Sterling Infrastructure, Inc. $STRL Stock Holdings Increased by Allworth Financial LP

Allworth Financial LP raised its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 1,307.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,631 shares of the construction company’s stock after buying an additional 7,089 shares during the period. Allworth Financial LP’s holdings in Sterling Infrastructure were worth $2,592,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in STRL. State Street Corp lifted its holdings in shares of Sterling Infrastructure by 62.0% during the second quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock valued at $261,129,000 after purchasing an additional 433,311 shares during the last quarter. Invesco Ltd. lifted its stake in Sterling Infrastructure by 29.8% during the third quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock valued at $324,526,000 after buying an additional 219,477 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Sterling Infrastructure by 84.6% in the third quarter. American Century Companies Inc. now owns 654,096 shares of the construction company’s stock worth $222,184,000 after buying an additional 299,724 shares during the period. First Trust Advisors LP increased its position in shares of Sterling Infrastructure by 83.5% in the third quarter. First Trust Advisors LP now owns 606,236 shares of the construction company’s stock worth $205,926,000 after acquiring an additional 275,830 shares in the last quarter. Finally, UBS Group AG increased its position in shares of Sterling Infrastructure by 45.4% in the third quarter. UBS Group AG now owns 483,864 shares of the construction company’s stock worth $164,359,000 after acquiring an additional 151,146 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 4th. Cantor Fitzgerald lifted their price objective 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. Wall Street Zen raised shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 7th. Stifel Nicolaus set a $486.00 target price on Sterling Infrastructure and gave the company a “buy” rating in a report on Wednesday, February 11th. Finally, DA Davidson raised their target price on Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat.com, Sterling Infrastructure currently has an average rating of “Buy” and a consensus target price of $489.33.

Sterling Infrastructure Stock Performance

Shares of STRL opened at $401.61 on Friday. The company’s 50 day moving average price is $396.30 and its 200 day moving average price is $357.88. Sterling Infrastructure, Inc. has a 52 week low of $96.34 and a 52 week high of $477.03. The company has a market capitalization of $12.31 billion, a PE ratio of 42.86, a PEG ratio of 2.09 and a beta of 1.48. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.01 and a current ratio of 1.01.

Sterling Infrastructure (NASDAQ:STRL) last released its earnings results on Wednesday, February 25th. The construction company reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.45. The company had revenue of $755.61 million during the quarter, compared to the consensus estimate 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. Research analysts expect that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

Insider Transactions at Sterling Infrastructure

In other news, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure 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 completion of the sale, the director directly owned 11,498 shares in the company, valued at $4,714,180. The trade was a 14.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dwayne Andree Wilson sold 2,860 shares of Sterling Infrastructure stock in a transaction on Friday, January 16th. The shares were 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. The trade was a 16.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,860 shares of company stock valued at $2,611,000 over the last ninety days. Company insiders own 3.70% of the company’s stock.

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.