GW&K Investment Management LLC Lowers Position in Sterling Infrastructure, Inc. $STRL

GW&K Investment Management LLC trimmed its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 32.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 268,151 shares of the construction company’s stock after selling 125,994 shares during the quarter. Sterling Infrastructure comprises about 0.8% of GW&K Investment Management LLC’s holdings, making the stock its 20th largest position. GW&K Investment Management LLC’s holdings in Sterling Infrastructure were worth $91,086,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in STRL. Root Financial Partners LLC purchased a new stake in shares of Sterling Infrastructure in the 3rd quarter valued at about $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Sterling Infrastructure in the third quarter worth approximately $28,000. Fifth Third Bancorp raised its stake in Sterling Infrastructure by 76.1% in the third quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock valued at $28,000 after purchasing an additional 35 shares in the last quarter. Bogart Wealth LLC lifted its position in Sterling Infrastructure by 535.7% during the third quarter. Bogart Wealth LLC now owns 89 shares of the construction company’s stock valued at $30,000 after purchasing an additional 75 shares during the last quarter. Finally, Optiver Holding B.V. grew its stake in Sterling Infrastructure by 108.2% in the 3rd quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock worth $35,000 after buying an additional 53 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Dwayne Andree Wilson sold 2,860 shares of Sterling Infrastructure stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $350.00, for a total transaction of $1,001,000.00. Following the sale, the director owned 14,749 shares of the company’s stock, valued at approximately $5,162,150. The trade was a 16.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dana C. O’brien sold 2,000 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $410.00, for a total transaction of $820,000.00. Following the transaction, the director owned 11,498 shares in the company, valued at $4,714,180. This represents a 14.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 6,860 shares of company stock worth $2,611,000. Insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. DA Davidson increased their price target on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Zacks Research lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Stifel Nicolaus set a $486.00 price target on Sterling Infrastructure and gave the company a “buy” rating in a research report on Wednesday, February 11th. Weiss Ratings raised Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Finally, Cantor Fitzgerald upped their price objective on Sterling Infrastructure from $413.00 to $482.00 and gave the stock an “overweight” rating in a report on Monday. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $489.33.

Sterling Infrastructure Stock Performance

Shares of STRL stock opened at $420.22 on Thursday. The company has a market capitalization of $12.88 billion, a P/E ratio of 44.85, a PEG ratio of 2.37 and a beta of 1.48. Sterling Infrastructure, Inc. has a fifty-two week low of $96.34 and a fifty-two week high of $477.03. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a 50 day moving average price of $372.40 and a two-hundred day moving average price of $347.02.

Sterling Infrastructure (NASDAQ:STRL) last posted its earnings results on Wednesday, February 25th. The construction company reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.45. Sterling Infrastructure had a net margin of 11.65% and a return on equity of 32.82%. The company had revenue of $755.61 million during the quarter, compared to analyst estimates of $639.41 million. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. Analysts expect that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current year.

Sterling Infrastructure declared that its board has authorized a share repurchase program on Wednesday, November 12th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the construction company to buy up to 3.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.

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.