Legato Capital Management LLC Sells 4,360 Shares of Sterling Infrastructure, Inc. $STRL

Legato Capital Management LLC trimmed its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 18.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,484 shares of the construction company’s stock after selling 4,360 shares during the quarter. Sterling Infrastructure makes up approximately 0.7% of Legato Capital Management LLC’s investment portfolio, making the stock its 20th biggest holding. Legato Capital Management LLC’s holdings in Sterling Infrastructure were worth $6,618,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Teachers Retirement System of The State of Kentucky boosted its position in Sterling Infrastructure by 6.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 8,584 shares of the construction company’s stock valued at $2,916,000 after acquiring an additional 550 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Sterling Infrastructure by 6.6% during the 3rd quarter. Victory Capital Management Inc. now owns 57,745 shares of the construction company’s stock worth $19,615,000 after purchasing an additional 3,576 shares during the last quarter. CI Investments Inc. boosted its position in Sterling Infrastructure by 56.0% during the third quarter. CI Investments Inc. now owns 170 shares of the construction company’s stock valued at $58,000 after purchasing an additional 61 shares in the last quarter. Kingsview Wealth Management LLC purchased a new position in Sterling Infrastructure in the third quarter valued at about $261,000. Finally, Journey Strategic Wealth LLC bought a new position in Sterling Infrastructure in the third quarter worth about $304,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. Zacks Research downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. 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 report on Monday. Stifel Nicolaus set a $486.00 price objective on Sterling Infrastructure and gave the company a “buy” rating in a report on Wednesday, February 11th. Finally, DA Davidson boosted their target price on Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $489.33.

Insider Buying and Selling at Sterling Infrastructure

In related news, Director Dana C. O’brien sold 2,000 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $410.00, for a total transaction of $820,000.00. Following the completion of the transaction, the director directly owned 11,498 shares in the company, valued at $4,714,180. The trade was a 14.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dwayne Andree Wilson sold 2,860 shares of the stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $350.00, for a total value of $1,001,000.00. Following the sale, the director directly owned 14,749 shares in the company, valued at $5,162,150. This represents a 16.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 6,860 shares of company stock valued at $2,611,000. 2.70% of the stock is currently owned by corporate insiders.

Sterling Infrastructure Stock Performance

Shares of STRL opened at $432.87 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a 50-day moving average of $368.28 and a two-hundred day moving average of $345.52. The stock has a market cap of $13.26 billion, a P/E ratio of 46.20, a P/E/G ratio of 2.45 and a beta of 1.48. Sterling Infrastructure, Inc. has a one year low of $96.34 and a one year high of $477.03.

Sterling Infrastructure (NASDAQ:STRL) last issued its earnings results on Wednesday, February 25th. The construction company reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $2.63 by $0.45. Sterling Infrastructure had a return on equity of 32.82% and a net margin of 11.65%.The firm had revenue of $755.61 million for the quarter, compared to analyst estimates of $639.41 million. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. As a group, research analysts predict that Sterling Infrastructure, Inc. will post 5.98 EPS for the current year.

Sterling Infrastructure announced that its board has approved a share buyback plan on Wednesday, November 12th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the construction company to repurchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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.