Sterling Infrastructure, Inc. $STRL Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 27.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 15,538 shares of the construction company’s stock after selling 5,999 shares during the quarter. Intech Investment Management LLC’s holdings in Sterling Infrastructure were worth $4,758,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Fifth Third Bancorp boosted its stake in shares of Sterling Infrastructure by 76.1% during the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock worth $28,000 after purchasing an additional 35 shares during the last quarter. Optiver Holding B.V. boosted its stake in shares of Sterling Infrastructure by 108.2% during the 3rd quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock worth $35,000 after purchasing an additional 53 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Sterling Infrastructure by 316.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 104 shares of the construction company’s stock worth $35,000 after purchasing an additional 79 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Sterling Infrastructure by 33.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock worth $33,000 after purchasing an additional 27 shares during the last quarter. Finally, USA Financial Formulas acquired a new stake in shares of Sterling Infrastructure during the 4th quarter worth about $40,000. 80.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Joseph A. Cutillo sold 50,000 shares of Sterling Infrastructure stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following the sale, the chief executive officer owned 290,593 shares in the company, valued at $144,590,359.01. This trade represents a 14.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is owned by corporate insiders.

Sterling Infrastructure Stock Performance

NASDAQ STRL opened at $860.84 on Monday. Sterling Infrastructure, Inc. has a one year low of $183.40 and a one year high of $893.13. The company’s 50 day moving average price is $583.40 and its 200 day moving average price is $439.38. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market capitalization of $26.42 billion, a price-to-earnings ratio of 77.00, a PEG ratio of 3.19 and a beta of 1.81.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, beating the consensus estimate of $2.29 by $1.30. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. The firm had revenue of $825.68 million for the quarter, compared to analyst estimates of $603.58 million. During the same quarter last year, the firm posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, sell-side analysts predict that Sterling Infrastructure, Inc. will post 18.01 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Argus assumed coverage on shares of Sterling Infrastructure in a research note on Thursday, April 16th. They set a “buy” rating and a $510.00 price target on the stock. Wall Street Zen cut shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Weiss Ratings cut shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. KeyCorp raised their target price on shares of Sterling Infrastructure from $572.00 to $889.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, Stifel Nicolaus set a $486.00 target price on shares of Sterling Infrastructure and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $715.17.

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.