Sterling Infrastructure, Inc. $STRL Stake Reduced by Citigroup Inc.

Citigroup Inc. trimmed its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 56.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,420 shares of the construction company’s stock after selling 16,380 shares during the quarter. Citigroup Inc.’s holdings in Sterling Infrastructure were worth $4,219,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in STRL. State Street Corp raised its holdings in shares of Sterling Infrastructure by 62.0% in the 2nd 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. Geode Capital Management LLC grew its position in Sterling Infrastructure by 0.5% in the second quarter. Geode Capital Management LLC now owns 739,302 shares of the construction company’s stock worth $170,600,000 after buying an additional 3,469 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Sterling Infrastructure by 82.7% in the second quarter. Invesco Ltd. now owns 735,910 shares of the construction company’s stock valued at $169,797,000 after buying an additional 333,013 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Sterling Infrastructure by 61.6% in the second quarter. American Century Companies Inc. now owns 354,372 shares of the construction company’s stock valued at $81,764,000 after buying an additional 135,107 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Sterling Infrastructure by 29.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 353,958 shares of the construction company’s stock valued at $81,669,000 after acquiring an additional 80,481 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

Insider Buying and Selling

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure stock in a transaction on Monday, February 9th. The shares were sold at an average price of $410.00, for a total transaction of $820,000.00. Following the completion of the sale, the director owned 11,498 shares of the company’s stock, valued at $4,714,180. This trade represents a 14.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Dwayne Andree Wilson sold 2,860 shares of the business’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $350.00, for a total transaction of $1,001,000.00. Following the transaction, the director owned 14,749 shares in the company, valued at approximately $5,162,150. This represents a 16.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 6,860 shares of company stock valued at $2,611,000 over the last three months. 3.70% of the stock is owned by insiders.

Sterling Infrastructure Stock Performance

Shares of STRL stock opened at $420.22 on Thursday. The company has a market capitalization of $12.88 billion, a price-to-earnings ratio of 44.85, a P/E/G ratio of 2.37 and a beta of 1.48. Sterling Infrastructure, Inc. has a 1-year low of $96.34 and a 1-year high of $477.03. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.25. The stock’s fifty day simple moving average is $372.40 and its 200-day simple moving average is $347.02.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Wednesday, February 25th. The construction company reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.45. Sterling Infrastructure had a return on equity of 32.82% and a net margin of 11.65%.The firm had revenue of $755.61 million during the quarter, compared to the consensus estimate of $639.41 million. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. On average, sell-side analysts predict that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current fiscal year.

Sterling Infrastructure announced that its board has authorized a share buyback program on Wednesday, November 12th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the construction company to repurchase up to 3.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

STRL has been the topic of a number of recent research reports. Cantor Fitzgerald lifted their target price on Sterling Infrastructure from $413.00 to $482.00 and gave the stock an “overweight” rating in a report on Monday. DA Davidson increased their price target on Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Weiss Ratings upgraded Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. Finally, Stifel Nicolaus set a $486.00 target price on shares of Sterling Infrastructure and gave the stock a “buy” rating in a report on Wednesday, February 11th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $489.33.

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.