Sterling Infrastructure (NASDAQ:STRL) General Counsel Mark Wolf Sells 2,500 Shares of Stock

Sterling Infrastructure, Inc. (NASDAQ:STRL) General Counsel Mark Wolf sold 2,500 shares of the 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 completion of the sale, the general counsel directly owned 28,137 shares of the company’s stock, valued at $24,985,656. The trade was a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Sterling Infrastructure Stock Up 1.1%

STRL traded up $9.01 during mid-day trading on Monday, reaching $813.77. 721,001 shares of the stock were exchanged, compared to its average volume of 607,541. 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 $24.97 billion, a PE ratio of 72.79, a price-to-earnings-growth ratio of 2.92 and a beta of 1.81. The company has a 50 day moving average price of $761.90 and a two-hundred day moving average price of $514.81. Sterling Infrastructure, Inc. has a 1 year low of $217.07 and a 1 year high of $1,005.68.

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

Hedge Funds Weigh In On Sterling Infrastructure

Several institutional investors and hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC raised its stake in shares of Sterling Infrastructure by 7.7% in the first quarter. Parallel Advisors LLC now owns 629 shares of the construction company’s stock valued at $256,000 after buying an additional 45 shares during the period. NewEdge Advisors LLC grew its stake in shares of Sterling Infrastructure by 40.7% during the 1st quarter. NewEdge Advisors LLC now owns 5,518 shares of the construction company’s stock worth $2,247,000 after acquiring an additional 1,595 shares during the period. WNY Asset Management LLC bought a new position in shares of Sterling Infrastructure during the 1st quarter worth $621,000. BankChampaign National Association purchased a new stake in Sterling Infrastructure in the 1st quarter worth about $661,000. Finally, Norris Financial Group LLC purchased a new stake in Sterling Infrastructure in the 1st quarter worth about $262,000. 80.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. KeyCorp boosted 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. Zacks Research raised Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 1st. Oppenheimer initiated coverage on Sterling Infrastructure in a report on Thursday, May 28th. They set an “outperform” rating and a $950.00 price target on the stock. Weiss Ratings cut Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Finally, Argus started coverage on Sterling Infrastructure in a research note on Thursday, April 16th. They issued a “buy” rating and a $510.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to MarketBeat.com, Sterling Infrastructure has a consensus rating of “Buy” and an average price target of $720.67.

About Sterling Infrastructure

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.