Allworth Financial LP Has $2.59 Million Stock Position in Sterling Infrastructure, Inc. $STRL

Allworth Financial LP boosted its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 1,307.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 7,631 shares of the construction company’s stock after acquiring an additional 7,089 shares during the quarter. Allworth Financial LP’s holdings in Sterling Infrastructure were worth $2,592,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of STRL. UMB Bank n.a. lifted its position in shares of Sterling Infrastructure by 27.5% during the 3rd quarter. UMB Bank n.a. now owns 130 shares of the construction company’s stock worth $44,000 after purchasing an additional 28 shares during the last quarter. Fifth Third Bancorp grew its holdings in Sterling Infrastructure by 76.1% in the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock valued at $28,000 after buying an additional 35 shares during the last quarter. Richardson Financial Services Inc. increased its position in Sterling Infrastructure by 22.6% in the 3rd quarter. Richardson Financial Services Inc. now owns 233 shares of the construction company’s stock worth $79,000 after buying an additional 43 shares during the period. Optiver Holding B.V. lifted its holdings in shares of Sterling Infrastructure by 108.2% during the third quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock worth $35,000 after buying an additional 53 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Sterling Infrastructure by 44.8% during the third quarter. Bessemer Group Inc. now owns 181 shares of the construction company’s stock worth $61,000 after buying an additional 56 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Price Performance

Shares of STRL stock opened at $401.61 on Friday. The stock’s fifty day simple moving average is $396.30 and its 200 day simple moving average is $357.88. Sterling Infrastructure, Inc. has a one year low of $96.34 and a one year high of $477.03. The firm has a market cap of $12.31 billion, a price-to-earnings ratio of 42.86, a P/E/G ratio of 2.09 and a beta of 1.48. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 1.01.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on STRL shares. Cantor Fitzgerald raised their price objective on shares of Sterling Infrastructure from $413.00 to $482.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Wall Street Zen raised shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 7th. Stifel Nicolaus set a $486.00 price target on shares of Sterling Infrastructure and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Weiss Ratings upgraded shares of Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. Finally, Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat, Sterling Infrastructure has a consensus rating of “Buy” and an average price target of $489.33.

Insider Activity

In related news, Director Dwayne Andree Wilson sold 2,860 shares of the firm’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $350.00, for a total transaction of $1,001,000.00. Following the completion of the sale, the director directly owned 14,749 shares of the company’s stock, valued at $5,162,150. This trade represents a 16.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $820,000.00. Following the completion of the transaction, the director owned 11,498 shares of the company’s stock, valued at approximately $4,714,180. The trade was a 14.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 6,860 shares of company stock worth $2,611,000 over the last ninety days. Insiders own 3.70% of the company’s stock.

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.