Money Concepts Capital Corp Trims Position in Sterling Infrastructure, Inc. $STRL

Money Concepts Capital Corp lowered its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 62.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 517 shares of the construction company’s stock after selling 878 shares during the quarter. Money Concepts Capital Corp’s holdings in Sterling Infrastructure were worth $211,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its holdings in Sterling Infrastructure by 62.0% in the 2nd quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock valued at $261,129,000 after acquiring an additional 433,311 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Sterling Infrastructure by 29.8% during the third quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock worth $324,526,000 after purchasing an additional 219,477 shares during the last quarter. First Trust Advisors LP grew its position in shares of Sterling Infrastructure by 13.8% in the fourth quarter. First Trust Advisors LP now owns 689,942 shares of the construction company’s stock valued at $211,281,000 after purchasing an additional 83,706 shares during the period. Janus Henderson Group PLC increased its stake in Sterling Infrastructure by 3.7% in the fourth quarter. Janus Henderson Group PLC now owns 575,886 shares of the construction company’s stock valued at $176,331,000 after purchasing an additional 20,299 shares during the last quarter. Finally, UBS Group AG increased its stake in Sterling Infrastructure by 45.4% in the third quarter. UBS Group AG now owns 483,864 shares of the construction company’s stock valued at $164,359,000 after purchasing an additional 151,146 shares during the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sterling Infrastructure

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total value of $2,220,000.00. Following the completion of the sale, the general counsel owned 28,137 shares of the company’s stock, valued at $24,985,656. This represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joseph A. Cutillo sold 50,000 shares of the firm’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following the completion of the transaction, the chief executive officer directly owned 290,593 shares in the company, valued at approximately $144,590,359.01. This represents a 14.68% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is owned by corporate insiders.

Sterling Infrastructure Stock Performance

NASDAQ STRL opened at $660.04 on Tuesday. 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 1-year low of $230.00 and a 1-year high of $1,005.68. The firm has a market capitalization of $20.26 billion, a P/E ratio of 59.04, a P/E/G ratio of 2.48 and a beta of 1.83. The business’s 50-day simple moving average is $814.68 and its 200-day simple moving average is $546.22.

Sterling Infrastructure (NASDAQ:STRL) last posted its earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 $825.67 million during the quarter, compared to the consensus estimate 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 18.35 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Weiss Ratings upgraded Sterling Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, June 1st. Argus began coverage on shares of Sterling Infrastructure in a research report on Thursday, April 16th. They issued a “buy” rating and a $510.00 target price on the stock. KeyCorp boosted their target price on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. Finally, Oppenheimer initiated coverage on shares of Sterling Infrastructure in a research report on Thursday, May 28th. They set an “outperform” rating and a $950.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Sterling Infrastructure currently has an average rating of “Buy” and an average price target of $720.67.

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.