Gallacher Capital Management LLC Purchases Shares of 802 Sterling Infrastructure, Inc. $STRL

Gallacher Capital Management LLC purchased a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the first quarter, according to its most recent filing with the SEC. The firm purchased 802 shares of the construction company’s stock, valued at approximately $327,000.

Other hedge funds have also recently made changes to their positions in the company. Kemnay Advisory Services Inc. acquired a new position in shares of Sterling Infrastructure in the 4th quarter valued at about $31,000. EverSource Wealth Advisors LLC grew its stake in Sterling Infrastructure by 33.8% during the fourth 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 period. Cedar Mountain Advisors LLC grew its stake in Sterling Infrastructure by 8,000.0% during the first quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock worth $33,000 after purchasing an additional 80 shares during the period. Rakuten Securities Inc. increased its holdings in Sterling Infrastructure by 6,950.0% in the second quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock worth $33,000 after purchasing an additional 139 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Sterling Infrastructure by 316.0% in the third 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 in the last quarter. 80.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on STRL. Weiss Ratings raised Sterling Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 6th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Sterling Infrastructure in a research note on Thursday, June 18th. Argus assumed coverage on shares of Sterling Infrastructure in a research report on Thursday, April 16th. They set a “buy” rating and a $510.00 target price on the stock. Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Finally, Oppenheimer assumed coverage on shares of Sterling Infrastructure in a research note on Thursday, May 28th. They set an “outperform” rating and a $950.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $720.67.

Sterling Infrastructure Trading Down 0.4%

NASDAQ STRL opened at $638.56 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. Sterling Infrastructure, Inc. has a 52 week low of $230.00 and a 52 week high of $1,005.68. The business has a 50 day moving average price of $800.28 and a 200-day moving average price of $554.17. The company has a market cap of $19.60 billion, a price-to-earnings ratio of 57.12, a P/E/G ratio of 2.33 and a beta of 1.83.

Sterling Infrastructure (NASDAQ:STRL) last issued its earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $1.30. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.The company had revenue of $825.67 million for the quarter, compared to analysts’ expectations of $603.58 million. During the same period last year, the business earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, equities analysts expect that Sterling Infrastructure, Inc. will post 18.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Sterling Infrastructure

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the transaction, the general counsel owned 28,137 shares in the company, valued at approximately $24,985,656. This represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Joseph A. Cutillo sold 50,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer directly 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.60% of the company’s stock.

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.