Sterling Infrastructure (NASDAQ:STRL) CEO Joseph Cutillo Sells 50,000 Shares

Sterling Infrastructure, Inc. (NASDAQ:STRL) CEO Joseph Cutillo sold 50,000 shares of Sterling Infrastructure stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $453.48, for a total transaction of $22,674,000.00. Following the completion of the sale, the chief executive officer owned 340,593 shares in the company, valued at approximately $154,452,113.64. This represents a 12.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Sterling Infrastructure Stock Up 1.0%

Shares of STRL stock opened at $420.24 on Friday. The company’s fifty day simple moving average is $406.74 and its two-hundred day simple moving average is $363.02. Sterling Infrastructure, Inc. has a 52 week low of $96.34 and a 52 week high of $477.03. The stock has a market cap of $12.89 billion, a P/E ratio of 44.85, a PEG ratio of 2.18 and a beta of 1.48. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.25.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data on Wednesday, February 25th. The construction company reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.45. Sterling Infrastructure had a return on equity of 32.82% and a net margin of 11.65%.The firm 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 predict that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of STRL. Root Financial Partners LLC bought a new stake in shares of Sterling Infrastructure in the 3rd quarter worth about $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Sterling Infrastructure during the 3rd quarter worth about $28,000. Fifth Third Bancorp grew its holdings in Sterling Infrastructure by 76.1% during the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock valued at $28,000 after purchasing an additional 35 shares during the last quarter. Bogart Wealth LLC grew its holdings in Sterling Infrastructure by 535.7% during the 3rd 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, Kemnay Advisory Services Inc. purchased a new stake in Sterling Infrastructure in the 4th quarter worth about $31,000. Institutional investors own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.