Great Lakes Advisors LLC Cuts Stock Position in Sterling Infrastructure, Inc. $STRL

Great Lakes Advisors LLC lessened its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 54.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,896 shares of the construction company’s stock after selling 25,875 shares during the period. Great Lakes Advisors LLC owned approximately 0.07% of Sterling Infrastructure worth $18,379,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Signature Equity Partners LLC boosted its holdings in Sterling Infrastructure by 19.5% in the first quarter. Signature Equity Partners LLC now owns 104 shares of the construction company’s stock worth $42,000 after acquiring an additional 17 shares in the last quarter. World Investment Advisors increased its holdings 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 valued at $354,000 after acquiring an additional 20 shares in the last quarter. Ritholtz Wealth Management raised its position in shares of Sterling Infrastructure by 3.6% in the 1st quarter. Ritholtz Wealth Management now owns 686 shares of the construction company’s stock worth $279,000 after purchasing an additional 24 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of 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 last quarter. Finally, Root Financial Partners LLC boosted its stake in Sterling Infrastructure by 28.0% in the 1st quarter. Root Financial Partners LLC now owns 128 shares of the construction company’s stock worth $52,000 after purchasing an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on STRL. KeyCorp cut their price objective on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock 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. Weiss Ratings cut shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, Cantor Fitzgerald decreased their price objective on shares of Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $657.00.

Insiders Place Their Bets

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the firm’s stock in a transaction that occurred on 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 sale, the general counsel owned 28,137 shares in the company, valued at approximately $24,985,656. This trade represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by company insiders.

Sterling Infrastructure Price Performance

NASDAQ STRL opened at $554.76 on Wednesday. Sterling Infrastructure, Inc. has a one year low of $263.45 and a one year high of $1,005.68. The stock has a 50-day moving average of $693.04 and a 200 day moving average of $595.56. 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 company has a market capitalization of $16.97 billion, a price-to-earnings ratio of 40.00, a PEG ratio of 2.01 and a beta of 1.88.

Sterling Infrastructure (NASDAQ:STRL) last posted its earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.01 by $0.79. The business had revenue of $1.17 billion for 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 business’s quarterly 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, sell-side analysts forecast that Sterling Infrastructure, Inc. will post 19.11 EPS for the current 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.