58,950 Shares in Sterling Infrastructure, Inc. $STRL Purchased by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 58,950 shares of the construction company’s stock, valued at approximately $24,009,000.

Other large investors have also recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC bought a new stake in Sterling Infrastructure during the fourth quarter worth approximately $2,105,000. Truist Financial Corp boosted its stake in Sterling Infrastructure by 30.8% during 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 in the last quarter. Private Advisor Group LLC increased its position in shares of Sterling Infrastructure by 28.2% during the 1st 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 during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in shares of Sterling Infrastructure during the 1st quarter valued at $4,704,000. Finally, Diversify Wealth Management LLC raised its stake in shares of Sterling Infrastructure by 45.1% in the 1st quarter. Diversify Wealth Management LLC now owns 12,156 shares of the construction company’s stock worth $4,951,000 after buying an additional 3,779 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insiders Place Their Bets

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the stock in a transaction on 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. This trade represents a 8.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Joseph A. Cutillo sold 50,000 shares of Sterling Infrastructure stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 290,593 shares in the company, valued at $144,590,359.01. This represents a 14.68% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

STRL has been the subject of several research analyst reports. Oppenheimer began coverage on Sterling Infrastructure in a report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price objective 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. Weiss Ratings upgraded shares of Sterling Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 6th. KeyCorp upped their price target on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Sterling Infrastructure in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $720.67.

Sterling Infrastructure Price Performance

NASDAQ STRL opened at $694.40 on Wednesday. The stock has a market capitalization of $21.31 billion, a P/E ratio of 62.11, a P/E/G ratio of 2.36 and a beta of 1.83. Sterling Infrastructure, Inc. has a 1 year low of $230.00 and a 1 year high of $1,005.68. The business’s fifty day moving average is $792.78 and its two-hundred day moving average is $561.03. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.10.

Sterling Infrastructure (NASDAQ:STRL) last announced 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. The company had revenue of $825.67 million during the quarter, compared to the consensus estimate of $603.58 million. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.During the same quarter in the prior year, the firm earned $1.63 EPS. 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 earnings per share for the current fiscal year.

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.