Hennion & Walsh Asset Management Inc. Raises Stake in Sterling Infrastructure, Inc. $STRL

Hennion & Walsh Asset Management Inc. boosted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 13.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 11,939 shares of the construction company’s stock after purchasing an additional 1,426 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Sterling Infrastructure were worth $10,021,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. State Street Corp raised its position in Sterling Infrastructure by 62.0% in the second quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock worth $261,129,000 after acquiring an additional 433,311 shares during the period. Invesco Ltd. grew its position in shares of Sterling Infrastructure by 29.8% during the 3rd quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock valued at $324,526,000 after acquiring an additional 219,477 shares during the period. First Trust Advisors LP grew its position in shares of Sterling Infrastructure by 27.3% during the 1st quarter. First Trust Advisors LP now owns 877,990 shares of the construction company’s stock valued at $357,579,000 after acquiring an additional 188,048 shares during the period. UBS Group AG increased its stake in shares of Sterling Infrastructure by 45.4% during the 3rd quarter. UBS Group AG now owns 483,864 shares of the construction company’s stock worth $164,359,000 after purchasing an additional 151,146 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Sterling Infrastructure by 123.3% during the 4th quarter. JPMorgan Chase & Co. now owns 262,824 shares of the construction company’s stock worth $80,485,000 after purchasing an additional 145,100 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insider Activity

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the sale, the general counsel directly owned 28,137 shares in the company, valued at approximately $24,985,656. The trade was a 8.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

STRL has been the topic of a number of research reports. Wall Street Zen raised shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Research raised Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, June 1st. Weiss Ratings downgraded Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Cantor Fitzgerald dropped their price target on Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Argus began coverage on Sterling Infrastructure in a research note on Thursday, April 16th. They set a “buy” rating and a $510.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $657.00.

Sterling Infrastructure Stock Up 2.0%

STRL opened at $547.06 on Friday. Sterling Infrastructure, Inc. has a 12 month low of $263.45 and a 12 month high of $1,005.68. The company has a market cap of $16.73 billion, a PE ratio of 39.44, a price-to-earnings-growth ratio of 1.92 and a beta of 1.88. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.19. The company has a 50 day moving average of $740.83 and a 200 day moving average of $584.32.

Sterling Infrastructure (NASDAQ:STRL) last issued its earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.01 by $0.79. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The business’s revenue was up 90.4% compared to the same quarter last year. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. On average, sell-side analysts expect that Sterling Infrastructure, Inc. will post 19.13 EPS for the current year.

More Sterling Infrastructure News

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

• Positive Sentiment: Strong Q2 performance and outlook: Sterling reported revenue growth of more than 90% year over year and adjusted EPS growth of 116%, driven primarily by its E-Infrastructure segment and AI data-center construction demand. Management raised full-year guidance, while backlog increased to roughly $4.3 billion in one report and exceeded $7 billion in another, providing significant multiyear revenue visibility. Sterling Infrastructure Q2 2026 Review
• Positive Sentiment: Analysts remain bullish: KeyBanc reaffirmed its Buy rating, while Wall Street Zen upgraded STRL to Strong Buy. Additional coverage highlights the company’s exposure to data-center infrastructure and argues that strong growth makes the valuation more attractive. One analysis estimated fair value at $645 per share, implying approximately 20% upside from the referenced price. KeyBanc Buy Rating Wall Street Zen Strong Buy Upgrade
• Positive Sentiment: Higher earnings expectations: Sidoti raised its FY2026 EPS estimate to $19.00 from $18.09 and increased its Q3 2026 and Q2 2027 forecasts. These revisions reinforce expectations for continued earnings growth and are broadly consistent with the current full-year consensus of about $19.01 per share. Sidoti Earnings Estimates
• Neutral Sentiment: Mixed analyst signals: A broader roundup described analysts as bullish on STRL, but the reports largely reiterate existing views rather than introduce a major new catalyst. Analysts Bullish on Sterling Infrastructure
• Negative Sentiment: Valuation and estimates remain risks: Despite the earnings beat, shares recently faced pressure because of a high valuation and concerns that a changing business mix could weigh on margins. Sidoti lowered its Q1 and Q3 2027 EPS estimates, while Cantor Fitzgerald reduced its price expectations. Cantor Fitzgerald Price Expectations

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.