Sterling Infrastructure, Inc. $STRL Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 269.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,159 shares of the construction company’s stock after acquiring an additional 6,678 shares during the period. Pacer Advisors Inc.’s holdings in Sterling Infrastructure were worth $2,805,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Mcguire Capital Advisors Inc. acquired a new position in Sterling Infrastructure in the fourth quarter valued at approximately $70,000. Mercer Global Advisors Inc. ADV raised its holdings in Sterling Infrastructure by 21.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,251 shares of the construction company’s stock worth $689,000 after purchasing an additional 396 shares in the last quarter. Vident Advisory LLC raised its holdings in Sterling Infrastructure by 15.7% during the fourth quarter. Vident Advisory LLC now owns 15,806 shares of the construction company’s stock worth $4,840,000 after purchasing an additional 2,150 shares in the last quarter. Delta Global Management LP purchased a new stake in shares of Sterling Infrastructure during the 4th quarter worth approximately $2,438,000. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Sterling Infrastructure during the 4th quarter worth approximately $232,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insider Transactions at Sterling Infrastructure

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 50,000 shares of the firm’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following the transaction, the chief executive officer directly owned 290,593 shares of the company’s stock, valued at approximately $144,590,359.01. This trade represents a 14.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on STRL. Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 1st. KeyCorp boosted their price target on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. Wall Street Zen upgraded shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Sterling Infrastructure in a report on Thursday, June 18th. Finally, Argus assumed coverage on Sterling Infrastructure in a research report on Thursday, April 16th. They set a “buy” rating and a $510.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $720.67.

Sterling Infrastructure Price Performance

STRL stock opened at $892.25 on Wednesday. The company has a market capitalization of $27.38 billion, a P/E ratio of 79.81, a PEG ratio of 3.36 and a beta of 1.82. Sterling Infrastructure, Inc. has a twelve month low of $217.07 and a twelve month high of $1,005.68. The business has a 50 day simple moving average of $738.42 and a 200-day simple moving average of $503.74. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $1.30. The business had revenue of $825.67 million for the quarter, compared to analyst estimates of $603.58 million. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. During the same period last year, the firm posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, equities analysts anticipate that Sterling Infrastructure, Inc. will post 18.53 EPS for the current year.

About Sterling Infrastructure

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.