Dakota Wealth Management Buys New Shares in Sterling Infrastructure, Inc. $STRL

Dakota Wealth Management purchased a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,251 shares of the construction company’s stock, valued at approximately $1,302,000.

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

Wall Street Analyst Weigh In

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

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL opened at $420.24 on Monday. Sterling Infrastructure, Inc. has a 12-month low of $96.34 and a 12-month high of $477.03. The company has a market cap of $12.89 billion, a P/E ratio of 44.85, a P/E/G ratio of 2.18 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. The stock has a fifty day moving average price of $406.74 and a 200 day moving average price of $363.46.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data 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 return on equity of 32.82% and a net margin of 11.65%.The company had revenue of $755.61 million for the quarter, compared to analyst estimates of $639.41 million. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. Research analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

Insider Activity at Sterling Infrastructure

In related news, Director Dana C. O’brien sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $410.00, for a total transaction of $820,000.00. Following the sale, 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 SEC, which can be accessed through this link. Also, CEO Joseph A. Cutillo sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $453.48, for a total value of $22,674,000.00. Following the completion of the transaction, the chief executive officer owned 340,593 shares of the company’s stock, valued at approximately $154,452,113.64. This represents a 12.80% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 56,860 shares of company stock worth $25,285,000. 2.70% of the stock is currently owned by company insiders.

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.