Ameritas Advisory Services LLC Invests $650,000 in Sterling Infrastructure, Inc. $STRL

Ameritas Advisory Services LLC bought a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 2,122 shares of the construction company’s stock, valued at approximately $650,000.

A number of other large investors have also recently made changes to their positions in STRL. State Street Corp grew its holdings in Sterling Infrastructure by 62.0% during the 2nd quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock valued at $261,129,000 after purchasing an additional 433,311 shares during the last quarter. American Century Companies Inc. grew its holdings in Sterling Infrastructure by 84.6% during the 3rd quarter. American Century Companies Inc. now owns 654,096 shares of the construction company’s stock valued at $222,184,000 after purchasing an additional 299,724 shares during the last quarter. First Trust Advisors LP grew its holdings in Sterling Infrastructure by 83.5% during the 3rd quarter. First Trust Advisors LP now owns 606,236 shares of the construction company’s stock valued at $205,926,000 after purchasing an additional 275,830 shares during the last quarter. Invesco Ltd. grew its holdings in Sterling Infrastructure by 29.8% during the 3rd quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock valued at $324,526,000 after purchasing an additional 219,477 shares during the last quarter. Finally, Capital Research Global Investors grew its holdings in Sterling Infrastructure by 104.1% during the 3rd quarter. Capital Research Global Investors now owns 364,830 shares of the construction company’s stock valued at $123,925,000 after purchasing an additional 186,122 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sterling Infrastructure

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total value of $24,878,500.00. Following the completion of the sale, the chief executive officer owned 290,593 shares of the company’s stock, valued at approximately $144,590,359.01. This represents a 14.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 28th. KeyCorp upped their price target on shares of Sterling Infrastructure from $572.00 to $889.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Weiss Ratings downgraded shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Cantor Fitzgerald upped their price target on shares of Sterling Infrastructure from $482.00 to $956.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Finally, Stifel Nicolaus set a $486.00 price target on shares of Sterling Infrastructure and gave the company a “buy” rating in a report on Wednesday, February 11th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Sterling Infrastructure currently has a consensus rating of “Moderate Buy” and a consensus price target of $668.20.

Sterling Infrastructure Price Performance

Shares of STRL opened at $848.84 on Friday. The company has a 50 day moving average price of $511.09 and a 200-day moving average price of $412.07. Sterling Infrastructure, Inc. has a fifty-two week low of $176.15 and a fifty-two week high of $893.13. The stock has a market capitalization of $26.05 billion, a PE ratio of 75.92, a PEG ratio of 3.14 and a beta of 1.64. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.10.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share for the quarter, topping the consensus estimate of $2.29 by $1.30. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. The firm had revenue of $825.68 million during the quarter, compared to analysts’ expectations of $603.58 million. During the same quarter in the prior year, the company earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Equities analysts predict that Sterling Infrastructure, Inc. will post 18.01 earnings per share for the current fiscal year.

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.