CWA Asset Management Group LLC Reduces Stake in Sterling Infrastructure, Inc. $STRL

CWA Asset Management Group LLC reduced its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 79.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,773 shares of the construction company’s stock after selling 6,739 shares during the quarter. CWA Asset Management Group LLC’s holdings in Sterling Infrastructure were worth $543,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in STRL. State Street Corp increased its position in shares of Sterling Infrastructure by 62.0% during the 2nd 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 position in Sterling Infrastructure by 82.7% in the second quarter. Invesco Ltd. now owns 735,910 shares of the construction company’s stock worth $169,797,000 after buying an additional 333,013 shares during the last quarter. American Century Companies Inc. lifted its position in 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 last quarter. First Trust Advisors LP boosted its stake in Sterling Infrastructure by 83.5% during the third quarter. First Trust Advisors LP now owns 606,236 shares of the construction company’s stock worth $205,926,000 after buying an additional 275,830 shares during the period. Finally, Capital Research Global Investors boosted its stake in Sterling Infrastructure by 104.1% during the third quarter. Capital Research Global Investors now owns 364,830 shares of the construction company’s stock worth $123,925,000 after buying an additional 186,122 shares during the period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Dwayne Andree Wilson sold 2,860 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly owned 14,749 shares of the company’s stock, valued at approximately $5,162,150. This trade represents a 16.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dana C. O’brien sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $410.00, for a total value of $820,000.00. Following the completion of the sale, the director owned 11,498 shares of the company’s stock, valued at $4,714,180. The trade was a 14.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 6,860 shares of company stock valued at $2,611,000. 2.70% of the stock is owned by corporate insiders.

Sterling Infrastructure Stock Performance

STRL stock opened at $422.55 on Tuesday. Sterling Infrastructure, Inc. has a twelve month low of $96.34 and a twelve month high of $477.03. The firm has a market cap of $12.95 billion, a price-to-earnings ratio of 45.10, a PEG ratio of 2.09 and a beta of 1.48. The business’s fifty day simple moving average is $398.60 and its two-hundred day simple moving average is $359.41. 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 issued its earnings results on Wednesday, February 25th. The construction company reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.45. The firm had revenue of $755.61 million during the quarter, compared to analyst estimates 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. Analysts predict that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. 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 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 upgraded shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 7th. Stifel Nicolaus set a $486.00 price objective on shares of Sterling Infrastructure and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, Zacks Research raised 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 given a Buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $489.33.

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.