NewEdge Advisors LLC Raises Stock Holdings in Sterling Infrastructure, Inc. $STRL

NewEdge Advisors LLC boosted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 40.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,518 shares of the construction company’s stock after purchasing an additional 1,595 shares during the quarter. NewEdge Advisors LLC’s holdings in Sterling Infrastructure were worth $2,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in STRL. Signature Equity Partners LLC lifted its position in shares of Sterling Infrastructure by 19.5% during the first quarter. Signature Equity Partners LLC now owns 104 shares of the construction company’s stock valued at $42,000 after buying an additional 17 shares during the last quarter. World Investment Advisors grew its position in shares of Sterling Infrastructure by 2.4% in the 1st quarter. World Investment Advisors now owns 870 shares of the construction company’s stock worth $354,000 after buying an additional 20 shares during the last quarter. Ritholtz Wealth Management grew its position in shares of Sterling Infrastructure by 3.6% in the 1st quarter. Ritholtz Wealth Management now owns 686 shares of the construction company’s stock worth $279,000 after buying an additional 24 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake 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 worth $33,000 after acquiring an additional 27 shares in the last quarter. Finally, Root Financial Partners LLC raised its stake in shares of Sterling Infrastructure by 28.0% during the 1st quarter. Root Financial Partners LLC now owns 128 shares of the construction company’s stock worth $52,000 after acquiring an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Up 4.2%

NASDAQ:STRL opened at $576.48 on Friday. The company has a market cap of $17.63 billion, a PE ratio of 41.56, a P/E/G ratio of 1.93 and a beta of 1.88. Sterling Infrastructure, Inc. has a twelve month low of $263.45 and a twelve month high of $1,005.68. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $704.54 and its two-hundred day moving average is $591.04.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.01 by $0.79. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $969.22 million. The company’s revenue was up 90.4% compared to the same quarter last year. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. Analysts anticipate that Sterling Infrastructure, Inc. will post 19.11 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on STRL. Wall Street Zen upgraded shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Cantor Fitzgerald reduced their price target on Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Oppenheimer began coverage on Sterling Infrastructure in a research report on Thursday, May 28th. They set an “outperform” rating and a $950.00 price target on the stock. Weiss Ratings lowered Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. Finally, Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Sterling Infrastructure currently has an average rating of “Moderate Buy” and an average target price of $657.00.

Insider Activity

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $888.00, for a total value of $2,220,000.00. Following the transaction, the general counsel directly owned 28,137 shares of the company’s stock, valued at $24,985,656. This represents a 8.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is currently owned by insiders.

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.