Baker Ellis Asset Management LLC Cuts Stock Position in Sterling Infrastructure, Inc. $STRL

Baker Ellis Asset Management LLC lessened its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,183 shares of the construction company’s stock after selling 2,027 shares during the quarter. Sterling Infrastructure makes up 1.9% of Baker Ellis Asset Management LLC’s investment portfolio, making the stock its 12th largest holding. Baker Ellis Asset Management LLC owned approximately 0.17% of Sterling Infrastructure worth $15,980,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC purchased a new stake in Sterling Infrastructure during the 3rd quarter worth about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Sterling Infrastructure during the 3rd quarter worth about $28,000. Fifth Third Bancorp increased its holdings in Sterling Infrastructure by 76.1% during the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock worth $28,000 after purchasing an additional 35 shares during the period. 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 period. Finally, Rakuten Securities Inc. increased its holdings in Sterling Infrastructure by 6,950.0% during the 2nd quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock worth $33,000 after purchasing an additional 139 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insider Activity

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 340,593 shares in the company, valued at approximately $154,452,113.64. This represents a 12.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dwayne Andree Wilson sold 2,860 shares of the stock in a transaction dated 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 transaction, 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. In the last 90 days, insiders have sold 56,860 shares of company stock worth $25,285,000. 3.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on STRL. DA Davidson lifted their price target on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Stifel Nicolaus set a $486.00 price target on shares of Sterling Infrastructure and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Cantor Fitzgerald lifted their price target on shares of Sterling Infrastructure from $413.00 to $482.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 28th. Finally, Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $489.33.

Sterling Infrastructure Trading Up 10.8%

STRL opened at $423.35 on Thursday. Sterling Infrastructure, Inc. has a one year low of $111.44 and a one year high of $477.03. The company has a market cap of $12.99 billion, a P/E ratio of 45.18, a PEG ratio of 2.16 and a beta of 1.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.01 and a current ratio of 1.01. The business’s 50-day simple moving average is $413.89 and its 200-day simple moving average is $367.50.

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 analysts’ consensus estimates of $2.63 by $0.45. Sterling Infrastructure had a return on equity of 32.82% and a net margin of 11.65%.The business had revenue of $755.61 million for the quarter, compared to the consensus estimate of $639.41 million. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. As a group, equities research analysts expect that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal 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.