Balboa Wealth Partners Sells 1,282 Shares of Sterling Infrastructure, Inc. $STRL

Balboa Wealth Partners reduced its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 8.5% during the first quarter, Holdings Channel.com reports. The firm owned 13,768 shares of the construction company’s stock after selling 1,282 shares during the period. Sterling Infrastructure accounts for about 0.9% of Balboa Wealth Partners’ portfolio, making the stock its 23rd largest position. Balboa Wealth Partners’ holdings in Sterling Infrastructure were worth $5,607,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its holdings 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 buying an additional 433,311 shares during the last quarter. Invesco Ltd. raised its position in Sterling Infrastructure by 29.8% during the 3rd quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock valued at $324,526,000 after purchasing an additional 219,477 shares during the last quarter. First Trust Advisors LP grew its position in shares of Sterling Infrastructure by 13.8% in the 4th quarter. First Trust Advisors LP now owns 689,942 shares of the construction company’s stock worth $211,281,000 after buying an additional 83,706 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Sterling Infrastructure by 84.6% during the third quarter. American Century Companies Inc. now owns 654,096 shares of the construction company’s stock valued at $222,184,000 after buying an additional 299,724 shares during the period. Finally, Janus Henderson Group PLC increased its stake 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 valued at $176,331,000 after buying an additional 20,299 shares during the period. Institutional investors own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on STRL. Weiss Ratings lowered Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. DA Davidson boosted their target price on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a report on Friday, February 27th. KeyCorp lifted 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. Oppenheimer started coverage on shares of Sterling Infrastructure in a research note on Thursday, May 28th. They set an “outperform” rating and a $950.00 price objective on the stock. Finally, Wall Street Zen upgraded shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to data from MarketBeat, Sterling Infrastructure has an average rating of “Buy” and an average target price of $720.67.

Insider Activity at Sterling Infrastructure

In related news, CEO Joseph A. Cutillo sold 50,000 shares of the company’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following the completion of the sale, the chief executive officer owned 290,593 shares in the company, valued at approximately $144,590,359.01. This represents a 14.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is owned by insiders.

Sterling Infrastructure Stock Performance

Shares of NASDAQ:STRL opened at $861.88 on Monday. Sterling Infrastructure, Inc. has a 1 year low of $214.20 and a 1 year high of $1,005.68. The stock’s fifty day moving average price is $719.56 and its 200-day moving average price is $495.47. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market cap of $26.45 billion, a P/E ratio of 77.09, a PEG ratio of 3.10 and a beta of 1.81.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $1.30. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. The firm had revenue of $825.67 million for the quarter, compared to the consensus estimate of $603.58 million. During the same quarter last year, the firm posted $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 18.53 earnings per share for the current year.

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.