Sterling Infrastructure, Inc. $STRL Stock Holdings Trimmed by Citigroup Inc.

Citigroup Inc. lowered its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 56.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,420 shares of the construction company’s stock after selling 16,380 shares during the quarter. Citigroup Inc.’s holdings in Sterling Infrastructure were worth $4,219,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Kovack Advisors Inc. increased its holdings in shares of Sterling Infrastructure by 17.8% in the 3rd quarter. Kovack Advisors Inc. now owns 3,984 shares of the construction company’s stock valued at $1,353,000 after acquiring an additional 603 shares during the last quarter. Prakash Investment Advisors LLC bought a new stake in Sterling Infrastructure during the third quarter valued at $340,000. Rothschild Investment LLC increased its stake in Sterling Infrastructure by 73.5% during the third quarter. Rothschild Investment LLC now owns 354 shares of the construction company’s stock valued at $120,000 after purchasing an additional 150 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of Sterling Infrastructure during the third quarter worth $599,000. Finally, Fifth Third Bancorp lifted its position in shares of Sterling Infrastructure by 76.1% in the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock worth $28,000 after buying an additional 35 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

Insider Transactions at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $410.00, for a total transaction of $820,000.00. Following the transaction, the director owned 11,498 shares of the company’s stock, valued at approximately $4,714,180. This trade represents a 14.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dwayne Andree Wilson sold 2,860 shares of the company’s stock in a transaction that occurred 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 directly owned 14,749 shares of the company’s stock, valued at approximately $5,162,150. This represents a 16.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 6,860 shares of company stock worth $2,611,000. Company insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on STRL shares. Cantor Fitzgerald boosted their price objective on shares of Sterling Infrastructure from $413.00 to $482.00 and gave the company an “overweight” rating in a research report on Monday. Stifel Nicolaus set a $486.00 target price on Sterling Infrastructure and gave the company a “buy” rating in a research note on Wednesday, February 11th. DA Davidson increased their price target on Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Weiss Ratings raised Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. Finally, Zacks Research downgraded Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $489.33.

Sterling Infrastructure Stock Performance

Shares of NASDAQ STRL opened at $420.22 on Thursday. 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 $12.88 billion, a PE ratio of 44.85, a P/E/G ratio of 2.37 and a beta of 1.48. The stock has a 50 day simple moving average of $372.40 and a 200-day simple moving average of $347.02. 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 announced its earnings results on Wednesday, February 25th. The construction company reported $3.08 earnings per share 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 firm 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. On average, equities research analysts forecast that Sterling Infrastructure, Inc. will post 5.98 EPS for the current year.

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