Geneva Partners LLC Purchases New Shares in Sterling Infrastructure, Inc. $STRL

Geneva Partners LLC acquired a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 18,073 shares of the construction company’s stock, valued at approximately $7,361,000. Sterling Infrastructure makes up approximately 3.5% of Geneva Partners LLC’s holdings, making the stock its 10th largest position.

Several other hedge funds have also modified their holdings of STRL. Kemnay Advisory Services Inc. acquired a new stake in shares of Sterling Infrastructure during the 4th quarter valued at about $31,000. EverSource Wealth Advisors LLC raised its holdings in Sterling Infrastructure by 33.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock worth $33,000 after purchasing an additional 27 shares during the period. Rakuten Securities Inc. boosted its position in Sterling Infrastructure by 6,950.0% during the second quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock worth $33,000 after purchasing an additional 139 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in Sterling Infrastructure by 316.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 104 shares of the construction company’s stock valued at $35,000 after purchasing an additional 79 shares during the period. Finally, USA Financial Formulas acquired a new stake in Sterling Infrastructure in the fourth quarter valued at approximately $40,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Stock Down 6.0%

Shares of STRL opened at $674.39 on Wednesday. The stock has a 50 day moving average price of $799.73 and a 200 day moving average price of $535.86. Sterling Infrastructure, Inc. has a one year low of $225.46 and a one year high of $1,005.68. 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 has a market capitalization of $20.70 billion, a price-to-earnings ratio of 60.32, a PEG ratio of 2.61 and a beta of 1.83.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $1.30. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.The company had revenue of $825.67 million for the quarter, compared to analyst estimates of $603.58 million. During the same quarter last year, the firm posted $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Equities research analysts forecast that Sterling Infrastructure, Inc. will post 18.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

STRL has been the subject of several research analyst reports. KeyCorp upped their target price on Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Oppenheimer began coverage on shares of Sterling Infrastructure in a research note on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price target on the stock. Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 1st. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Sterling Infrastructure in a report on Thursday, June 18th. Finally, Wall Street Zen lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. Based on data from MarketBeat, Sterling Infrastructure presently has an average rating of “Buy” and a consensus price target of $720.67.

Insider Activity

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $888.00, for a total value of $2,220,000.00. Following the transaction, the general counsel directly owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. This trade represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Joseph A. Cutillo sold 50,000 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following the transaction, the chief executive officer owned 290,593 shares in the company, valued at $144,590,359.01. The trade was a 14.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.60% of the company’s stock.

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.