WNY Asset Management LLC Makes New $621,000 Investment in Sterling Infrastructure, Inc. $STRL

WNY Asset Management LLC purchased a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the 1st quarter, Holdings Channel reports. The firm purchased 1,526 shares of the construction company’s stock, valued at approximately $621,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BankChampaign National Association purchased a new stake in shares of Sterling Infrastructure during the first quarter valued at $661,000. Norris Financial Group LLC purchased a new position in Sterling Infrastructure in the 1st quarter worth about $262,000. Janus Henderson Group PLC raised its position in Sterling Infrastructure by 7.5% in the 1st quarter. Janus Henderson Group PLC now owns 619,145 shares of the construction company’s stock worth $252,207,000 after buying an additional 43,259 shares during the last quarter. Cim LLC raised its position in Sterling Infrastructure by 813.0% in the 1st quarter. Cim LLC now owns 12,152 shares of the construction company’s stock worth $4,949,000 after buying an additional 10,821 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in Sterling Infrastructure by 29.5% during the 1st quarter. Arkadios Wealth Advisors now owns 891 shares of the construction company’s stock valued at $363,000 after acquiring an additional 203 shares during the period. 80.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Sterling Infrastructure in a report on Thursday, June 18th. Weiss Ratings cut shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. KeyCorp raised their target price on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Finally, Argus initiated coverage on shares of Sterling Infrastructure in a research report on Thursday, April 16th. They issued a “buy” rating and a $510.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $720.67.

Insider Activity

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the business’s 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 directly owned 28,137 shares in the company, valued at approximately $24,985,656. The trade was a 8.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.60% of the company’s stock.

Sterling Infrastructure Trading Up 2.8%

Shares of NASDAQ:STRL opened at $596.77 on Friday. The stock’s 50-day simple moving average is $765.43 and its two-hundred day simple moving average is $576.37. The stock has a market capitalization of $18.31 billion, a price-to-earnings ratio of 53.38, a PEG ratio of 2.18 and a beta of 1.83. Sterling Infrastructure, Inc. has a 52-week low of $244.02 and a 52-week high of $1,005.68. 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 released its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $603.58 million. During the same quarter in the prior year, the firm earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Analysts expect that Sterling Infrastructure, Inc. will post 18.24 EPS for the current year.

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.