Silvant Capital Management LLC Lowers Stock Position in Sterling Infrastructure, Inc. $STRL

Silvant Capital Management LLC cut its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 60.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,505 shares of the construction company’s stock after selling 8,305 shares during the period. Silvant Capital Management LLC’s holdings in Sterling Infrastructure were worth $4,621,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Engle Capital Management L.P. increased its stake in Sterling Infrastructure by 156.5% during the first quarter. Engle Capital Management L.P. now owns 26,500 shares of the construction company’s stock worth $10,793,000 after purchasing an additional 16,167 shares during the period. Northwestern Mutual Investment Management Company LLC purchased a new position in shares of Sterling Infrastructure in the fourth quarter valued at approximately $2,105,000. Private Advisor Group LLC boosted its stake in shares of Sterling Infrastructure by 28.2% in the first 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. Ranger Investment Management L.P. acquired a new position in shares of Sterling Infrastructure in the first quarter valued at approximately $21,844,000. Finally, Truist Financial Corp grew its holdings in shares of Sterling Infrastructure by 30.8% in the fourth 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. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Performance

Shares of Sterling Infrastructure stock opened at $520.53 on Friday. The business has a 50-day simple moving average of $681.96 and a 200-day simple moving average of $597.80. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.11. Sterling Infrastructure, Inc. has a one year low of $266.13 and a one year high of $1,005.68. The company has a market cap of $15.92 billion, a PE ratio of 37.53, a P/E/G ratio of 1.86 and a beta of 1.88.

Sterling Infrastructure (NASDAQ:STRL) last issued 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. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $969.22 million. The business’s revenue for the quarter was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. On average, equities research analysts forecast that Sterling Infrastructure, Inc. will post 19.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

STRL has been the topic of several recent research reports. Cantor Fitzgerald cut their target price on shares of Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. DA Davidson set a $700.00 price target on shares of Sterling Infrastructure in a research report on Thursday. Zacks Research downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Wall Street Zen lowered Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 16th. Finally, Weiss Ratings cut Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Sterling Infrastructure presently has a consensus rating of “Moderate Buy” and a consensus price target of $690.33.

Insider Activity at Sterling Infrastructure

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the firm’s stock in a transaction 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 directly owned 28,137 shares in the company, valued at approximately $24,985,656. This trade represents a 8.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.60% of the company’s stock.

Sterling Infrastructure Company 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.