Sterling Infrastructure, Inc. $STRL Shares Acquired by Hartline Investment Corp

Hartline Investment Corp grew its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 21.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,151 shares of the construction company’s stock after acquiring an additional 1,244 shares during the quarter. Hartline Investment Corp’s holdings in Sterling Infrastructure were worth $2,912,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in STRL. Swedbank AB acquired a new stake in Sterling Infrastructure in the first quarter worth about $6,516,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in Sterling Infrastructure in the first quarter worth approximately $4,704,000. Abel Hall LLC acquired a new stake in shares of Sterling Infrastructure during the 1st quarter valued at $649,000. Ascentis Independent Advisors boosted its stake in shares of Sterling Infrastructure by 82.6% during the 1st quarter. Ascentis Independent Advisors now owns 2,511 shares of the construction company’s stock worth $1,023,000 after acquiring an additional 1,136 shares in the last quarter. Finally, AdvisorShares Investments LLC acquired a new position in shares of Sterling Infrastructure in the 1st quarter worth $298,000. Institutional investors own 80.95% of the company’s stock.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total value of $2,220,000.00. Following the completion of the sale, the general counsel owned 28,137 shares in the company, valued at $24,985,656. This represents a 8.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph A. Cutillo sold 50,000 shares of Sterling Infrastructure 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 sale, the chief executive officer directly owned 290,593 shares of the company’s stock, valued at $144,590,359.01. This trade represents a 14.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 Down 6.0%

Shares of Sterling Infrastructure stock opened at $674.39 on Wednesday. Sterling Infrastructure, Inc. has a 1 year low of $225.46 and a 1 year high of $1,005.68. The company has a market cap of $20.70 billion, a P/E ratio of 60.32, a P/E/G ratio of 2.61 and a beta of 1.83. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $799.73 and a 200 day moving average price of $535.86.

Sterling Infrastructure (NASDAQ:STRL) last issued its earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $1.30. The company had revenue of $825.67 million for 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 prior year, the company earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, analysts expect that Sterling Infrastructure, Inc. will post 18.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

STRL has been the subject of several analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Sterling Infrastructure in a report on Thursday, June 18th. KeyCorp boosted their price objective on Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Wall Street Zen lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Argus initiated coverage on shares of Sterling Infrastructure in a report on Thursday, April 16th. They issued a “buy” rating and a $510.00 target price for the company. Finally, Weiss Ratings upgraded shares of Sterling Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $720.67.

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.