AdvisorShares Investments LLC Invests $298,000 in Sterling Infrastructure, Inc. $STRL

AdvisorShares Investments LLC purchased a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 732 shares of the construction company’s stock, valued at approximately $298,000.

Other institutional investors have also recently added to or reduced their stakes in the company. World Investment Advisors raised its stake in Sterling Infrastructure by 2.4% during the 1st quarter. World Investment Advisors now owns 870 shares of the construction company’s stock valued at $354,000 after acquiring an additional 20 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of Sterling Infrastructure by 3.6% in the 1st quarter. Ritholtz Wealth Management now owns 686 shares of the construction company’s stock valued at $279,000 after purchasing an additional 24 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Sterling Infrastructure by 33.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock valued at $33,000 after purchasing an additional 27 shares during the period. Root Financial Partners LLC increased its holdings in shares of Sterling Infrastructure by 28.0% in the first quarter. Root Financial Partners LLC now owns 128 shares of the construction company’s stock valued at $52,000 after purchasing an additional 28 shares during the period. Finally, CENTRAL TRUST Co raised its stake in shares of Sterling Infrastructure by 7.9% during the fourth quarter. CENTRAL TRUST Co now owns 397 shares of the construction company’s stock worth $122,000 after purchasing an additional 29 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insider Buying and Selling at Sterling Infrastructure

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Joseph A. Cutillo sold 50,000 shares of the company’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following the transaction, the chief executive officer directly owned 290,593 shares in the company, valued at approximately $144,590,359.01. This trade represents a 14.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is currently owned by insiders.

Sterling Infrastructure Price Performance

STRL opened at $700.75 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 1.10. Sterling Infrastructure, Inc. has a 12 month low of $225.46 and a 12 month high of $1,005.68. The stock has a market capitalization of $21.51 billion, a P/E ratio of 62.68, a P/E/G ratio of 2.55 and a beta of 1.83. The business has a 50 day simple moving average of $791.76 and a 200-day simple moving average of $530.31.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $1.30. The firm had revenue of $825.67 million for the quarter, compared to analyst estimates 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 prior year, the company posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, equities analysts anticipate that Sterling Infrastructure, Inc. will post 18.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on STRL shares. KeyCorp increased their price target on Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Oppenheimer started coverage on shares of Sterling Infrastructure in a research note on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price objective on the stock. 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. Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 1st. Finally, Argus began coverage on shares of Sterling Infrastructure in a report on Thursday, April 16th. They issued a “buy” rating and a $510.00 target price on the stock. One investment 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, Sterling Infrastructure has a consensus rating of “Buy” and an average target price of $720.67.

Sterling Infrastructure Company 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.