Sterling Infrastructure (NASDAQ:STRL) CEO Sells $22,674,000.00 in Stock

Sterling Infrastructure, Inc. (NASDAQ:STRL) CEO Joseph Cutillo sold 50,000 shares of the stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $453.48, for a total transaction of $22,674,000.00. Following the sale, the chief executive officer owned 340,593 shares in the company, valued at approximately $154,452,113.64. This trade represents a 12.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Sterling Infrastructure Stock Performance

Shares of STRL stock opened at $420.24 on Friday. The firm has a 50 day moving average of $406.74 and a two-hundred day moving average of $362.49. The stock has a market capitalization of $12.88 billion, a PE ratio of 44.85, a P/E/G ratio of 2.16 and a beta of 1.48. 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, Inc. has a 52 week low of $96.34 and a 52 week high of $477.03.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Wednesday, February 25th. The construction company reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.45. The business had revenue of $755.61 million for the quarter, compared to analyst estimates 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. On average, research analysts predict that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on STRL. Cantor Fitzgerald increased their price target on Sterling Infrastructure from $413.00 to $482.00 and gave the company an “overweight” rating in a research 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 research report on Wednesday, February 11th. Weiss Ratings upgraded shares of Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 4th. Finally, Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $489.33.

Institutional Investors Weigh In On Sterling Infrastructure

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp increased its stake in Sterling Infrastructure by 62.0% in 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 position in shares of Sterling Infrastructure by 82.7% during the 2nd 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 shares of Sterling Infrastructure by 84.6% during the 3rd 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 holdings in shares of Sterling Infrastructure by 83.5% in the 3rd quarter. First Trust Advisors LP now owns 606,236 shares of the construction company’s stock valued at $205,926,000 after buying an additional 275,830 shares in the last quarter. Finally, Capital Research Global Investors boosted its holdings in shares of Sterling Infrastructure by 104.1% in the 3rd quarter. Capital Research Global Investors now owns 364,830 shares of the construction company’s stock valued at $123,925,000 after buying an additional 186,122 shares in the last quarter. Institutional investors and hedge funds own 80.95% 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.