Sterling Infrastructure, Inc. $STRL Position Reduced by EFG International AG

EFG International AG trimmed its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 68.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,756 shares of the construction company’s stock after selling 10,101 shares during the quarter. EFG International AG’s holdings in Sterling Infrastructure were worth $3,992,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in STRL. Wellington Shields & Co. LLC acquired a new stake in shares of Sterling Infrastructure during the second quarter valued at approximately $29,000. Kemnay Advisory Services Inc. acquired a new position in Sterling Infrastructure in the 4th quarter worth approximately $31,000. EverSource Wealth Advisors LLC grew its position in 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 purchasing an additional 27 shares in the last quarter. Cedar Mountain Advisors LLC grew its position in Sterling Infrastructure by 8,000.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock worth $33,000 after purchasing an additional 80 shares in the last quarter. Finally, Rakuten Securities Inc. grew its position in Sterling Infrastructure by 6,950.0% during the 2nd 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. 80.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. DA Davidson assumed coverage on Sterling Infrastructure in a report on Friday, August 21st. They issued a “buy” rating and a $700.00 target price for the company. Cantor Fitzgerald lowered their price target on Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Wall Street Zen raised Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Monday. Oppenheimer assumed coverage on Sterling Infrastructure in a research report on Thursday, May 28th. They set an “outperform” rating and a $950.00 price target on the stock. Finally, Zacks Research downgraded Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $690.33.

Sterling Infrastructure Trading Up 2.3%

NASDAQ STRL opened at $497.41 on Thursday. 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, Inc. has a 1-year low of $266.13 and a 1-year high of $1,005.68. The firm’s fifty day simple moving average is $653.47 and its 200-day simple moving average is $601.45. The company has a market capitalization of $15.22 billion, a PE ratio of 35.86, a price-to-earnings-growth ratio of 1.69 and a beta of 1.88.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data 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. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $969.22 million. The business’s 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. As a group, sell-side analysts anticipate that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Sterling Infrastructure

In other news, General Counsel Mark D. Wolf sold 2,500 shares of Sterling Infrastructure stock in a transaction dated 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 in the company, valued at $24,985,656. The trade was a 8.16% decrease in their position. The sale 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 company 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.