5,931 Shares in Sterling Infrastructure, Inc. $STRL Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp acquired a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,931 shares of the construction company’s stock, valued at approximately $4,978,000.

A number of other hedge funds have also recently bought and sold shares of STRL. Signature Equity Partners LLC raised its position in shares of Sterling Infrastructure by 19.5% in the 1st quarter. Signature Equity Partners LLC now owns 104 shares of the construction company’s stock valued at $42,000 after purchasing an additional 17 shares in the last quarter. World Investment Advisors grew its position in shares of Sterling Infrastructure by 2.4% during the first quarter. World Investment Advisors now owns 870 shares of the construction company’s stock worth $354,000 after buying an additional 20 shares in the last quarter. Ritholtz Wealth Management grew its position in shares of Sterling Infrastructure by 3.6% during the first quarter. Ritholtz Wealth Management now owns 686 shares of the construction company’s stock worth $279,000 after buying an additional 24 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Sterling Infrastructure by 43.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company’s stock worth $66,000 after buying an additional 24 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Sterling Infrastructure by 33.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock worth $33,000 after buying an additional 27 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analysts Set New Price Targets

STRL has been the topic of a number of research analyst reports. Weiss Ratings downgraded shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. KeyCorp dropped their target price on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Oppenheimer initiated coverage on shares of Sterling Infrastructure in a research note on Thursday, May 28th. They issued an “outperform” rating and a $950.00 target price on the stock. DA Davidson assumed coverage on shares of Sterling Infrastructure in a research report on Friday. They set a “buy” rating and a $700.00 price target on the stock. Finally, Zacks Research downgraded Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $690.33.

Insider Buying and Selling at Sterling Infrastructure

In related 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 sale, the general counsel owned 28,137 shares of the company’s stock, valued at $24,985,656. This represents a 8.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Sterling Infrastructure Stock Performance

Shares of STRL opened at $496.66 on Tuesday. The stock has a market capitalization of $15.19 billion, a PE ratio of 35.81, a price-to-earnings-growth ratio of 1.80 and a beta of 1.88. The business’s fifty day moving average price is $667.71 and its 200 day moving average price is $599.62. 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 12-month low of $266.13 and a 12-month 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 for the quarter, beating the consensus estimate of $5.01 by $0.79. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The business’s 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. Equities research analysts forecast that Sterling Infrastructure, Inc. will post 19.15 EPS for the current year.

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.