SG Americas Securities LLC Increases Holdings in Sterling Infrastructure, Inc. $STRL

SG Americas Securities LLC lifted its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 107.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,837 shares of the construction company’s stock after acquiring an additional 2,508 shares during the period. SG Americas Securities LLC’s holdings in Sterling Infrastructure were worth $1,481,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in STRL. Empowered Funds LLC acquired a new position in Sterling Infrastructure during the first quarter worth approximately $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Sterling Infrastructure by 12.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company’s stock worth $9,508,000 after acquiring an additional 9,625 shares during the last quarter. Focus Partners Wealth increased its holdings in shares of Sterling Infrastructure by 13.7% in the 1st quarter. Focus Partners Wealth now owns 2,313 shares of the construction company’s stock valued at $262,000 after acquiring an additional 279 shares during the period. Lido Advisors LLC acquired a new position in shares of Sterling Infrastructure in the 2nd quarter valued at $374,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Sterling Infrastructure in the 2nd quarter valued at $5,929,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Trading Down 5.4%

Shares of STRL stock opened at $393.71 on Tuesday. The stock has a market cap of $12.08 billion, a P/E ratio of 42.02, a P/E/G ratio of 2.16 and a beta of 1.51. 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 fifty-two week low of $98.36 and a fifty-two week high of $477.03. The business has a fifty day simple moving average of $412.70 and a 200-day simple moving average of $366.95.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Wednesday, February 25th. The construction company reported $3.08 EPS for the quarter, beating the consensus estimate 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 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. On average, analysts forecast that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 4th. Wall Street Zen cut Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 28th. DA Davidson upped their price objective on Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Weiss Ratings raised Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $489.33.

Insider Activity at Sterling Infrastructure

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $453.48, for a total transaction of $22,674,000.00. Following the completion of the transaction, the chief executive officer owned 340,593 shares of the company’s stock, valued at $154,452,113.64. This represents a 12.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dana C. O’brien sold 2,000 shares of the 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 transaction, the director owned 11,498 shares in the company, valued at approximately $4,714,180. The trade was a 14.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 56,860 shares of company stock worth $25,285,000. 3.70% of the stock is currently owned by insiders.

About Sterling Infrastructure

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.