Sterling Infrastructure, Inc. $STRL Position Lifted by Cim Investment Management Inc.

Cim Investment Management Inc. boosted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 304.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,774 shares of the construction company’s stock after buying an additional 5,850 shares during the quarter. Sterling Infrastructure makes up 1.5% of Cim Investment Management Inc.’s portfolio, making the stock its 11th largest position. Cim Investment Management Inc.’s holdings in Sterling Infrastructure were worth $6,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its position in shares of Sterling Infrastructure by 29.0% during the second quarter. Envestnet Asset Management Inc. now owns 138,884 shares of the construction company’s stock worth $116,574,000 after acquiring an additional 31,182 shares during the period. State Street Corp grew its stake in Sterling Infrastructure by 290.7% in the second quarter. State Street Corp now owns 4,253,073 shares of the construction company’s stock worth $3,569,859,000 after purchasing an additional 3,164,551 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Sterling Infrastructure by 191.3% in the second quarter. The Manufacturers Life Insurance Company now owns 97,448 shares of the construction company’s stock worth $81,794,000 after purchasing an additional 63,994 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Sterling Infrastructure by 435.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,110 shares of the construction company’s stock worth $4,289,000 after purchasing an additional 4,156 shares during the period. Finally, Tidal Investments LLC increased its holdings in Sterling Infrastructure by 111.9% during the 2nd quarter. Tidal Investments LLC now owns 123,759 shares of the construction company’s stock worth $103,878,000 after purchasing an additional 65,361 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Stock Up 1.3%

Shares of NASDAQ STRL traded up $6.58 during trading hours on Tuesday, hitting $504.94. 372,479 shares of the stock were exchanged, compared to its average volume of 627,576. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.19. The company has a market cap of $15.45 billion, a PE ratio of 36.41, a PEG ratio of 1.79 and a beta of 1.85. The firm has a fifty day moving average price of $533.02 and a 200-day moving average price of $612.26. Sterling Infrastructure, Inc. has a 12 month low of $281.58 and a 12 month high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.01 by $0.79. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $969.22 million. Sterling Infrastructure’s revenue for the quarter was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. On average, sell-side analysts expect that Sterling Infrastructure, Inc. will post 19.1 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on STRL shares. Weiss Ratings lowered Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 9th. KeyCorp cut their price target on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Wall Street Zen lowered Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. Cantor Fitzgerald decreased their price objective on Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Finally, DA Davidson assumed coverage on shares of Sterling Infrastructure in a research note on Friday, August 21st. They issued a “buy” rating and a $700.00 price objective for the company. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $690.33.

About Sterling Infrastructure

Sterling Infrastructure, Inc is an infrastructure services company that provides construction and rehabilitation solutions for public and private-sector customers in the United States. Formerly known as Sterling Construction Company, the company adopted its current name to reflect the expansion of its business beyond traditional transportation construction.

The company operates through three principal business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.