Harbor Capital Advisors Inc. Increases Stock Position in Sterling Infrastructure, Inc. $STRL

Harbor Capital Advisors Inc. boosted its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 6,893.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,287 shares of the construction company’s stock after purchasing an additional 3,240 shares during the period. Harbor Capital Advisors Inc.’s holdings in Sterling Infrastructure were worth $1,007,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities analysts have recently commented on STRL shares. Weiss Ratings upgraded Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 4th. Wall Street Zen cut shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 28th. Stifel Nicolaus set a $486.00 price objective on shares of Sterling Infrastructure and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, DA Davidson raised their price objective on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $489.33.

Insider Buying and Selling

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the business’s stock in a transaction 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 owned 11,498 shares in the company, valued at approximately $4,714,180. The trade was a 14.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Joseph A. Cutillo sold 50,000 shares of the stock in a transaction 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 directly owned 340,593 shares of the company’s stock, valued at approximately $154,452,113.64. The trade was a 12.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 56,860 shares of company stock valued at $25,285,000 in the last three months. 3.70% of the stock is currently owned by corporate insiders.

Sterling Infrastructure Price Performance

STRL stock opened at $416.34 on Monday. The stock has a market cap of $12.77 billion, a PE ratio of 44.43, a price-to-earnings-growth ratio of 2.16 and a beta of 1.51. The firm’s 50-day simple moving average is $412.05 and its 200 day simple moving average is $366.64. Sterling Infrastructure, Inc. has a fifty-two week low of $96.34 and a fifty-two week high of $477.03. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.25.

Sterling Infrastructure (NASDAQ:STRL) last posted its earnings results on Wednesday, February 25th. The construction company reported $3.08 EPS for the quarter, topping the consensus estimate of $2.63 by $0.45. The firm had revenue of $755.61 million during the quarter, compared to analysts’ expectations 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. As a group, sell-side analysts predict that Sterling Infrastructure, Inc. will post 5.98 EPS 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.