Geneva Partners LLC Sells 13,765 Shares of Sterling Infrastructure, Inc. $STRL

Geneva Partners LLC decreased its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 68.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 6,230 shares of the construction company’s stock after selling 13,765 shares during the period. Geneva Partners LLC’s holdings in Sterling Infrastructure were worth $3,064,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wellington Shields & Co. LLC bought a new stake in shares of Sterling Infrastructure during the second quarter valued at approximately $29,000. Persistent Asset Partners Ltd purchased a new stake in shares of Sterling Infrastructure in the second quarter valued at approximately $40,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Sterling Infrastructure by 100.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 60 shares of the construction company’s stock valued at $50,000 after purchasing an additional 30 shares during the period. TD Waterhouse Canada Inc. grew its stake in Sterling Infrastructure by 35.7% in the second quarter. TD Waterhouse Canada Inc. now owns 76 shares of the construction company’s stock worth $59,000 after purchasing an additional 20 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Sterling Infrastructure by 43.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company’s stock worth $66,000 after purchasing an additional 24 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Price Performance

Shares of STRL opened at $360.72 on Tuesday. The company has a 50 day moving average price of $487.29 and a 200-day moving average price of $548.57. Sterling Infrastructure, Inc. has a fifty-two week low of $281.58 and a fifty-two week high of $1,005.68. The stock has a market capitalization of $11.03 billion, a PE ratio of 26.01, a PEG ratio of 1.24 and a beta of 1.86. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.11.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data 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 company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The firm’s revenue was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. Equities analysts predict that Sterling Infrastructure, Inc. will post 19.10 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the company. Weiss Ratings downgraded Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 9th. KeyCorp lifted their target price on Sterling Infrastructure from $754.00 to $755.00 and gave the company an “overweight” rating in a research report on Thursday, October 15th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $742.00 target price on shares of Sterling Infrastructure in a report on Wednesday, October 14th. Wall Street Zen downgraded Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Finally, DA Davidson began coverage on Sterling Infrastructure in a research report on Friday, August 21st. They set a “buy” rating and a $700.00 price target on the stock. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $733.17.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc is a U.S.-based infrastructure services company that provides construction and specialty contracting solutions through three principal business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.

Its E-Infrastructure Solutions segment supports the development of data centers, advanced manufacturing facilities, energy and power infrastructure, and other large-scale industrial projects. Transportation Solutions provides construction and rehabilitation services for highways, roads, bridges, airports, rail and transit systems, and related public infrastructure.