Sterling Infrastructure, Inc. $STRL Position Lowered by Granahan Investment Management LLC

Granahan Investment Management LLC trimmed its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 42.0% in the first quarter, Holdings Channel reports. The firm owned 34,332 shares of the construction company’s stock after selling 24,816 shares during the quarter. Granahan Investment Management LLC’s holdings in Sterling Infrastructure were worth $13,982,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caxton Associates LLP acquired a new stake in Sterling Infrastructure during the first quarter valued at approximately $1,059,000. Inceptionr LLC bought a new position in Sterling Infrastructure during the 1st quarter worth approximately $613,000. Greenline Wealth Management LLC grew its position in shares of Sterling Infrastructure by 43.9% in the 1st quarter. Greenline Wealth Management LLC now owns 505 shares of the construction company’s stock worth $206,000 after acquiring an additional 154 shares in the last quarter. Gibbs Wealth Management grew its position in shares of Sterling Infrastructure by 95.7% in the 1st quarter. Gibbs Wealth Management now owns 7,306 shares of the construction company’s stock worth $2,976,000 after acquiring an additional 3,573 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Sterling Infrastructure by 58.9% in the 1st quarter. Sei Investments Co. now owns 59,749 shares of the construction company’s stock valued at $24,333,000 after acquiring an additional 22,149 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on STRL. Weiss Ratings raised Sterling Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 6th. Wall Street Zen lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. 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 report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 target price on the stock. Finally, KeyCorp lifted their target price on Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $720.67.

Sterling Infrastructure Stock Performance

STRL stock opened at $660.93 on Friday. Sterling Infrastructure, Inc. has a 1 year low of $244.02 and a 1 year high of $1,005.68. The stock has a market capitalization of $20.28 billion, a price-to-earnings ratio of 59.12, a PEG ratio of 2.62 and a beta of 1.83. 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 stock’s fifty day moving average is $782.89 and its two-hundred day moving average is $567.40.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly 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 net margin of 12.02% and a return on equity of 35.64%. The business had revenue of $825.67 million during the quarter, compared to analyst estimates of $603.58 million. During the same quarter in the prior year, the firm earned $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, research analysts predict that Sterling Infrastructure, Inc. will post 18.24 EPS for the current year.

Insider Transactions at Sterling Infrastructure

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the business’s stock in a transaction dated 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 transaction, the general counsel directly 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 SEC, which is available at this hyperlink. 1.60% of the stock is owned by insiders.

About Sterling Infrastructure

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.