Mirae Asset Global Investments Co. Ltd. Makes New $2.16 Million Investment in Sterling Infrastructure, Inc. $STRL

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the fourth quarter, Holdings Channel reports. The fund purchased 7,040 shares of the construction company’s stock, valued at approximately $2,156,000.

A number of other institutional investors also recently bought and sold shares of the business. UMB Bank n.a. raised its position in Sterling Infrastructure by 27.5% during the 3rd quarter. UMB Bank n.a. now owns 130 shares of the construction company’s stock worth $44,000 after buying an additional 28 shares during the last quarter. Fifth Third Bancorp raised its position in Sterling Infrastructure by 76.1% during the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock worth $28,000 after buying an additional 35 shares during the last quarter. Richardson Financial Services Inc. raised its position in Sterling Infrastructure by 22.6% during the 3rd quarter. Richardson Financial Services Inc. now owns 233 shares of the construction company’s stock worth $79,000 after buying an additional 43 shares during the last quarter. GK Wealth Management LLC raised its position in Sterling Infrastructure by 3.9% during the 4th quarter. GK Wealth Management LLC now owns 1,367 shares of the construction company’s stock worth $419,000 after buying an additional 51 shares during the last quarter. Finally, Optiver Holding B.V. raised its position in Sterling Infrastructure by 108.2% during the 3rd quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock worth $35,000 after buying an additional 53 shares during the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure stock in a transaction on Monday, February 9th. The shares were sold at an average price of $410.00, for a total transaction of $820,000.00. Following the sale, the director owned 11,498 shares of the company’s stock, valued at $4,714,180. The trade was a 14.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Joseph A. Cutillo sold 50,000 shares of Sterling Infrastructure stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $453.48, for a total transaction of $22,674,000.00. Following the sale, the chief executive officer directly owned 340,593 shares in the company, valued at approximately $154,452,113.64. This trade represents a 12.80% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 54,000 shares of company stock worth $24,284,000. 1.60% of the stock is currently owned by corporate insiders.

Sterling Infrastructure Price Performance

Sterling Infrastructure stock opened at $495.67 on Friday. Sterling Infrastructure, Inc. has a 1 year low of $139.20 and a 1 year high of $504.05. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.01 and a current ratio of 1.01. The company’s fifty day moving average price is $429.45 and its 200 day moving average price is $376.14. The stock has a market capitalization of $15.21 billion, a P/E ratio of 52.90, a P/E/G ratio of 2.51 and a beta of 1.51.

Sterling Infrastructure (NASDAQ:STRL) last announced its 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 net margin of 11.65% and a return on equity of 32.82%. The company had revenue of $755.61 million for the quarter, compared to analysts’ expectations of $639.41 million. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. As a group, equities research analysts anticipate that Sterling Infrastructure, Inc. will post 12.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

STRL has been the subject of a number of recent research reports. Weiss Ratings raised shares of Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. Wall Street Zen lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 28th. Stifel Nicolaus set a $486.00 target price on shares of Sterling Infrastructure and gave the company a “buy” rating in a report on Wednesday, February 11th. DA Davidson lifted their target price on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a report on Friday, February 27th. Finally, Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $510.00.

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.