2,210 Shares in Sterling Infrastructure, Inc. $STRL Acquired by Independent Financial Group LLC

Independent Financial Group LLC purchased a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,210 shares of the construction company’s stock, valued at approximately $900,000.

Several other hedge funds have also added to or reduced their stakes in STRL. Kemnay Advisory Services Inc. acquired a new position in shares of Sterling Infrastructure in the fourth quarter valued at $31,000. EverSource Wealth Advisors LLC lifted 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 buying an additional 27 shares during the last quarter. Cedar Mountain Advisors LLC lifted its stake in shares of Sterling Infrastructure by 8,000.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock worth $33,000 after buying an additional 80 shares during the last quarter. Rakuten Securities Inc. boosted its holdings in shares of Sterling Infrastructure by 6,950.0% during the 2nd quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock worth $33,000 after buying an additional 139 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Sterling Infrastructure by 316.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 104 shares of the construction company’s stock worth $35,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on STRL shares. Weiss Ratings raised shares of Sterling Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. Wall Street Zen cut Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Oppenheimer began coverage on Sterling Infrastructure in a research report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 target price on the stock. Cantor Fitzgerald reiterated an “overweight” rating on shares of Sterling Infrastructure in a research note on Thursday, June 18th. Finally, Argus initiated coverage on Sterling Infrastructure in a report on Thursday, April 16th. They set a “buy” rating and a $510.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $720.67.

Insider Activity 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 value of $24,878,500.00. Following the completion of the sale, the chief executive officer directly owned 290,593 shares in the company, valued at approximately $144,590,359.01. The trade was a 14.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Mark D. Wolf sold 2,500 shares of Sterling Infrastructure stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the completion of the sale, the general counsel owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. The trade was a 8.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.60% of the stock is currently owned by company insiders.

Sterling Infrastructure Trading Up 6.8%

STRL stock opened at $694.40 on Wednesday. Sterling Infrastructure, Inc. has a 52 week low of $230.00 and a 52 week high of $1,005.68. The company has a market capitalization of $21.31 billion, a PE ratio of 62.11, a price-to-earnings-growth ratio of 2.36 and a beta of 1.83. The company’s 50-day simple moving average is $792.78 and its 200 day simple moving average is $561.03. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.10.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data 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. The business had revenue of $825.67 million during the quarter, compared to analysts’ expectations of $603.58 million. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. During the same quarter in the previous year, the company earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, sell-side analysts anticipate that Sterling Infrastructure, Inc. will post 18.35 earnings per share for the current year.

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.