Kestra Private Wealth Services LLC Sells 659 Shares of Sterling Infrastructure, Inc. $STRL

Kestra Private Wealth Services LLC lessened its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 12.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,710 shares of the construction company’s stock after selling 659 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Sterling Infrastructure were worth $1,918,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Kemnay Advisory Services Inc. bought a new stake in shares of Sterling Infrastructure during the 4th quarter valued at about $31,000. EverSource Wealth Advisors LLC lifted its stake in shares of Sterling Infrastructure by 33.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock worth $33,000 after purchasing an additional 27 shares during the period. Rakuten Securities Inc. boosted its holdings in shares of Sterling Infrastructure by 6,950.0% in the second quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock worth $33,000 after buying an additional 139 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Sterling Infrastructure by 316.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 104 shares of the construction company’s stock worth $35,000 after buying an additional 79 shares during the last quarter. Finally, USA Financial Formulas bought a new stake in Sterling Infrastructure during the fourth quarter valued at approximately $40,000. Institutional investors own 80.95% of the company’s stock.

Insider Buying and Selling 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 shares were 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 approximately $144,590,359.01. This represents a 14.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on STRL. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Sterling Infrastructure in a report on Thursday, June 18th. Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 1st. Weiss Ratings downgraded shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Argus started coverage on Sterling Infrastructure in a research note on Thursday, April 16th. They issued a “buy” rating and a $510.00 price objective for the company. Finally, Oppenheimer started coverage on Sterling Infrastructure in a report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $720.67.

Sterling Infrastructure Stock Performance

Sterling Infrastructure stock opened at $804.76 on Monday. Sterling Infrastructure, Inc. has a 12-month low of $217.07 and a 12-month high of $1,005.68. The firm has a market capitalization of $24.70 billion, a price-to-earnings ratio of 71.98, a P/E/G ratio of 2.92 and a beta of 1.81. The firm has a 50 day moving average of $761.90 and a 200 day moving average of $514.81. 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 issued its quarterly 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 business had revenue of $825.67 million for the quarter, compared to the consensus estimate of $603.58 million. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. During the same quarter in the previous year, the firm earned $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, research analysts predict that Sterling Infrastructure, Inc. will post 18.35 earnings per share for the current year.

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.