Sterling Infrastructure, Inc. $STRL Stock Holdings Lifted by ProShare Advisors LLC

ProShare Advisors LLC raised its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 18.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,687 shares of the construction company’s stock after purchasing an additional 1,051 shares during the quarter. ProShare Advisors LLC’s holdings in Sterling Infrastructure were worth $2,048,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Intrua Financial LLC grew its stake in Sterling Infrastructure by 15.9% in the fourth quarter. Intrua Financial LLC now owns 883 shares of the construction company’s stock valued at $270,000 after purchasing an additional 121 shares in the last quarter. Abacus Wealth Partners LLC purchased a new position in Sterling Infrastructure in the fourth quarter valued at about $635,000. Convergence Investment Partners LLC grew its stake in Sterling Infrastructure by 4.8% in the fourth quarter. Convergence Investment Partners LLC now owns 4,313 shares of the construction company’s stock valued at $1,321,000 after purchasing an additional 197 shares in the last quarter. Northwestern Mutual Investment Management Company LLC purchased a new position in Sterling Infrastructure in the fourth quarter valued at about $2,105,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Sterling Infrastructure by 101,286.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 103,414 shares of the construction company’s stock valued at $31,668,000 after purchasing an additional 103,312 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Price Performance

Shares of NASDAQ:STRL opened at $732.94 on Monday. The business has a 50 day moving average price of $544.70 and a 200 day moving average price of $424.89. Sterling Infrastructure, Inc. has a twelve month low of $179.46 and a twelve month high of $893.13. The company has a market cap of $22.49 billion, a price-to-earnings ratio of 65.56, a PEG ratio of 2.71 and a beta of 1.64. The company has a quick ratio of 1.10, a current 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 for the quarter, beating the consensus estimate of $2.29 by $1.30. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.The firm had revenue of $825.68 million during the quarter, compared to the consensus estimate of $603.58 million. 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. Research analysts predict that Sterling Infrastructure, Inc. will post 18.01 earnings per share for the current year.

Analysts Set New Price Targets

STRL has been the topic of a number of recent research reports. Argus began coverage on Sterling Infrastructure in a research note on Thursday, April 16th. They issued a “buy” rating and a $510.00 target price on the stock. Stifel Nicolaus set a $486.00 price target on Sterling Infrastructure and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Wall Street Zen upgraded Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings downgraded Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. Finally, KeyCorp upped their price target on Sterling Infrastructure from $572.00 to $889.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Sterling Infrastructure presently has an average rating of “Moderate Buy” and a consensus price target of $668.20.

Insiders Place Their Bets

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 50,000 shares of the company’s 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 completion of the transaction, the chief executive officer owned 290,593 shares of the company’s stock, valued at $144,590,359.01. This represents a 14.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 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.