Axiom Investors LLC DE Has $9.92 Million Holdings in Sterling Infrastructure, Inc. $STRL

Axiom Investors LLC DE lessened its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 50.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,404 shares of the construction company’s stock after selling 33,340 shares during the quarter. Axiom Investors LLC DE’s holdings in Sterling Infrastructure were worth $9,923,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp boosted its stake 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 in the last quarter. Optiver Holding B.V. boosted its stake in Sterling Infrastructure by 108.2% in the 3rd quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock valued at $35,000 after buying an additional 53 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Sterling Infrastructure by 316.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 104 shares of the construction company’s stock valued at $35,000 after buying an additional 79 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Sterling Infrastructure by 33.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock valued at $33,000 after buying an additional 27 shares in the last quarter. Finally, USA Financial Formulas acquired a new stake in Sterling Infrastructure in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. DA Davidson boosted their price target on Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Wall Street Zen downgraded Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 31st. Stifel Nicolaus set a $486.00 price objective on Sterling Infrastructure and gave the company a “buy” rating in a research report on Wednesday, February 11th. Cantor Fitzgerald lifted their price objective on Sterling Infrastructure from $482.00 to $956.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Finally, Argus assumed coverage on Sterling Infrastructure in a research report on Thursday, April 16th. They issued a “buy” rating and a $510.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $720.67.

Insider Buying and Selling at Sterling Infrastructure

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following the completion of the sale, the chief executive officer owned 290,593 shares in the company, valued at $144,590,359.01. The trade was a 14.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is currently owned by insiders.

Sterling Infrastructure Trading Down 5.6%

Shares of STRL opened at $842.01 on Wednesday. The stock has a fifty day moving average price of $649.34 and a two-hundred day moving average price of $466.57. 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, Inc. has a 52-week low of $191.00 and a 52-week high of $1,005.68. The company has a market cap of $25.84 billion, a price-to-earnings ratio of 75.31, a PEG ratio of 3.30 and a beta of 1.82.

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