Sterling Infrastructure, Inc. $STRL Shares Bought by Ascentis Independent Advisors

Ascentis Independent Advisors increased its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 82.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,511 shares of the construction company’s stock after acquiring an additional 1,136 shares during the quarter. Ascentis Independent Advisors’ holdings in Sterling Infrastructure were worth $1,023,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. World Investment Advisors grew its holdings in shares of Sterling Infrastructure by 2.4% during the 1st quarter. World Investment Advisors now owns 870 shares of the construction company’s stock worth $354,000 after purchasing an additional 20 shares during the period. Ritholtz Wealth Management lifted its holdings 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 worth $279,000 after acquiring an additional 24 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Sterling Infrastructure by 33.8% during 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. Root Financial Partners LLC boosted its position in shares of Sterling Infrastructure by 28.0% during the 1st quarter. Root Financial Partners LLC now owns 128 shares of the construction company’s stock worth $52,000 after purchasing an additional 28 shares during the period. Finally, CENTRAL TRUST Co increased its holdings in Sterling Infrastructure by 7.9% in the 4th quarter. CENTRAL TRUST Co now owns 397 shares of the construction company’s stock valued at $122,000 after purchasing an additional 29 shares during the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Sterling Infrastructure Trading Down 6.0%

NASDAQ:STRL opened at $674.39 on Wednesday. Sterling Infrastructure, Inc. has a 1 year low of $225.46 and a 1 year high of $1,005.68. The stock has a market cap of $20.70 billion, a P/E ratio of 60.32, a P/E/G ratio of 2.61 and a beta of 1.83. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a 50-day simple moving average of $799.73 and a 200-day simple moving average of $535.86.

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, beating analysts’ consensus estimates of $2.29 by $1.30. The firm 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 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. As a group, analysts anticipate that Sterling Infrastructure, Inc. will post 18.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Sterling Infrastructure

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total value of $2,220,000.00. Following the completion of the sale, the general counsel directly owned 28,137 shares of the company’s stock, valued at $24,985,656. The trade was a 8.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the chief executive officer directly owned 290,593 shares of the company’s stock, valued at approximately $144,590,359.01. This trade represents a 14.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Cantor Fitzgerald reissued an “overweight” rating on shares of Sterling Infrastructure in a research report on Thursday, June 18th. KeyCorp lifted their price objective on Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Wall Street Zen downgraded Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday. Argus began coverage on Sterling Infrastructure in a report on Thursday, April 16th. They set a “buy” rating and a $510.00 target price for the company. Finally, Weiss Ratings upgraded shares of Sterling Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to data from MarketBeat.com, the stock 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.