Joseph Cutillo Sells 50,000 Shares of Sterling Infrastructure (NASDAQ:STRL) Stock

Sterling Infrastructure, Inc. (NASDAQ:STRL) CEO Joseph Cutillo sold 50,000 shares of the business’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $453.48, for a total transaction of $22,674,000.00. Following the completion of the sale, the chief executive officer directly owned 340,593 shares of the company’s stock, valued at approximately $154,452,113.64. This trade represents a 12.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Sterling Infrastructure Stock Performance

NASDAQ STRL opened at $420.24 on Friday. The company has a fifty day moving average of $406.74 and a two-hundred day moving average of $362.49. The company has a market capitalization of $12.88 billion, a PE ratio of 44.85, a P/E/G ratio of 2.16 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 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 posted its earnings results on Wednesday, February 25th. The construction company reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $0.45. The business had revenue of $755.61 million for the quarter, compared to analysts’ expectations of $639.41 million. Sterling Infrastructure had a return on equity of 32.82% and a net margin of 11.65%.Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. As a group, analysts expect that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. DA Davidson boosted their price objective on Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 4th. Stifel Nicolaus set a $486.00 price target on shares of Sterling Infrastructure and gave the company a “buy” rating in a research report on Wednesday, February 11th. Wall Street Zen cut shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings raised shares of Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $489.33.

Institutional Trading of Sterling Infrastructure

A number of hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC acquired a new position in shares of Sterling Infrastructure in the first quarter valued at approximately $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Sterling Infrastructure by 12.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company’s stock worth $9,508,000 after purchasing an additional 9,625 shares during the period. Focus Partners Wealth lifted its holdings in shares of Sterling Infrastructure by 13.7% during the first quarter. Focus Partners Wealth now owns 2,313 shares of the construction company’s stock worth $262,000 after purchasing an additional 279 shares during the period. Ensign Peak Advisors Inc purchased a new position in Sterling Infrastructure in the 2nd quarter valued at $138,000. Finally, JPMorgan Chase & Co. grew its position in Sterling Infrastructure by 8.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 122,623 shares of the construction company’s stock valued at $28,293,000 after buying an additional 9,374 shares during the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Company 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.