45.1% in the first quarter. Diversify Wealth Management LLC now owns 12,156 shares of the construction company’s stock worth $4,951,000 after purchasing an additional 3,779 shares during the period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, General Counsel Mark D. Wolf sold 2,500 shares of Sterling Infrastructure stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $888.00, for a total value of $2,220,000.00. Following the completion of the transaction, the general counsel owned 28,137 shares of the company’s stock, valued at $24,985,656. The trade was a 8.16% decrease in their position. 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 the company’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following the completion of the transaction, the chief executive officer owned 290,593 shares in the company, valued at approximately $144,590,359.01. The trade was a 14.68% decrease in their position. 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 insiders.

Sterling Infrastructure Stock Up 6.8%

STRL stock opened at $694.40 on Wednesday. The business has a 50 day moving average of $792.78 and a 200 day moving average of $561.03. The firm has a market cap of $21.31 billion, a PE ratio of 62.11, a price-to-earnings-growth ratio of 2.36 and a beta of 1.83. Sterling Infrastructure, Inc. has a twelve month low of $230.00 and a twelve month high of $1,005.68. 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 (NASDAQ:STRL) last released its earnings results on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, topping 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 the consensus estimate of $603.58 million. During the same period in the previous year, the company posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, research analysts forecast that Sterling Infrastructure, Inc. will post 18.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Weiss Ratings upgraded Sterling Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. Cantor Fitzgerald restated an “overweight” rating on shares of Sterling Infrastructure in a report on Thursday, June 18th. Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 1st. Oppenheimer initiated 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. Finally, Argus assumed coverage on shares of Sterling Infrastructure in a research note on Thursday, April 16th. They set a “buy” rating and a $510.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $720.67.

Sterling Infrastructure Company 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.