Janney Montgomery Scott LLC Raises Stake in Sterling Infrastructure, Inc. $STRL

Janney Montgomery Scott LLC increased its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 36.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,087 shares of the construction company’s stock after buying an additional 1,359 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Sterling Infrastructure were worth $2,072,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Sterling Infrastructure by 62.0% in the 2nd quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock valued at $261,129,000 after acquiring an additional 433,311 shares during the last quarter. Invesco Ltd. increased its stake in shares of Sterling Infrastructure by 29.8% in the third quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock worth $324,526,000 after acquiring an additional 219,477 shares during the period. First Trust Advisors LP raised its holdings in shares of Sterling Infrastructure by 13.8% during the fourth quarter. First Trust Advisors LP now owns 689,942 shares of the construction company’s stock worth $211,281,000 after purchasing an additional 83,706 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Sterling Infrastructure by 3.7% during the fourth quarter. Janus Henderson Group PLC now owns 575,886 shares of the construction company’s stock worth $176,331,000 after purchasing an additional 20,299 shares during the last quarter. Finally, UBS Group AG lifted its position in Sterling Infrastructure by 45.4% during the third quarter. UBS Group AG now owns 483,864 shares of the construction company’s stock valued at $164,359,000 after purchasing an additional 151,146 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Stock Performance

STRL opened at $707.17 on Friday. The firm has a fifty day moving average price of $807.55 and a 200 day moving average price of $541.19. Sterling Infrastructure, Inc. has a 1 year low of $226.64 and a 1 year high of $1,005.68. The stock has a market cap of $21.70 billion, a P/E ratio of 63.25, a P/E/G ratio of 2.40 and a beta of 1.83. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 1.10.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, beating the consensus estimate of $2.29 by $1.30. The company 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 quarter last year, the business earned $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Equities research analysts anticipate that Sterling Infrastructure, Inc. will post 18.35 earnings per share for the current year.

Analysts Set New Price Targets

STRL has been the topic of several recent research reports. KeyCorp upped their price target on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. Argus began coverage on Sterling Infrastructure in a research note on Thursday, April 16th. They set a “buy” rating and a $510.00 price objective for the company. Zacks Research raised Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, June 1st. Wall Street Zen downgraded Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, Oppenheimer initiated coverage on Sterling Infrastructure in a report on Thursday, May 28th. They set an “outperform” rating and a $950.00 target price on the stock. 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 stock presently has an average rating of “Buy” and a consensus price target of $720.67.

Insider Transactions at Sterling Infrastructure

In related news, General Counsel Mark D. Wolf sold 2,500 shares of Sterling Infrastructure stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $888.00, for a total value of $2,220,000.00. Following the completion of the transaction, the general counsel owned 28,137 shares in the company, valued at $24,985,656. The trade was a 8.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joseph A. Cutillo sold 50,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 290,593 shares in the company, valued at $144,590,359.01. This 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 owned by company insiders.

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.