Gilpin Wealth Management LLC Takes $217,000 Position in Sterling Infrastructure, Inc. $STRL

Gilpin Wealth Management LLC acquired a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 710 shares of the construction company’s stock, valued at approximately $217,000.

Other large investors also recently modified their holdings of the company. Fifth Third Bancorp grew its stake in shares of 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. Optiver Holding B.V. grew its stake in shares of Sterling Infrastructure by 108.2% in the 3rd quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock valued at $35,000 after purchasing an additional 53 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Sterling Infrastructure by 316.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 104 shares of the construction company’s stock valued at $35,000 after purchasing an additional 79 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Sterling Infrastructure by 33.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock valued at $33,000 after purchasing an additional 27 shares during the period. Finally, USA Financial Formulas bought a new stake in shares of Sterling Infrastructure in the 4th quarter valued at approximately $40,000. 80.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

STRL has been the topic of several analyst reports. Cantor Fitzgerald upped their price objective on Sterling Infrastructure from $482.00 to $956.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Stifel Nicolaus set a $486.00 price objective on Sterling Infrastructure and gave the company a “buy” rating in a research note on Wednesday, February 11th. KeyCorp upped their price objective on Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Wall Street Zen lowered Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 31st. Finally, Argus initiated coverage on Sterling Infrastructure in a research note on Thursday, April 16th. They issued a “buy” rating and a $510.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $720.67.

Sterling Infrastructure Stock Down 8.5%

Shares of STRL opened at $770.25 on Thursday. The company has a market capitalization of $23.64 billion, a P/E ratio of 68.90, a PEG ratio of 3.08 and a beta of 1.82. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 1.10. Sterling Infrastructure, Inc. has a one year low of $196.76 and a one year high of $1,005.68. The business’s 50 day simple moving average is $657.09 and its 200-day simple moving average is $469.78.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, topping the consensus estimate of $2.29 by $1.30. The business had revenue of $825.68 million for the quarter, compared to the consensus estimate 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 business earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, sell-side analysts predict that Sterling Infrastructure, Inc. will post 18.22 EPS for the current fiscal year.

Insider Activity at Sterling Infrastructure

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the business’s stock in a transaction that occurred 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 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 through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is owned by insiders.

Sterling Infrastructure 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.