Baker Ellis Asset Management LLC Sells 713 Shares of Sterling Infrastructure, Inc. $STRL

Baker Ellis Asset Management LLC lowered its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 1.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,470 shares of the construction company’s stock after selling 713 shares during the quarter. Sterling Infrastructure accounts for 2.5% of Baker Ellis Asset Management LLC’s investment portfolio, making the stock its 7th largest holding. Baker Ellis Asset Management LLC’s holdings in Sterling Infrastructure were worth $20,962,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Investment Management Company LLC purchased a new stake in Sterling Infrastructure in the 4th quarter valued at approximately $2,105,000. Truist Financial Corp increased its position in Sterling Infrastructure by 30.8% during the fourth quarter. Truist Financial Corp now owns 5,005 shares of the construction company’s stock worth $1,533,000 after buying an additional 1,179 shares in the last quarter. Telligent Fund LP purchased a new position in Sterling Infrastructure during the third quarter worth $1,019,000. Harbor Capital Advisors Inc. raised its holdings in shares of Sterling Infrastructure by 6,893.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 3,287 shares of the construction company’s stock worth $1,007,000 after acquiring an additional 3,240 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Sterling Infrastructure by 1,307.9% in the third quarter. Allworth Financial LP now owns 7,631 shares of the construction company’s stock worth $2,592,000 after acquiring an additional 7,089 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

Sterling Infrastructure stock opened at $932.75 on Tuesday. The company has a market cap of $28.63 billion, a price-to-earnings ratio of 83.43, a price-to-earnings-growth ratio of 3.10 and a beta of 1.81. Sterling Infrastructure, Inc. has a 12 month low of $214.68 and a 12 month high of $1,005.68. 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 stock’s 50-day moving average is $729.50 and its 200-day moving average is $499.73.

Sterling Infrastructure (NASDAQ:STRL) last issued its earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $1.30. The business had revenue of $825.67 million during the quarter, compared to analysts’ expectations 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 previous year, the business earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Equities analysts anticipate that Sterling Infrastructure, Inc. will post 18.53 earnings per share for the current year.

Analysts Set New Price Targets

STRL has been the topic of a number of analyst reports. Weiss Ratings lowered Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. Argus assumed coverage on shares of Sterling Infrastructure in a research note on Thursday, April 16th. They issued a “buy” rating and a $510.00 target price for the company. DA Davidson upped 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. Oppenheimer initiated coverage on shares of Sterling Infrastructure in a report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 target price on the stock. Finally, Wall Street Zen raised shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $720.67.

Insiders Place Their Bets

In related news, 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 owned 290,593 shares of the company’s stock, valued at $144,590,359.01. The trade was a 14.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.60% of the company’s stock.

About Sterling Infrastructure

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.