Sterling Infrastructure, Inc. $STRL Shares Sold by Emerald Investment Advisers LLC

Emerald Investment Advisers LLC reduced its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 46.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 11,205 shares of the construction company’s stock after selling 9,657 shares during the period. Emerald Investment Advisers LLC’s holdings in Sterling Infrastructure were worth $9,405,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Empowered Funds LLC acquired a new position in shares of Sterling Infrastructure during the 1st quarter valued at $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Sterling Infrastructure by 12.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company’s stock valued at $9,508,000 after purchasing an additional 9,625 shares in the last quarter. Focus Partners Wealth increased its holdings in Sterling Infrastructure by 13.7% in the 1st quarter. Focus Partners Wealth now owns 2,313 shares of the construction company’s stock valued at $262,000 after purchasing an additional 279 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Sterling Infrastructure in the second quarter valued at about $5,929,000. Finally, Cerity Partners LLC raised its position in Sterling Infrastructure by 195.7% in the second quarter. Cerity Partners LLC now owns 19,522 shares of the construction company’s stock valued at $4,504,000 after purchasing an additional 12,921 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insider Buying and Selling

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the 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 completion of the transaction, the general counsel owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. This represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on STRL. KeyCorp decreased their target price on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Wall Street Zen downgraded Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 16th. Oppenheimer started coverage on Sterling Infrastructure in a report on Thursday, May 28th. They set an “outperform” rating and a $950.00 target price on the stock. Zacks Research lowered Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Finally, DA Davidson initiated coverage on Sterling Infrastructure in a report on Thursday. They issued a “buy” rating and a $700.00 price target for the company. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $690.33.

Sterling Infrastructure Stock Performance

Shares of STRL stock opened at $516.81 on Friday. Sterling Infrastructure, Inc. has a 12 month low of $266.13 and a 12 month 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 $15.81 billion, a P/E ratio of 37.26, a P/E/G ratio of 1.81 and a beta of 1.88. The company’s fifty day moving average price is $675.12 and its two-hundred day moving average price is $597.24.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.01 by $0.79. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $969.22 million. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The firm’s quarterly 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. On average, research analysts anticipate that Sterling Infrastructure, Inc. will post 19.15 earnings per share for the current fiscal year.

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.