Sterling Infrastructure, Inc. $STRL Shares Sold by Silvant Capital Management LLC

Silvant Capital Management LLC lowered its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 60.1% during the second quarter, HoldingsChannel reports. The fund owned 5,505 shares of the construction company’s stock after selling 8,305 shares during the period. Silvant Capital Management LLC’s holdings in Sterling Infrastructure were worth $4,621,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in STRL. Wellington Shields & Co. LLC purchased a new stake in Sterling Infrastructure during the second quarter worth approximately $29,000. Kemnay Advisory Services Inc. acquired a new stake in Sterling Infrastructure during the fourth quarter worth approximately $31,000. EverSource Wealth Advisors LLC lifted its position 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 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 1st quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock valued at $33,000 after buying an additional 80 shares in the last quarter. Finally, Rakuten Securities Inc. grew its position in shares of Sterling Infrastructure by 6,950.0% in the 2nd 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 last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insider Transactions 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 that occurred 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 completion of the sale, the general counsel directly owned 28,137 shares of the company’s stock, valued at $24,985,656. This represents a 8.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by company insiders.

Sterling Infrastructure Stock Down 2.6%

Shares of NASDAQ:STRL opened at $520.53 on Friday. The stock has a market cap of $15.92 billion, a P/E ratio of 37.53, a P/E/G ratio of 1.86 and a beta of 1.88. The firm has a fifty day moving average price of $681.96 and a 200 day moving average price of $597.80. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11. Sterling Infrastructure, Inc. has a 1-year low of $266.13 and a 1-year high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $5.01 by $0.79. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $969.22 million. Sterling Infrastructure’s quarterly revenue was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. Sell-side analysts predict that Sterling Infrastructure, Inc. will post 19.11 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on STRL. Cantor Fitzgerald reduced their price target on shares of Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Oppenheimer started 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. Zacks Research downgraded Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. DA Davidson set a $700.00 target price on Sterling Infrastructure in a report on Thursday. Finally, Weiss Ratings cut Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $690.33.

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.