VIRGINIA RETIREMENT SYSTEMS ET Al Acquires 630 Shares of Sterling Infrastructure, Inc. $STRL

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 6.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,023 shares of the construction company’s stock after acquiring an additional 630 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Sterling Infrastructure were worth $3,376,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. UMB Bank n.a. boosted its stake in shares of Sterling Infrastructure by 27.5% during the 3rd quarter. UMB Bank n.a. now owns 130 shares of the construction company’s stock worth $44,000 after acquiring an additional 28 shares during the period. CENTRAL TRUST Co boosted its stake 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 period. Fifth Third Bancorp boosted its stake in Sterling Infrastructure by 76.1% in 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 period. Richardson Financial Services Inc. boosted its stake in Sterling Infrastructure by 22.6% in the 3rd quarter. Richardson Financial Services Inc. now owns 233 shares of the construction company’s stock valued at $79,000 after purchasing an additional 43 shares during the period. Finally, Ballentine Partners LLC boosted its stake in Sterling Infrastructure by 6.9% in the 4th quarter. Ballentine Partners LLC now owns 686 shares of the construction company’s stock valued at $210,000 after purchasing an additional 44 shares during the period. 80.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. KeyCorp boosted their price target on Sterling Infrastructure from $572.00 to $889.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Zacks Research downgraded Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Cantor Fitzgerald boosted their price target on Sterling Infrastructure from $482.00 to $956.00 and gave the company an “overweight” rating in a research note on Monday. Stifel Nicolaus set a $486.00 price target on Sterling Infrastructure and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, DA Davidson boosted their price target on Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Sterling Infrastructure has a consensus rating of “Moderate Buy” and a consensus target price of $668.20.

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL opened at $889.03 on Friday. The stock has a market capitalization of $27.28 billion, a PE ratio of 79.52, a P/E/G ratio of 3.16 and a beta of 1.64. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 1.10. The business has a fifty day moving average price of $502.52 and a two-hundred day moving average price of $409.00. Sterling Infrastructure, Inc. has a fifty-two week low of $176.15 and a fifty-two week high of $893.13.

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, beating the consensus estimate of $2.29 by $1.30. The firm had revenue of $825.68 million during the quarter, compared to analysts’ expectations 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 previous year, the firm earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, equities analysts predict that Sterling Infrastructure, Inc. will post 18.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 50,000 shares of Sterling Infrastructure stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total value of $24,878,500.00. Following the completion of the transaction, the chief executive officer directly owned 290,593 shares of the company’s stock, valued at $144,590,359.01. The trade was a 14.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is owned by corporate insiders.

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.