Sterling Infrastructure, Inc. $STRL Shares Sold by SIR Capital Management L.P.

SIR Capital Management L.P. trimmed its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 70.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 895 shares of the construction company’s stock after selling 2,105 shares during the quarter. SIR Capital Management L.P.’s holdings in Sterling Infrastructure were worth $751,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Shields & Co. LLC acquired a new stake in Sterling Infrastructure during the second quarter valued at $29,000. Persistent Asset Partners Ltd purchased a new position in shares of Sterling Infrastructure in the second quarter valued at approximately $40,000. MassMutual Private Wealth & Trust FSB boosted its stake in Sterling Infrastructure by 100.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 60 shares of the construction company’s stock worth $50,000 after purchasing an additional 30 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Sterling Infrastructure by 43.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company’s stock worth $66,000 after acquiring an additional 24 shares during the last quarter. Finally, Cedar Mountain Advisors LLC grew its position in shares of Sterling Infrastructure by 8,000.0% in the first quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock valued at $33,000 after purchasing an additional 80 shares in 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 subject of several recent analyst reports. Oppenheimer began coverage on shares of Sterling Infrastructure in a research report on Thursday, May 28th. They set an “outperform” rating and a $950.00 price objective for the company. Zacks Research lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Wall Street Zen raised Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Monday. 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 research report on Wednesday, August 5th. Finally, DA Davidson began coverage on Sterling Infrastructure in a report on Friday. They issued a “buy” rating and a $700.00 price target for the company. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Sterling Infrastructure presently has an average rating of “Moderate Buy” and an average price target of $690.33.

Sterling Infrastructure Price Performance

Sterling Infrastructure stock opened at $496.66 on Tuesday. Sterling Infrastructure, Inc. has a 12 month low of $266.13 and a 12 month high of $1,005.68. 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 company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11. The business has a 50 day simple moving average of $667.71 and a 200-day simple moving average of $599.62.

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 business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $969.22 million. The company’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 analysts predict that Sterling Infrastructure, Inc. will post 19.15 earnings per share for the current year.

Insider Buying and Selling at Sterling Infrastructure

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the 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 completion of the transaction, the general counsel owned 28,137 shares in the company, valued at $24,985,656. This trade represents a 8.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by company insiders.

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.