Sterling Infrastructure, Inc. $STRL Stock Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC reduced its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 84.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 679 shares of the construction company’s stock after selling 3,666 shares during the period. SteelPeak Wealth LLC’s holdings in Sterling Infrastructure were worth $334,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. State Street Corp raised its position in Sterling Infrastructure by 290.7% in the 2nd quarter. State Street Corp now owns 4,253,073 shares of the construction company’s stock valued at $3,569,859,000 after buying an additional 3,164,551 shares during the last quarter. BlackRock Inc. bought a new stake in Sterling Infrastructure in the 2nd quarter valued at approximately $2,713,946,000. Jupiter Topco LLC bought a new stake in Sterling Infrastructure in the 2nd quarter valued at approximately $395,056,000. First Trust Advisors LP lifted its stake in Sterling Infrastructure by 27.3% in the 1st quarter. First Trust Advisors LP now owns 877,990 shares of the construction company’s stock valued at $357,579,000 after acquiring an additional 188,048 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in Sterling Infrastructure by 7.5% during the 1st quarter. Janus Henderson Group PLC now owns 619,145 shares of the construction company’s stock worth $252,207,000 after acquiring an additional 43,259 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

STRL has been the subject of several research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $742.00 price target on shares of Sterling Infrastructure in a research note on Wednesday, October 14th. Zacks Research downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Stifel Nicolaus cut their price objective on shares of Sterling Infrastructure from $804.00 to $742.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. KeyCorp boosted their price objective on shares of Sterling Infrastructure from $754.00 to $755.00 and gave the stock an “overweight” rating in a research report on Thursday, October 15th. Finally, Weiss Ratings cut shares of Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 9th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Sterling Infrastructure currently has a consensus rating of “Moderate Buy” and a consensus price target of $733.17.

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL opened at $412.25 on Wednesday. The stock has a market capitalization of $12.61 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 1.48 and a beta of 1.86. The business has a 50-day moving average of $500.56 and a 200-day moving average of $620.41. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11. Sterling Infrastructure, Inc. has a fifty-two week low of $281.58 and a fifty-two week high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last released its earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.01 by $0.79. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $969.22 million. The company’s quarterly revenue was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. As a group, sell-side analysts predict that Sterling Infrastructure, Inc. will post 19.10 earnings per share for the current fiscal year.

About Sterling Infrastructure

Sterling Infrastructure, Inc is a U.S.-based infrastructure services company that provides construction and specialty contracting solutions through three principal business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.

Its E-Infrastructure Solutions segment supports the development of data centers, advanced manufacturing facilities, energy and power infrastructure, and other large-scale industrial projects. Transportation Solutions provides construction and rehabilitation services for highways, roads, bridges, airports, rail and transit systems, and related public infrastructure.