JPMorgan Chase & Co. Has $39.99 Million Stock Position in Sterling Infrastructure, Inc. $STRL

JPMorgan Chase & Co. reduced its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 4.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 117,724 shares of the construction company’s stock after selling 4,899 shares during the period. JPMorgan Chase & Co. owned approximately 0.38% of Sterling Infrastructure worth $39,988,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of STRL. Root Financial Partners LLC bought a new position in Sterling Infrastructure during the third quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new stake in Sterling Infrastructure in the 3rd quarter valued at $28,000. Fifth Third Bancorp grew its position in 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 purchasing an additional 35 shares during the last quarter. Bogart Wealth LLC increased its holdings in shares of 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, Optiver Holding B.V. increased its holdings in shares of Sterling Infrastructure by 108.2% during the 3rd quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock worth $35,000 after purchasing an additional 53 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Sterling Infrastructure

In other news, Director Dwayne Andree Wilson sold 2,860 shares of the company’s 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 sale, the director owned 14,749 shares of the company’s stock, valued at approximately $5,162,150. This represents a 16.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure 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 directly owned 11,498 shares of the company’s stock, valued at $4,714,180. This represents a 14.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,860 shares of company stock valued at $2,611,000 over the last quarter. Corporate insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on STRL. DA Davidson increased their target price on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Cantor Fitzgerald upped their price target on Sterling Infrastructure from $413.00 to $482.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Stifel Nicolaus set a $486.00 price objective on Sterling Infrastructure and gave the stock a “buy” rating in a report on Wednesday, February 11th. Weiss Ratings upgraded Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. Finally, Wall Street Zen upgraded Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 7th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $489.33.

Sterling Infrastructure Stock Down 7.0%

NASDAQ STRL opened at $401.61 on Friday. Sterling Infrastructure, Inc. has a 1-year low of $96.34 and a 1-year high of $477.03. The company has a market capitalization of $12.31 billion, a price-to-earnings ratio of 42.86, a PEG ratio of 2.09 and a beta of 1.48. The stock’s 50 day moving average is $396.30 and its two-hundred day moving average is $357.88. 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 issued 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 business had revenue of $755.61 million during the quarter, compared to analysts’ expectations of $639.41 million. Sterling Infrastructure had a return on equity of 32.82% and a net margin of 11.65%.Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. Equities analysts forecast that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current fiscal year.

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.