William Blair Investment Management LLC Sells 99,724 Shares of Sterling Infrastructure, Inc. $STRL

William Blair Investment Management LLC reduced its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 30.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,697 shares of the construction company’s stock after selling 99,724 shares during the quarter. William Blair Investment Management LLC owned approximately 0.73% of Sterling Infrastructure worth $187,762,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of STRL. BlackRock Inc. acquired a new stake in Sterling Infrastructure during the 2nd quarter valued at $2,713,946,000. State Street Corp boosted its stake in Sterling Infrastructure by 62.0% in the second quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock worth $261,129,000 after purchasing an additional 433,311 shares in the last quarter. Invesco Ltd. boosted its stake in Sterling Infrastructure by 29.8% in the third quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock worth $324,526,000 after purchasing an additional 219,477 shares in the last quarter. First Trust Advisors LP boosted its stake in Sterling Infrastructure by 27.3% in the first quarter. First Trust Advisors LP now owns 877,990 shares of the construction company’s stock worth $357,579,000 after purchasing an additional 188,048 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Sterling Infrastructure by 7.5% during the first quarter. Janus Henderson Group PLC now owns 619,145 shares of the construction company’s stock worth $252,207,000 after purchasing an additional 43,259 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

Insider Activity

In other news, General Counsel Mark D. Wolf sold 2,500 shares of Sterling Infrastructure stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the completion of the sale, the general counsel owned 28,137 shares in the company, valued at $24,985,656. The trade was a 8.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. DA Davidson upgraded Sterling Infrastructure to a “strong-buy” rating in a research note on Friday. Zacks Research downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Oppenheimer assumed coverage on shares of Sterling Infrastructure in a report on Thursday, May 28th. They set an “outperform” rating and a $950.00 price objective on the stock. Weiss Ratings cut shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Finally, Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 16th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $690.33.

Sterling Infrastructure Price Performance

Sterling Infrastructure stock opened at $516.81 on Friday. The business’s 50-day simple moving average is $675.12 and its 200 day simple moving average is $597.24. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.19. The stock has a market cap of $15.81 billion, a price-to-earnings ratio of 37.26, a P/E/G ratio of 1.81 and a beta of 1.88. Sterling Infrastructure, Inc. has a 12-month low of $266.13 and a 12-month high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.01 by $0.79. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $969.22 million. Sterling Infrastructure’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. As a group, research analysts anticipate that Sterling Infrastructure, Inc. will post 19.15 earnings per share 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.