Sterling Infrastructure, Inc. $STRL is Cookson Peirce & Co. Inc.’s 8th Largest Position

Cookson Peirce & Co. Inc. grew its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 3.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 85,597 shares of the construction company’s stock after acquiring an additional 2,935 shares during the period. Sterling Infrastructure accounts for approximately 2.4% of Cookson Peirce & Co. Inc.’s holdings, making the stock its 8th largest holding. Cookson Peirce & Co. Inc.’s holdings in Sterling Infrastructure were worth $71,847,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new stake in Sterling Infrastructure during the 1st quarter valued at about $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Sterling Infrastructure by 12.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company’s stock worth $9,508,000 after purchasing an additional 9,625 shares during the period. Focus Partners Wealth increased its stake in Sterling Infrastructure by 13.7% in the 1st quarter. Focus Partners Wealth now owns 2,313 shares of the construction company’s stock worth $262,000 after purchasing an additional 279 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Sterling Infrastructure in the second quarter valued at approximately $5,929,000. Finally, Cerity Partners LLC lifted its position in Sterling Infrastructure by 195.7% in the second quarter. Cerity Partners LLC now owns 19,522 shares of the construction company’s stock valued at $4,504,000 after purchasing an additional 12,921 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Monday, August 24th. DA Davidson began coverage on shares of Sterling Infrastructure in a report on Friday, August 21st. They set a “buy” rating and a $700.00 price target for the company. Cantor Fitzgerald dropped 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 began coverage on shares of Sterling Infrastructure in a report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price target on the stock. Finally, Weiss Ratings cut shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report 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 company’s stock. According to data from MarketBeat, Sterling Infrastructure has a consensus rating of “Moderate Buy” and a consensus price target of $690.33.

Insiders Place Their Bets

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the company’s stock in a transaction dated 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 completion of the sale, the general counsel 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 document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.60% of the company’s stock.

Sterling Infrastructure Trading Down 7.1%

Shares of STRL opened at $470.52 on Friday. Sterling Infrastructure, Inc. has a 1-year low of $266.13 and a 1-year high of $1,005.68. The firm’s 50-day moving average price is $638.53 and its 200-day moving average price is $601.26. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $14.39 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 1.64 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 EPS for the quarter, topping analysts’ consensus estimates of $5.01 by $0.79. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $969.22 million. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The firm’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 anticipate that Sterling Infrastructure, Inc. will post 19.14 EPS for the current year.

About Sterling Infrastructure

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.