Van Hulzen Asset Management LLC Has $1.63 Million Holdings in Sterling Infrastructure, Inc. $STRL

Van Hulzen Asset Management LLC lessened its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 57.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,937 shares of the construction company’s stock after selling 2,628 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Sterling Infrastructure were worth $1,626,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Devon Energy Corp DE acquired a new position in Sterling Infrastructure during the second quarter worth $548,390,288,000. BlackRock Inc. acquired a new stake in shares of Sterling Infrastructure in the 2nd quarter valued at $2,713,946,000. Ranger Investment Management L.P. acquired a new stake in shares of Sterling Infrastructure in the 2nd quarter valued at $23,381,000. State Street Corp grew its holdings in shares of Sterling Infrastructure by 62.0% in the 2nd quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock worth $261,129,000 after purchasing an additional 433,311 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Sterling Infrastructure by 29.8% in the 3rd quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock worth $324,526,000 after purchasing an additional 219,477 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

Shares of NASDAQ:STRL opened at $496.66 on Tuesday. The business has a fifty day moving average of $667.71 and a 200-day moving average of $599.62. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.11. Sterling Infrastructure, Inc. has a twelve month low of $266.13 and a twelve month high of $1,005.68. The firm has a market cap of $15.19 billion, a PE ratio of 35.81, a price-to-earnings-growth ratio of 1.80 and a beta of 1.88.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.01 by $0.79. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $969.22 million. The business’s revenue for the quarter was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. On average, equities research analysts predict that Sterling Infrastructure, Inc. will post 19.15 EPS 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 business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $888.00, for a total value of $2,220,000.00. Following the completion of the transaction, the general counsel directly owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. The trade was a 8.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. KeyCorp dropped their target price on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Wall Street Zen raised shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Monday. Zacks Research cut shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. DA Davidson initiated coverage on shares of Sterling Infrastructure in a report on Friday. They set a “buy” rating and a $700.00 price objective for the company. Finally, Weiss Ratings cut shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Sterling Infrastructure has a consensus 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.