Sterling Infrastructure (NASDAQ:STRL) General Counsel Mark Wolf Sells 2,500 Shares

Sterling Infrastructure, Inc. (NASDAQ:STRL) General Counsel Mark Wolf sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $888.00, for a total value of $2,220,000.00. Following the sale, the general counsel directly owned 28,137 shares of the company’s stock, valued at $24,985,656. This represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Sterling Infrastructure Stock Performance

Shares of Sterling Infrastructure stock opened at $813.77 on Tuesday. Sterling Infrastructure, Inc. has a 52 week low of $217.07 and a 52 week high of $1,005.68. 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 has a 50 day moving average price of $769.36 and a 200-day moving average price of $518.26. The company has a market cap of $24.97 billion, a PE ratio of 72.79, a price-to-earnings-growth ratio of 2.92 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, topping the consensus estimate of $2.29 by $1.30. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.The business had revenue of $825.67 million during the quarter, compared to the consensus estimate of $603.58 million. During the same quarter in the prior year, the company posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Equities analysts anticipate that Sterling Infrastructure, Inc. will post 18.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sterling Infrastructure

Several institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC purchased a new position in Sterling Infrastructure in the first quarter valued at about $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Sterling Infrastructure by 12.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company’s stock worth $9,508,000 after purchasing an additional 9,625 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of Sterling Infrastructure by 13.7% in the 1st quarter. Focus Partners Wealth now owns 2,313 shares of the construction company’s stock worth $262,000 after purchasing an additional 279 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in Sterling Infrastructure in the second quarter valued at approximately $5,929,000. Finally, Cerity Partners LLC lifted its stake in Sterling Infrastructure by 195.7% in the second quarter. Cerity Partners LLC now owns 19,522 shares of the construction company’s stock valued at $4,504,000 after purchasing an additional 12,921 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on STRL. Argus started coverage on shares of Sterling Infrastructure in a research report on Thursday, April 16th. They set a “buy” rating and a $510.00 price target on the stock. Oppenheimer began coverage on shares of Sterling Infrastructure in a research report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price objective for the company. Wall Street Zen upgraded shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 20th. KeyCorp lifted 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, Weiss Ratings downgraded Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat.com, Sterling Infrastructure currently 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.