1492 Capital Management LLC Lowers Position in Sterling Infrastructure, Inc. $STRL

1492 Capital Management LLC decreased its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 9.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 11,726 shares of the construction company’s stock after selling 1,259 shares during the quarter. Sterling Infrastructure comprises 1.8% of 1492 Capital Management LLC’s portfolio, making the stock its 15th largest position. 1492 Capital Management LLC’s holdings in Sterling Infrastructure were worth $4,776,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Kemnay Advisory Services Inc. acquired a new stake in shares of Sterling Infrastructure during the 4th quarter worth $31,000. Optiver Holding B.V. boosted its holdings in Sterling Infrastructure by 108.2% in the third quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock valued at $35,000 after acquiring an additional 53 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in Sterling Infrastructure by 316.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 104 shares of the construction company’s stock valued at $35,000 after acquiring an additional 79 shares during the period. EverSource Wealth Advisors LLC grew its position in Sterling Infrastructure by 33.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock valued at $33,000 after acquiring an additional 27 shares during the period. Finally, USA Financial Formulas acquired a new stake in Sterling Infrastructure during the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Down 8.7%

Shares of NASDAQ STRL opened at $804.76 on Friday. The stock has a fifty day moving average price of $761.90 and a 200 day moving average price of $513.48. The company has a market cap of $24.70 billion, a P/E ratio of 71.98, a P/E/G ratio of 2.92 and a beta of 1.82. Sterling Infrastructure, Inc. has a 12-month low of $217.07 and a 12-month high of $1,005.68. The company has a current ratio of 1.10, a quick 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. The company had revenue of $825.67 million during the quarter, compared to the consensus estimate of $603.58 million. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.During the same period last year, the firm earned $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Research analysts anticipate that Sterling Infrastructure, Inc. will post 18.35 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Joseph A. Cutillo sold 50,000 shares of the business’s stock in a transaction dated 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on STRL. Weiss Ratings downgraded Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Wall Street Zen upgraded Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 20th. 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, 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. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. Based on data from MarketBeat.com, Sterling Infrastructure has a consensus rating of “Buy” and an average price target of $720.67.

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.