Capital Research Global Investors Reduces Stock Position in Sterling Infrastructure, Inc. $STRL

Capital Research Global Investors trimmed its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 364,067 shares of the construction company’s stock after selling 763 shares during the period. Capital Research Global Investors owned about 1.19% of Sterling Infrastructure worth $111,488,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Northwestern Mutual Investment Management Company LLC purchased a new position in Sterling Infrastructure during the 4th quarter valued at about $2,105,000. Truist Financial Corp lifted its holdings in shares of Sterling Infrastructure by 30.8% in the fourth quarter. Truist Financial Corp now owns 5,005 shares of the construction company’s stock valued at $1,533,000 after purchasing an additional 1,179 shares in the last quarter. Telligent Fund LP purchased a new stake in shares of Sterling Infrastructure in the third quarter valued at about $1,019,000. Harbor Capital Advisors Inc. grew its position in shares of Sterling Infrastructure by 6,893.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 3,287 shares of the construction company’s stock valued at $1,007,000 after purchasing an additional 3,240 shares during the last quarter. Finally, Allworth Financial LP grew its position in shares of Sterling Infrastructure by 1,307.9% in the third quarter. Allworth Financial LP now owns 7,631 shares of the construction company’s stock valued at $2,592,000 after purchasing an additional 7,089 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insider Activity at Sterling Infrastructure

In related news, CEO Joseph A. Cutillo sold 50,000 shares of the company’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total value of $24,878,500.00. Following the completion of the transaction, the chief executive officer directly owned 290,593 shares in the company, valued at approximately $144,590,359.01. This represents a 14.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is currently owned by corporate insiders.

Sterling Infrastructure Stock Performance

Shares of STRL opened at $891.86 on Tuesday. Sterling Infrastructure, Inc. has a 1 year low of $191.00 and a 1 year high of $1,005.68. The company’s 50 day simple moving average is $640.90 and its 200 day simple moving average is $462.99. The company has a market capitalization of $27.37 billion, a price-to-earnings ratio of 79.77, a PEG ratio of 3.26 and a beta of 1.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.10.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share for the quarter, beating the consensus estimate of $2.29 by $1.30. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.The company had revenue of $825.68 million during the quarter, compared to the consensus estimate of $603.58 million. During the same period in the previous year, the firm posted $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, sell-side analysts predict that Sterling Infrastructure, Inc. will post 18.03 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on STRL. Oppenheimer initiated coverage on Sterling Infrastructure in a research report on Thursday, May 28th. They set an “outperform” rating and a $950.00 price objective for the company. Weiss Ratings cut Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. KeyCorp boosted their price target on Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Zacks Research upgraded Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 1st. Finally, DA Davidson increased 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. One analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. According to MarketBeat, Sterling Infrastructure currently has a consensus rating of “Buy” and an average target price of $720.67.

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.