BI Asset Management Fondsmaeglerselskab A S Has $2.61 Million Holdings in Sterling Infrastructure, Inc. $STRL

BI Asset Management Fondsmaeglerselskab A S trimmed its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 58.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,416 shares of the construction company’s stock after selling 8,930 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Sterling Infrastructure were worth $2,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. State Street Corp increased its holdings in Sterling Infrastructure by 62.0% in the second quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock worth $261,129,000 after buying an additional 433,311 shares during the last quarter. American Century Companies Inc. raised its position in 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 acquiring an additional 299,724 shares in the last quarter. First Trust Advisors LP lifted its stake in Sterling Infrastructure by 83.5% in the third quarter. First Trust Advisors LP now owns 606,236 shares of the construction company’s stock valued at $205,926,000 after acquiring an additional 275,830 shares during the last quarter. Invesco Ltd. lifted its stake in Sterling Infrastructure by 29.8% in the third 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 last quarter. Finally, Capital Research Global Investors grew its position in Sterling Infrastructure by 104.1% in the third quarter. Capital Research Global Investors now owns 364,830 shares of the construction company’s stock worth $123,925,000 after acquiring an additional 186,122 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Trading Down 4.3%

Shares of STRL stock opened at $892.25 on Wednesday. Sterling Infrastructure, Inc. has a 12 month low of $217.07 and a 12 month high of $1,005.68. The company has a market cap of $27.38 billion, a PE ratio of 79.81, a price-to-earnings-growth ratio of 3.36 and a beta of 1.82. 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 business’s 50 day moving average is $738.42 and its two-hundred day moving average is $503.74.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $1.30. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. The business had revenue of $825.67 million during the quarter, compared to the consensus estimate of $603.58 million. During the same period in the prior year, the firm earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Equities analysts predict that Sterling Infrastructure, Inc. will post 18.53 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on STRL shares. 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 target on the stock. Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 1st. DA Davidson upped their price objective on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, February 27th. KeyCorp increased their target price on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Finally, Wall Street Zen upgraded Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $720.67.

Insiders Place Their Bets

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 50,000 shares of the business’s 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 completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is currently owned by corporate insiders.

Sterling Infrastructure 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.