Victory Capital Management Inc. Acquires 3,576 Shares of Sterling Infrastructure, Inc. $STRL

Victory Capital Management Inc. grew its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 6.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,745 shares of the construction company’s stock after purchasing an additional 3,576 shares during the period. Victory Capital Management Inc. owned approximately 0.19% of Sterling Infrastructure worth $19,615,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. CI Investments Inc. lifted its position in shares of Sterling Infrastructure by 56.0% during the 3rd quarter. CI Investments Inc. now owns 170 shares of the construction company’s stock worth $58,000 after buying an additional 61 shares during the period. Kingsview Wealth Management LLC bought a new stake in Sterling Infrastructure in the third quarter valued at $261,000. Journey Strategic Wealth LLC bought a new stake in Sterling Infrastructure in the third quarter valued at $304,000. William Blair Investment Management LLC acquired a new position in Sterling Infrastructure during the third quarter worth $26,526,000. Finally, Arete Wealth Advisors LLC acquired a new position in Sterling Infrastructure during the third quarter worth $207,000. 80.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

STRL has been the topic of several recent analyst reports. DA Davidson boosted their target price on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 4th. Weiss Ratings upgraded shares of Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. Stifel Nicolaus set a $486.00 price objective on shares of Sterling Infrastructure and gave the stock a “buy” rating in a report on Wednesday, February 11th. Finally, Cantor Fitzgerald lifted their target price on shares of Sterling Infrastructure from $413.00 to $482.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $489.33.

Insiders Place Their Bets

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $410.00, for a total value of $820,000.00. Following the transaction, the director directly owned 11,498 shares in the company, valued at approximately $4,714,180. This trade represents a 14.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwayne Andree Wilson sold 2,860 shares of Sterling Infrastructure stock in a transaction on Friday, January 16th. The shares were sold at an average price of $350.00, for a total value of $1,001,000.00. Following the completion of the sale, the director directly owned 14,749 shares of the company’s stock, valued at $5,162,150. This trade represents a 16.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,860 shares of company stock worth $2,611,000 over the last quarter. Corporate insiders own 2.70% of the company’s stock.

Sterling Infrastructure Trading Up 4.1%

STRL opened at $411.38 on Tuesday. Sterling Infrastructure, Inc. has a 1-year low of $96.34 and a 1-year high of $477.03. The firm has a 50-day moving average price of $377.68 and a two-hundred day moving average price of $350.12. The stock has a market capitalization of $12.60 billion, a PE ratio of 43.90, a PEG ratio of 2.05 and a beta of 1.48. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.25.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Wednesday, February 25th. The construction company reported $3.08 EPS for the quarter, beating the consensus estimate of $2.63 by $0.45. Sterling Infrastructure had a net margin of 11.65% and a return on equity of 32.82%. The business had revenue of $755.61 million for the quarter, compared to analysts’ expectations of $639.41 million. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. As a group, equities analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current fiscal year.

Sterling Infrastructure announced that its Board of Directors has approved a share buyback program on Wednesday, November 12th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 3.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.