Globeflex Capital L P Trims Stock Position in Sterling Infrastructure, Inc. $STRL

Globeflex Capital L P lessened its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,365 shares of the construction company’s stock after selling 1,137 shares during the quarter. Globeflex Capital L P’s holdings in Sterling Infrastructure were worth $4,093,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of Sterling Infrastructure by 33.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock valued at $33,000 after buying an additional 27 shares during the period. UMB Bank n.a. raised its position in Sterling Infrastructure by 27.5% in the third quarter. UMB Bank n.a. now owns 130 shares of the construction company’s stock valued at $44,000 after purchasing an additional 28 shares during the period. CENTRAL TRUST Co raised its position in Sterling Infrastructure by 7.9% in the fourth quarter. CENTRAL TRUST Co now owns 397 shares of the construction company’s stock valued at $122,000 after purchasing an additional 29 shares during the period. Lido Advisors LLC raised its position in Sterling Infrastructure by 1.8% in the fourth quarter. Lido Advisors LLC now owns 1,725 shares of the construction company’s stock valued at $578,000 after purchasing an additional 31 shares during the period. Finally, Fifth Third Bancorp raised its position in Sterling Infrastructure by 76.1% in the third quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock valued at $28,000 after purchasing an additional 35 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insider Buying and Selling at Sterling Infrastructure

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the company’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Up 3.8%

Sterling Infrastructure stock opened at $993.74 on Friday. Sterling Infrastructure, Inc. has a twelve month low of $191.00 and a twelve month high of $1,005.68. The stock’s fifty day simple moving average is $622.79 and its 200-day simple moving average is $455.19. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $30.50 billion, a P/E ratio of 88.89, a P/E/G ratio of 3.54 and a beta of 1.82.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 earnings per share for the quarter, topping 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 business had revenue of $825.68 million for the quarter, compared to analyst estimates of $603.58 million. During the same quarter in the prior year, the company earned $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, equities analysts expect that Sterling Infrastructure, Inc. will post 18.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on STRL shares. DA Davidson boosted their target price on Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, February 27th. KeyCorp boosted their target price on Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a research report on Tuesday. Cantor Fitzgerald boosted their target price on Sterling Infrastructure from $482.00 to $956.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Weiss Ratings lowered Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Finally, Stifel Nicolaus set a $486.00 target price on Sterling Infrastructure and gave the company a “buy” rating in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $720.67.

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.