Sterling Infrastructure, Inc. $STRL Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise trimmed its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 30.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,500 shares of the construction company’s stock after selling 1,500 shares during the period. Banque Cantonale Vaudoise’s holdings in Sterling Infrastructure were worth $1,189,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Twin Peaks Wealth Advisors LLC purchased a new stake in Sterling Infrastructure in the 2nd quarter worth approximately $26,000. Root Financial Partners LLC acquired a new stake in shares of Sterling Infrastructure during the 3rd quarter valued at $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Sterling Infrastructure during the 3rd quarter valued at $28,000. Fifth Third Bancorp increased its stake in shares of Sterling Infrastructure by 76.1% in the third quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock worth $28,000 after acquiring an additional 35 shares during the last quarter. Finally, Bogart Wealth LLC increased its stake in shares of Sterling Infrastructure by 535.7% in the third quarter. Bogart Wealth LLC now owns 89 shares of the construction company’s stock worth $30,000 after acquiring an additional 75 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on STRL shares. Stifel Nicolaus set a $486.00 price objective on Sterling Infrastructure and gave the company a “buy” rating in a research report on Wednesday, February 11th. Wall Street Zen raised Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 7th. DA Davidson lifted their price target on Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a report on Friday, February 27th. Cantor Fitzgerald boosted their price target on Sterling Infrastructure from $413.00 to $482.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Finally, Weiss Ratings raised shares of Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $489.33.

Sterling Infrastructure Price Performance

NASDAQ STRL opened at $420.60 on Thursday. Sterling Infrastructure, Inc. has a 1 year low of $96.34 and a 1 year high of $477.03. The company has a fifty day simple moving average of $382.05 and a 200 day simple moving average of $351.54. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.25. The company has a market cap of $12.89 billion, a P/E ratio of 44.89, a P/E/G ratio of 2.14 and a beta of 1.48.

Sterling Infrastructure (NASDAQ:STRL) last released its earnings results on Wednesday, February 25th. The construction company reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.45. The firm had revenue of $755.61 million during the quarter, compared to analyst estimates of $639.41 million. Sterling Infrastructure had a net margin of 11.65% and a return on equity of 32.82%. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. On average, sell-side analysts predict that Sterling Infrastructure, Inc. will post 5.98 EPS for the current year.

Sterling Infrastructure declared that its board has initiated a stock repurchase program on Wednesday, November 12th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 3.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Dana C. O’brien sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $410.00, for a total transaction of $820,000.00. Following the completion of the transaction, the director directly owned 11,498 shares in the company, valued at $4,714,180. The trade was a 14.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwayne Andree Wilson sold 2,860 shares of the firm’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $350.00, for a total transaction of $1,001,000.00. Following the completion of the sale, the director owned 14,749 shares in the company, valued at approximately $5,162,150. The trade was a 16.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,860 shares of company stock worth $2,611,000 in the last ninety days. Insiders own 3.70% of the company’s stock.

About Sterling Infrastructure

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.