Sterling Infrastructure, Inc. $STRL Shares Purchased by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. boosted its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 86.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,621 shares of the construction company’s stock after buying an additional 1,213 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in Sterling Infrastructure were worth $1,289,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Sterling Infrastructure during the second quarter worth approximately $2,713,946,000. State Street Corp grew its holdings in shares of Sterling Infrastructure by 290.7% during the second quarter. State Street Corp now owns 4,253,073 shares of the construction company’s stock worth $3,569,859,000 after purchasing an additional 3,164,551 shares during the last quarter. Jupiter Topco LLC acquired a new position in Sterling Infrastructure during the second quarter worth approximately $395,056,000. First Trust Advisors LP lifted its stake in Sterling Infrastructure by 27.3% in the first quarter. First Trust Advisors LP now owns 877,990 shares of the construction company’s stock valued at $357,579,000 after buying an additional 188,048 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Sterling Infrastructure in the second quarter valued at approximately $144,725,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Price Performance

STRL stock traded down $6.81 during trading on Monday, reaching $526.61. 212,394 shares of the company were exchanged, compared to its average volume of 623,413. The company has a market cap of $16.11 billion, a P/E ratio of 37.95, a PEG ratio of 1.86 and a beta of 1.86. Sterling Infrastructure, Inc. has a 52-week low of $281.58 and a 52-week high of $1,005.68. The stock’s 50 day moving average price is $517.88 and its 200 day moving average price is $615.04. 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 (NASDAQ:STRL) last issued its earnings results 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 net margin of 12.55% and a return on equity of 40.12%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $969.22 million. Sterling Infrastructure’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, analysts predict that Sterling Infrastructure, Inc. will post 19.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Zacks Research lowered Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. KeyCorp decreased their price objective on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $742.00 price objective on shares of Sterling Infrastructure in a research report on Wednesday, September 30th. Finally, DA Davidson assumed coverage on shares of Sterling Infrastructure in a research note on Friday, August 21st. They issued a “buy” rating and a $700.00 price objective on the stock. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Sterling Infrastructure presently has a consensus rating of “Moderate Buy” and an average price target of $690.33.

Sterling Infrastructure Profile

Sterling Infrastructure, Inc is an infrastructure services company that provides construction and rehabilitation solutions for public and private-sector customers in the United States. Formerly known as Sterling Construction Company, the company adopted its current name to reflect the expansion of its business beyond traditional transportation construction.

The company operates through three principal business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.