Sterling Infrastructure, Inc. $STRL Position Increased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC increased its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 96.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,509 shares of the construction company’s stock after purchasing an additional 742 shares during the period. Kingsview Wealth Management LLC’s holdings in Sterling Infrastructure were worth $462,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Clearstead Advisors LLC lifted its holdings in shares of Sterling Infrastructure by 45.1% in the 4th quarter. Clearstead Advisors LLC now owns 251 shares of the construction company’s stock worth $77,000 after purchasing an additional 78 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Sterling Infrastructure by 64.9% in the 4th quarter. Hantz Financial Services Inc. now owns 625 shares of the construction company’s stock worth $191,000 after purchasing an additional 246 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Sterling Infrastructure in the 4th quarter worth approximately $652,000. EverSource Wealth Advisors LLC lifted its holdings 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, Kingdom Financial Group LLC. bought a new stake in shares of Sterling Infrastructure in the 4th quarter worth approximately $551,000. Institutional investors own 80.95% of the company’s stock.

Insider Activity at Sterling Infrastructure

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the business’s stock in a transaction on 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 sale, the chief executive officer owned 290,593 shares of the company’s stock, valued at approximately $144,590,359.01. The trade was a 14.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.60% of the company’s stock.

Sterling Infrastructure Trading Up 9.3%

Shares of STRL stock opened at $957.03 on Thursday. 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, Inc. has a 1 year low of $191.00 and a 1 year high of $971.75. The stock has a fifty day moving average of $611.84 and a two-hundred day moving average of $450.58. The firm has a market capitalization of $29.37 billion, a PE ratio of 85.60, a price-to-earnings-growth ratio of 3.24 and a beta of 1.82.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, topping 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 $825.68 million during the quarter, compared to analyst estimates of $603.58 million. During the same quarter in the previous year, the firm posted $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, research analysts expect that Sterling Infrastructure, Inc. will post 18.03 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on STRL shares. Zacks Research raised Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday. Stifel Nicolaus set a $486.00 price target on Sterling Infrastructure and gave the stock a “buy” rating in a report on Wednesday, February 11th. DA Davidson raised their price target on Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Oppenheimer started coverage on Sterling Infrastructure in a research report on Thursday, May 28th. They set an “outperform” rating and a $950.00 price target for the company. Finally, Cantor Fitzgerald boosted their price target on Sterling Infrastructure from $482.00 to $956.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat.com, Sterling Infrastructure presently has a consensus rating of “Buy” and a consensus target price of $720.67.

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.