Mark Wolf Sells 2,500 Shares of Sterling Infrastructure (NASDAQ:STRL) Stock

Sterling Infrastructure, Inc. (NASDAQ:STRL) General Counsel Mark Wolf sold 2,500 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $888.00, for a total value of $2,220,000.00. Following the sale, the general counsel owned 28,137 shares in the company, valued at approximately $24,985,656. The trade was a 8.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sterling Infrastructure Trading Up 1.1%

NASDAQ STRL traded up $9.01 during trading hours on Monday, hitting $813.77. 721,001 shares of the company’s stock were exchanged, compared to its average volume of 607,541. The firm has a market cap of $24.97 billion, a price-to-earnings ratio of 72.79, a PEG ratio of 2.92 and a beta of 1.81. The stock has a 50-day simple moving average of $761.90 and a 200 day simple moving average of $514.81. 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 1-year low of $217.07 and a 1-year high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $1.30. The firm had revenue of $825.67 million for the quarter, compared to analyst estimates of $603.58 million. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.During the same period in the previous year, the firm earned $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, equities analysts forecast that Sterling Infrastructure, Inc. will post 18.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Sterling Infrastructure

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cedar Mountain Advisors LLC lifted its position in Sterling Infrastructure by 8,000.0% in the 1st quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock valued at $33,000 after acquiring an additional 80 shares in the last quarter. NFSG Corp increased its holdings in Sterling Infrastructure by 578.6% during the 1st quarter. NFSG Corp now owns 95 shares of the construction company’s stock worth $39,000 after purchasing an additional 81 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of Sterling Infrastructure in the fourth quarter worth approximately $31,000. Signature Equity Partners LLC raised its stake in shares of Sterling Infrastructure by 19.5% in the first quarter. Signature Equity Partners LLC now owns 104 shares of the construction company’s stock worth $42,000 after purchasing an additional 17 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Sterling Infrastructure by 316.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 104 shares of the construction company’s stock valued at $35,000 after purchasing an additional 79 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Oppenheimer assumed coverage on Sterling Infrastructure in a research note on Thursday, May 28th. They issued an “outperform” rating and a $950.00 target price for the company. Argus started coverage on Sterling Infrastructure in a research report on Thursday, April 16th. They issued a “buy” rating and a $510.00 target price for the company. KeyCorp upped their price target on Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Sterling Infrastructure in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to data from MarketBeat, Sterling Infrastructure currently has an average rating of “Buy” and a consensus target price of $720.67.

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.