OP Asset Management Ltd Buys Shares of 34,477 Sterling Infrastructure, Inc. $STRL

OP Asset Management Ltd purchased a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the first quarter, Holdings Channel.com reports. The fund purchased 34,477 shares of the construction company’s stock, valued at approximately $14,041,000.

Several other institutional investors and hedge funds also recently made changes to their positions in STRL. EverSource Wealth Advisors LLC raised its stake in Sterling Infrastructure by 33.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock valued at $33,000 after acquiring an additional 27 shares during the period. CENTRAL TRUST Co lifted its holdings in Sterling Infrastructure by 7.9% during 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 last quarter. Lido Advisors LLC boosted its position in Sterling Infrastructure by 1.8% during the fourth quarter. Lido Advisors LLC now owns 1,725 shares of the construction company’s stock worth $578,000 after purchasing an additional 31 shares during the period. Fifth Third Bancorp boosted its position in Sterling Infrastructure by 76.1% during the third quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock worth $28,000 after purchasing an additional 35 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in shares of Sterling Infrastructure by 10.3% in the fourth quarter. Quadrant Capital Group LLC now owns 438 shares of the construction company’s stock worth $134,000 after purchasing an additional 41 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Down 2.8%

Shares of NASDAQ:STRL opened at $867.23 on Thursday. The firm has a fifty day moving average price of $746.58 and a two-hundred day moving average price of $507.51. The company has a market cap of $26.62 billion, a price-to-earnings ratio of 77.57, a PEG ratio of 3.21 and a beta of 1.82. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 1.10. Sterling Infrastructure, Inc. has a one year low of $217.07 and a one year high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share for the quarter, topping 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 firm had revenue of $825.67 million for the quarter, compared to analysts’ expectations of $603.58 million. During the same quarter in the prior year, the firm posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Analysts anticipate that Sterling Infrastructure, Inc. will post 18.53 EPS for the current fiscal year.

Analysts Set New Price Targets

STRL has been the topic of a number of recent research reports. Weiss Ratings cut shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. KeyCorp boosted their target price on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. DA Davidson increased 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. Argus began coverage on Sterling Infrastructure in a report on Thursday, April 16th. They issued a “buy” rating and a $510.00 price target for the company. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Sterling Infrastructure in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $720.67.

Insider Buying and Selling at Sterling Infrastructure

In related news, CEO Joseph A. Cutillo sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total value of $24,878,500.00. Following the sale, the chief executive officer directly owned 290,593 shares of the company’s stock, valued at $144,590,359.01. This trade represents a 14.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.60% of the company’s stock.

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.