Sterling Infrastructure, Inc. $STRL Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 120.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 6,690 shares of the construction company’s stock after purchasing an additional 3,657 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Sterling Infrastructure were worth $3,290,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Center for Financial Planning Inc. purchased a new position in shares of Sterling Infrastructure in the third quarter worth approximately $97,000. Park Avenue Securities LLC increased its holdings in Sterling Infrastructure by 1.3% during the third quarter. Park Avenue Securities LLC now owns 5,923 shares of the construction company’s stock valued at $2,913,000 after buying an additional 78 shares during the last quarter. Segment Wealth Management LLC increased its holdings in Sterling Infrastructure by 16.9% during the third quarter. Segment Wealth Management LLC now owns 4,751 shares of the construction company’s stock valued at $2,336,000 after buying an additional 688 shares during the last quarter. Peterson Wealth Services raised its position in Sterling Infrastructure by 10.3% in the third quarter. Peterson Wealth Services now owns 5,155 shares of the construction company’s stock worth $2,535,000 after acquiring an additional 481 shares during the period. Finally, Live Oak Investment Partners raised its position in Sterling Infrastructure by 0.9% in the third quarter. Live Oak Investment Partners now owns 3,862 shares of the construction company’s stock worth $1,899,000 after acquiring an additional 33 shares during the period. Institutional investors own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on STRL. Stifel Nicolaus dropped their price target on shares of Sterling Infrastructure from $804.00 to $742.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. KeyCorp upped their price objective on Sterling Infrastructure from $754.00 to $755.00 and gave the stock an “overweight” rating in a research note on Thursday, October 15th. Weiss Ratings cut Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 9th. Wall Street Zen cut Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 5th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $742.00 target price on shares of Sterling Infrastructure in a research report on Thursday. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $729.83.

Sterling Infrastructure Price Performance

NASDAQ STRL opened at $345.91 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. Sterling Infrastructure, Inc. has a 12 month low of $281.58 and a 12 month high of $1,005.68. The stock has a market cap of $10.58 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 1.30 and a beta of 1.86. The company’s 50 day moving average is $472.54 and its two-hundred day moving average is $549.83.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings results on Wednesday, October 28th. The construction company reported $7.58 earnings per share for the quarter, topping analysts’ consensus estimates of $6.20 by $1.38. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.19 billion. Sterling Infrastructure had a net margin of 12.85% and a return on equity of 45.97%. Sterling Infrastructure’s revenue was up 127.0% on a year-over-year basis. As a group, research analysts anticipate that Sterling Infrastructure, Inc. will post 19.10 earnings per share for the current year.

Key Sterling Infrastructure News

Here are the key news stories impacting Sterling Infrastructure this week:

• Positive Sentiment: Record Q3 results exceeded expectations. Third-quarter revenue surged 127% year over year to $1.56 billion, while earnings reached $7.58 per share versus the $6.20 consensus estimate. Growth was driven largely by the company’s E-Infrastructure segment and strong data-center demand. Sterling Reports Record Third Quarter Results and Raises Full Year 2026 Guidance
• Positive Sentiment: Full-year 2026 guidance was raised well above analyst expectations. Sterling now expects adjusted EPS of $21.70-$21.96, compared with consensus of $19.84, and revenue of $4.6 billion-$4.7 billion versus the $4.1 billion consensus. Management cited electrical infrastructure growth, data centers and a nearly $8 billion work pipeline. STRL Q3 Earnings Call Highlights Multiyear Growth Opportunities
• Positive Sentiment: Analysts remain broadly bullish. Cantor Fitzgerald reaffirmed its overweight rating with a $742 price target, while DA Davidson maintained a buy rating and set a $680 target. These targets imply substantial potential upside if Sterling meets its growth outlook.
• Neutral Sentiment: The backlog provides visibility but requires scrutiny. Combined backlog stood at approximately $6.14 billion, supporting the multiyear growth narrative. However, commentary indicates signed backlog and the near-term pipeline are softer than the headline work-pipeline figure, creating uncertainty over the timing of future revenue. Sterling Grows 127% as Signed Backlog Dips
• Negative Sentiment: Investors are focused on execution and mix risks. Housing-related headwinds, shifting margin mix and questions about converting the pipeline into signed projects appear to be offsetting the earnings beat. DA Davidson’s target reduction from $700 to $680, despite retaining a buy rating, may also reinforce near-term caution.

About Sterling Infrastructure

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.