Sterling Infrastructure, Inc. $STRL Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC raised its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 40.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,518 shares of the construction company’s stock after acquiring an additional 1,595 shares during the period. NewEdge Advisors LLC’s holdings in Sterling Infrastructure were worth $2,247,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. WNY Asset Management LLC acquired a new stake in shares of Sterling Infrastructure in the first quarter worth $621,000. BankChampaign National Association acquired a new position in Sterling Infrastructure during the first quarter valued at $661,000. Norris Financial Group LLC purchased a new stake in Sterling Infrastructure in the first quarter valued at $262,000. Janus Henderson Group PLC boosted its holdings in Sterling Infrastructure by 7.5% in the first quarter. Janus Henderson Group PLC now owns 619,145 shares of the construction company’s stock valued at $252,207,000 after purchasing an additional 43,259 shares during the last quarter. Finally, Cim LLC boosted its holdings in Sterling Infrastructure by 813.0% in the first quarter. Cim LLC now owns 12,152 shares of the construction company’s stock valued at $4,949,000 after purchasing an additional 10,821 shares during the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

STRL has been the subject of a number of recent research reports. Cantor Fitzgerald reduced their price objective on Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. Oppenheimer initiated coverage on Sterling Infrastructure in a research note on Thursday, May 28th. They issued an “outperform” rating and a $950.00 target price on the stock. KeyCorp dropped their target price on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Weiss Ratings cut Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Finally, Wall Street Zen raised Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $657.00.

Insider Activity at Sterling Infrastructure

In related 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 in the company, valued at $24,985,656. The trade was a 8.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by company insiders.

Sterling Infrastructure Stock Up 4.2%

STRL stock opened at $576.48 on Friday. The firm has a market cap of $17.63 billion, a PE ratio of 41.56, a P/E/G ratio of 1.93 and a beta of 1.88. 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 firm’s fifty day moving average is $704.54 and its 200 day moving average is $591.04. Sterling Infrastructure, Inc. has a one year low of $263.45 and a one year high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.01 by $0.79. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The company’s 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. On average, research analysts forecast that Sterling Infrastructure, Inc. will post 19.11 EPS for the current year.

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.