Swiss Life Asset Management Ltd Makes New Investment in Sterling Infrastructure, Inc. $STRL

Swiss Life Asset Management Ltd bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,370 shares of the construction company’s stock, valued at approximately $465,000.

Several other hedge funds have also made changes to their positions in STRL. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Sterling Infrastructure during the 2nd quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new stake in Sterling Infrastructure in the third quarter valued at $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Sterling Infrastructure in the 3rd quarter valued at $28,000. Fifth Third Bancorp grew its holdings in shares of Sterling Infrastructure by 76.1% during the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock worth $28,000 after purchasing an additional 35 shares during the period. Finally, Bogart Wealth LLC increased its position in shares of Sterling Infrastructure by 535.7% during the 3rd quarter. Bogart Wealth LLC now owns 89 shares of the construction company’s stock worth $30,000 after purchasing an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Price Performance

STRL stock opened at $446.16 on Wednesday. The business’s 50-day moving average is $401.09 and its two-hundred day moving average is $360.54. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $13.67 billion, a P/E ratio of 47.62, a P/E/G ratio of 2.20 and a beta of 1.48. Sterling Infrastructure, Inc. has a 1 year low of $96.34 and a 1 year high of $477.03.

Sterling Infrastructure (NASDAQ:STRL) last released 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. The firm had revenue of $755.61 million for the quarter, compared to analyst estimates of $639.41 million. Sterling Infrastructure had a net margin of 11.65% and a return on equity of 32.82%. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. Analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on STRL shares. Wall Street Zen raised shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 7th. DA Davidson boosted their price target on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Stifel Nicolaus set a $486.00 price objective on shares of Sterling Infrastructure and gave the stock a “buy” rating in a report on Wednesday, February 11th. Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 4th. Finally, Weiss Ratings upgraded shares of Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $489.33.

Insiders Place Their Bets

In other Sterling Infrastructure news, Director Dwayne Andree Wilson sold 2,860 shares of the firm’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $350.00, for a total value of $1,001,000.00. Following the sale, the director directly owned 14,749 shares in the company, valued at $5,162,150. This trade represents a 16.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dana C. O’brien sold 2,000 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $410.00, for a total value of $820,000.00. Following the transaction, the director directly owned 11,498 shares of the company’s stock, valued at approximately $4,714,180. This represents a 14.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 6,860 shares of company stock worth $2,611,000 over the last 90 days. Company insiders own 2.70% of the company’s stock.

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.