Danske Bank A S Has $20.93 Million Stake in Sterling Infrastructure, Inc. $STRL

Danske Bank A S lowered its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 46.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,940 shares of the construction company’s stock after selling 21,509 shares during the quarter. Danske Bank A S’s holdings in Sterling Infrastructure were worth $20,934,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in STRL. Signature Equity Partners LLC grew its holdings in shares of Sterling Infrastructure by 19.5% during the 1st quarter. Signature Equity Partners LLC now owns 104 shares of the construction company’s stock valued at $42,000 after purchasing an additional 17 shares during the last quarter. World Investment Advisors lifted its stake in Sterling Infrastructure by 2.4% in the 1st quarter. World Investment Advisors now owns 870 shares of the construction company’s stock valued at $354,000 after purchasing an additional 20 shares during the last quarter. Ritholtz Wealth Management lifted its stake in Sterling Infrastructure by 3.6% in the 1st quarter. Ritholtz Wealth Management now owns 686 shares of the construction company’s stock valued at $279,000 after purchasing an additional 24 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Sterling Infrastructure by 33.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock valued at $33,000 after buying an additional 27 shares in the last quarter. Finally, Root Financial Partners LLC boosted its position in Sterling Infrastructure by 28.0% in the first quarter. Root Financial Partners LLC now owns 128 shares of the construction company’s stock valued at $52,000 after buying an additional 28 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Trading Down 2.6%

STRL opened at $520.53 on Friday. Sterling Infrastructure, Inc. has a fifty-two week low of $266.13 and a fifty-two week high of $1,005.68. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $15.92 billion, a price-to-earnings ratio of 37.53, a PEG ratio of 1.86 and a beta of 1.88. The company’s 50 day moving average price is $681.96 and its two-hundred day moving average price is $597.80.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.01 by $0.79. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The business’s revenue was up 90.4% compared to the same quarter last year. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. As a group, research analysts predict that Sterling Infrastructure, Inc. will post 19.11 earnings per share for the current year.

Insider Buying and Selling

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $888.00, for a total value of $2,220,000.00. Following the sale, the general counsel owned 28,137 shares in the company, valued at approximately $24,985,656. The trade was a 8.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

STRL has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 16th. Weiss Ratings downgraded Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. DA Davidson set a $700.00 price objective on Sterling Infrastructure in a research report on Thursday. Cantor Fitzgerald lowered their target price on Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Finally, Oppenheimer began coverage on Sterling Infrastructure in a research report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $690.33.

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.