Sterling Infrastructure, Inc. $STRL Shares Sold by MRP Capital Investments LLC

MRP Capital Investments LLC cut its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 12.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,275 shares of the construction company’s stock after selling 1,500 shares during the period. Sterling Infrastructure accounts for 2.7% of MRP Capital Investments LLC’s holdings, making the stock its 6th largest position. MRP Capital Investments LLC’s holdings in Sterling Infrastructure were worth $3,490,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in STRL. JPMorgan Chase & Co. lifted its stake in shares of Sterling Infrastructure by 8.3% in the second quarter. JPMorgan Chase & Co. now owns 122,623 shares of the construction company’s stock worth $28,293,000 after buying an additional 9,374 shares in the last quarter. Frontier Capital Management Co. LLC purchased a new stake in Sterling Infrastructure during the 2nd quarter valued at about $35,931,000. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in Sterling Infrastructure by 76.4% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 10,393 shares of the construction company’s stock valued at $3,530,000 after acquiring an additional 4,500 shares during the last quarter. Emerald Advisers LLC lifted its stake in Sterling Infrastructure by 50.3% in the 3rd quarter. Emerald Advisers LLC now owns 82,582 shares of the construction company’s stock worth $28,051,000 after purchasing an additional 27,627 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Sterling Infrastructure by 66.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,601 shares of the construction company’s stock worth $831,000 after purchasing an additional 1,443 shares during the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Sterling Infrastructure Stock Performance

NASDAQ STRL opened at $421.23 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $12.91 billion, a P/E ratio of 44.96, a P/E/G ratio of 2.21 and a beta of 1.48. The stock has a 50-day moving average of $391.75 and a two-hundred day moving average of $355.93. Sterling Infrastructure, Inc. has a 1-year low of $96.34 and a 1-year high of $477.03.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings results on Wednesday, February 25th. The construction company reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.45. Sterling Infrastructure had a net margin of 11.65% and a return on equity of 32.82%. The business had revenue of $755.61 million for the quarter, compared to analysts’ expectations of $639.41 million. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. As a group, analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 EPS for the current year.

Insiders Place Their Bets

In other Sterling Infrastructure news, Director Dwayne Andree Wilson sold 2,860 shares of the company’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $350.00, for a total transaction of $1,001,000.00. Following the sale, the director owned 14,749 shares in the company, valued at $5,162,150. This represents a 16.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dana C. O’brien sold 2,000 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $410.00, for a total value of $820,000.00. Following the completion of the sale, the director directly owned 11,498 shares in the company, valued at $4,714,180. This represents a 14.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,860 shares of company stock worth $2,611,000 in the last ninety days. Corporate insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Weiss Ratings raised Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. DA Davidson upped their target price on Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a report on Friday, February 27th. Wall Street Zen raised Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 7th. Stifel Nicolaus set a $486.00 price target on Sterling Infrastructure and gave the stock a “buy” rating in a report on Wednesday, February 11th. Finally, Cantor Fitzgerald upped their price objective on shares of Sterling Infrastructure from $413.00 to $482.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to MarketBeat, Sterling Infrastructure has an average rating of “Buy” and an average price target of $489.33.

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.