Entropy Technologies LP Sells 5,441 Shares of Sterling Infrastructure, Inc. $STRL

Entropy Technologies LP trimmed its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 48.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,839 shares of the construction company’s stock after selling 5,441 shares during the quarter. Entropy Technologies LP’s holdings in Sterling Infrastructure were worth $2,378,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. State Street Corp boosted its position in Sterling Infrastructure by 62.0% during 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 in the last quarter. Invesco Ltd. increased its holdings in shares of Sterling Infrastructure by 29.8% in the 3rd quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock valued at $324,526,000 after acquiring an additional 219,477 shares during the period. First Trust Advisors LP raised its position in shares of Sterling Infrastructure by 27.3% in the 1st quarter. First Trust Advisors LP now owns 877,990 shares of the construction company’s stock worth $357,579,000 after acquiring an additional 188,048 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Sterling Infrastructure by 3.7% in the 4th quarter. Janus Henderson Group PLC now owns 575,886 shares of the construction company’s stock worth $176,331,000 after acquiring an additional 20,299 shares in the last quarter. Finally, UBS Group AG lifted its stake in shares of Sterling Infrastructure by 45.4% during the 3rd quarter. UBS Group AG now owns 483,864 shares of the construction company’s stock worth $164,359,000 after purchasing an additional 151,146 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

Shares of Sterling Infrastructure stock opened at $660.93 on Monday. The firm has a market capitalization of $20.28 billion, a P/E ratio of 59.12, a PEG ratio of 2.42 and a beta of 1.83. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The company has a 50 day moving average price of $782.89 and a 200 day moving average price of $569.10. Sterling Infrastructure, Inc. has a 52 week low of $244.02 and a 52 week high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last released its earnings results on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $1.30. The company had revenue of $825.67 million during the quarter, compared to analysts’ expectations 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 business earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Sell-side analysts expect that Sterling Infrastructure, Inc. will post 18.24 EPS for the current year.

Wall Street Analyst Weigh In

STRL has been the topic of a number of recent research reports. Wall Street Zen downgraded Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Oppenheimer assumed coverage on shares of Sterling Infrastructure in a report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 target price for the company. Cantor Fitzgerald reissued an “overweight” rating on shares of Sterling Infrastructure in a research report on Thursday, June 18th. Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, June 1st. Finally, Argus assumed coverage on shares of Sterling Infrastructure in a report on Thursday, April 16th. They issued a “buy” rating and a $510.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $720.67.

Insider Activity

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the firm’s stock in a transaction 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 transaction, the general counsel owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. This trade represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

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.