Prevail Innovative Wealth Advisors LLC Purchases 8,145 Shares of Sterling Infrastructure, Inc. $STRL

Prevail Innovative Wealth Advisors LLC grew its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 109.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,581 shares of the construction company’s stock after purchasing an additional 8,145 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in Sterling Infrastructure were worth $4,771,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new position in shares of Sterling Infrastructure in the third quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Sterling Infrastructure in the third quarter valued at approximately $28,000. Fifth Third Bancorp increased its stake in shares of Sterling Infrastructure by 76.1% in the third quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock valued at $28,000 after buying an additional 35 shares during the period. Rakuten Securities Inc. increased its stake in shares of Sterling Infrastructure by 6,950.0% in the second quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock valued at $33,000 after buying an additional 139 shares during the period. Finally, Optiver Holding B.V. increased its stake in shares of Sterling Infrastructure by 108.2% in the third quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock valued at $35,000 after buying an additional 53 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Price Performance

Sterling Infrastructure stock opened at $752.00 on Thursday. The stock’s 50 day moving average is $532.01 and its 200 day moving average is $419.99. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market cap of $23.08 billion, a P/E ratio of 67.26, a P/E/G ratio of 2.70 and a beta of 1.64. Sterling Infrastructure, Inc. has a one year low of $176.15 and a one year high of $893.13.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $1.30. The company had revenue of $825.68 million for the quarter, compared to analyst estimates of $603.58 million. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.During the same period in the previous year, the firm earned $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, research analysts expect that Sterling Infrastructure, Inc. will post 18.01 EPS for the current year.

Wall Street Analysts Forecast Growth

STRL has been the subject of several recent research reports. Stifel Nicolaus set a $486.00 price objective on Sterling Infrastructure and gave the company a “buy” rating in a research note on Wednesday, February 11th. Weiss Ratings downgraded Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. Cantor Fitzgerald upped their price objective on Sterling Infrastructure from $482.00 to $956.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. KeyCorp upped their price objective on Sterling Infrastructure from $572.00 to $889.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, DA Davidson upped their price objective on Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $668.20.

Insider Activity at Sterling Infrastructure

In related news, CEO Joseph A. Cutillo sold 50,000 shares of Sterling Infrastructure stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total value of $24,878,500.00. Following the transaction, the chief executive officer directly owned 290,593 shares of the company’s stock, valued at $144,590,359.01. The trade was a 14.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is currently owned by corporate insiders.

Sterling Infrastructure Company 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.