Great Lakes Advisors LLC Sells 25,875 Shares of Sterling Infrastructure, Inc. $STRL

Great Lakes Advisors LLC trimmed its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 54.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,896 shares of the construction company’s stock after selling 25,875 shares during the period. Great Lakes Advisors LLC’s holdings in Sterling Infrastructure were worth $18,379,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Kemnay Advisory Services Inc. purchased a new stake in shares of Sterling Infrastructure during the 4th quarter valued at about $31,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Sterling Infrastructure by 33.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock worth $33,000 after buying an additional 27 shares during the last quarter. Cedar Mountain Advisors LLC boosted its holdings in shares of Sterling Infrastructure by 8,000.0% in the first quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock worth $33,000 after buying an additional 80 shares during the last quarter. Rakuten Securities Inc. grew its position in Sterling Infrastructure by 6,950.0% during 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, Caitong International Asset Management Co. Ltd grew its position in Sterling Infrastructure by 316.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 104 shares of the construction company’s stock valued at $35,000 after buying an additional 79 shares during the period. 80.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on STRL shares. Cantor Fitzgerald decreased their price target on shares of Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Zacks Research lowered Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. KeyCorp decreased their target price on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Finally, Oppenheimer began coverage on Sterling Infrastructure in a research report on Thursday, May 28th. They set an “outperform” rating and a $950.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $657.00.

Sterling Infrastructure Trading Down 8.1%

Sterling Infrastructure stock opened at $554.76 on Wednesday. Sterling Infrastructure, Inc. has a 12-month low of $263.45 and a 12-month high of $1,005.68. The firm has a market capitalization of $16.97 billion, a price-to-earnings ratio of 40.00, a P/E/G ratio of 2.01 and a beta of 1.88. The firm has a 50 day moving average of $693.04 and a 200 day moving average of $595.56. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.19.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.01 by $0.79. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The business’s quarterly 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. As a group, research analysts predict that Sterling Infrastructure, Inc. will post 19.11 earnings per share for the current year.

Insider Activity at Sterling Infrastructure

In related news, General Counsel Mark D. Wolf sold 2,500 shares of Sterling Infrastructure 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. The trade was a 8.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by 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.