Oregon Public Employees Retirement Fund Has $1.87 Million Position in Sterling Infrastructure, Inc. $STRL

Oregon Public Employees Retirement Fund cut its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 11.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,114 shares of the construction company’s stock after selling 755 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Sterling Infrastructure were worth $1,872,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new stake in Sterling Infrastructure in the third quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Sterling Infrastructure during the third quarter worth $28,000. Fifth Third Bancorp lifted its stake in shares of Sterling Infrastructure by 76.1% in the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock valued at $28,000 after acquiring an additional 35 shares during the last quarter. Rakuten Securities Inc. lifted its stake in shares of Sterling Infrastructure by 6,950.0% in the 2nd quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock valued at $33,000 after acquiring an additional 139 shares during the last quarter. Finally, Optiver Holding B.V. boosted its holdings in shares of Sterling Infrastructure by 108.2% during the 3rd quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock valued at $35,000 after acquiring an additional 53 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 50,000 shares of the stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following the completion of the sale, the chief executive officer owned 290,593 shares of the company’s stock, valued at approximately $144,590,359.01. This represents a 14.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.60% of the company’s stock.

Sterling Infrastructure Stock Down 4.5%

Shares of NASDAQ:STRL opened at $848.84 on Friday. The firm has a market cap of $26.05 billion, a P/E ratio of 75.92, a P/E/G ratio of 3.14 and a beta of 1.64. Sterling Infrastructure, Inc. has a 12-month low of $176.15 and a 12-month high of $893.13. The business has a fifty day simple moving average of $511.09 and a 200 day simple moving average of $412.07. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $1.30. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.The firm had revenue of $825.68 million for the quarter, compared to analyst estimates of $603.58 million. During the same quarter in the previous year, the company posted $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Analysts predict that Sterling Infrastructure, Inc. will post 18.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on STRL. Weiss Ratings lowered Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Cantor Fitzgerald lifted their price target on Sterling Infrastructure from $482.00 to $956.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Wall Street Zen cut Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 28th. DA Davidson upped their price objective on Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Finally, Stifel Nicolaus set a $486.00 price objective on shares of Sterling Infrastructure and gave the company a “buy” rating in a report on Wednesday, February 11th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $668.20.

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.