Public Employees Retirement System of Ohio Makes New Investment in Sterling Infrastructure, Inc. $STRL

Public Employees Retirement System of Ohio bought a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,657 shares of the construction company’s stock, valued at approximately $7,266,000.

A number of other institutional investors have also recently made changes to their positions in the company. Engle Capital Management L.P. lifted its position in Sterling Infrastructure by 156.5% in the 1st quarter. Engle Capital Management L.P. now owns 26,500 shares of the construction company’s stock valued at $10,793,000 after acquiring an additional 16,167 shares in the last quarter. Northwestern Mutual Investment Management Company LLC bought a new stake in shares of Sterling Infrastructure in the 4th quarter worth $2,105,000. Deutsche Bank AG bought a new stake in shares of Sterling Infrastructure in the 2nd quarter worth $18,337,000. Private Advisor Group LLC raised its stake in shares of Sterling Infrastructure by 28.2% in the first quarter. Private Advisor Group LLC now owns 7,099 shares of the construction company’s stock worth $2,891,000 after purchasing an additional 1,561 shares during the last quarter. Finally, Jupiter Topco LLC purchased a new position in shares of Sterling Infrastructure in the second quarter worth $395,056,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insider Activity at Sterling Infrastructure

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. 1.60% of the stock is owned by insiders.

Analysts Set New Price Targets

STRL has been the topic of several recent analyst reports. Wall Street Zen raised Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 24th. DA Davidson started coverage on shares of Sterling Infrastructure in a research note on Friday, August 21st. They set a “buy” rating and a $700.00 target price on the stock. KeyCorp dropped their price target on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Zacks Research lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Finally, Weiss Ratings cut shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $690.33.

Sterling Infrastructure Stock Performance

Shares of STRL opened at $456.10 on Wednesday. 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 one year low of $266.13 and a one year high of $1,005.68. The firm has a market capitalization of $13.95 billion, a P/E ratio of 32.88, a PEG ratio of 1.64 and a beta of 1.85. The business has a fifty day moving average of $620.56 and a 200 day moving average of $603.09.

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 return on equity of 40.12% and a net margin of 12.55%.The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations 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. As a group, 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.