59,148 Shares in Sterling Infrastructure, Inc. $STRL Acquired by Granahan Investment Management LLC

Granahan Investment Management LLC bought a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 59,148 shares of the construction company’s stock, valued at approximately $18,113,000.

A number of other institutional investors also recently bought and sold shares of STRL. Empowered Funds LLC acquired a new stake in Sterling Infrastructure in the 1st quarter worth approximately $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Sterling Infrastructure by 12.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company’s stock worth $9,508,000 after purchasing an additional 9,625 shares in the last quarter. Focus Partners Wealth boosted its stake in Sterling Infrastructure by 13.7% in the 1st quarter. Focus Partners Wealth now owns 2,313 shares of the construction company’s stock worth $262,000 after purchasing an additional 279 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Sterling Infrastructure in the 2nd quarter worth approximately $5,929,000. Finally, Cerity Partners LLC boosted its stake in Sterling Infrastructure by 195.7% in the 2nd quarter. Cerity Partners LLC now owns 19,522 shares of the construction company’s stock worth $4,504,000 after purchasing an additional 12,921 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Performance

Shares of NASDAQ STRL opened at $857.76 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. Sterling Infrastructure, Inc. has a 12 month low of $207.21 and a 12 month high of $1,005.68. The company has a 50 day simple moving average of $692.31 and a two-hundred day simple moving average of $484.51. The stock has a market cap of $26.32 billion, a price-to-earnings ratio of 76.72, a PEG ratio of 3.12 and a beta of 1.82.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, beating the consensus estimate of $2.29 by $1.30. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. The business had revenue of $825.68 million during the quarter, compared to analysts’ expectations of $603.58 million. During the same period in the previous year, the business posted $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, analysts predict that Sterling Infrastructure, Inc. will post 18.53 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Argus assumed coverage on shares of Sterling Infrastructure in a research note on Thursday, April 16th. They issued a “buy” rating and a $510.00 target price for the company. Wall Street Zen cut shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 31st. Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 1st. KeyCorp lifted their target price on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Finally, DA Davidson lifted their target price on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat.com, Sterling Infrastructure has a consensus rating of “Buy” and a consensus target price of $720.67.

Insider Buying and Selling at Sterling Infrastructure

In other news, CEO Joseph A. Cutillo sold 50,000 shares of Sterling Infrastructure 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 transaction, the chief executive officer directly owned 290,593 shares of the company’s stock, valued at $144,590,359.01. The trade was a 14.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is currently owned by company insiders.

Sterling Infrastructure Company 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.