Willis Investment Counsel Has $4.71 Million Holdings in Sterling Infrastructure, Inc. $STRL

Willis Investment Counsel raised its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 47.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,388 shares of the construction company’s stock after buying an additional 4,930 shares during the quarter. Willis Investment Counsel owned 0.05% of Sterling Infrastructure worth $4,712,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Frontier Capital Management Co. LLC acquired a new position in shares of Sterling Infrastructure during the second quarter worth approximately $35,931,000. Telligent Fund LP acquired a new position in shares of Sterling Infrastructure during the third quarter worth approximately $1,019,000. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in shares of Sterling Infrastructure by 76.4% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 10,393 shares of the construction company’s stock worth $3,530,000 after purchasing an additional 4,500 shares during the period. Emerald Advisers LLC raised its position in shares of Sterling Infrastructure by 50.3% during the third quarter. Emerald Advisers LLC now owns 82,582 shares of the construction company’s stock worth $28,051,000 after purchasing an additional 27,627 shares during the period. Finally, Allworth Financial LP raised its position in shares of Sterling Infrastructure by 1,307.9% during the third quarter. Allworth Financial LP now owns 7,631 shares of the construction company’s stock worth $2,592,000 after purchasing an additional 7,089 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Dwayne Andree Wilson sold 2,860 shares of the company’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $350.00, for a total transaction of $1,001,000.00. Following the completion of the sale, the director owned 14,749 shares in the company, valued at approximately $5,162,150. This represents a 16.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Joseph A. Cutillo sold 50,000 shares of the company’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $453.48, for a total value of $22,674,000.00. Following the sale, the chief executive officer owned 340,593 shares of the company’s stock, valued at $154,452,113.64. This trade represents a 12.80% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 56,860 shares of company stock worth $25,285,000. 3.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on STRL. Wall Street Zen lowered Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 28th. Zacks Research raised Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 4th. Weiss Ratings raised Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. DA Davidson upped their target price on Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Finally, Stifel Nicolaus set a $486.00 target price on Sterling Infrastructure and gave the stock a “buy” rating in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, Sterling Infrastructure currently has a consensus rating of “Buy” and an average price target of $489.33.

Sterling Infrastructure Trading Up 10.8%

Shares of Sterling Infrastructure stock opened at $423.35 on Thursday. The stock has a fifty day simple moving average of $413.89 and a 200 day simple moving average of $367.50. Sterling Infrastructure, Inc. has a 12-month low of $111.44 and a 12-month high of $477.03. The company has a market capitalization of $12.99 billion, a P/E ratio of 45.18, a price-to-earnings-growth ratio of 2.16 and a beta of 1.51. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.25.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Wednesday, February 25th. The construction company reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.45. Sterling Infrastructure had a return on equity of 32.82% and a net margin of 11.65%.The business had revenue of $755.61 million during the quarter, compared to the consensus estimate of $639.41 million. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. On average, sell-side analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current fiscal year.

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.