Clough Capital Partners L P Buys New Shares in Sterling Infrastructure, Inc. $STRL

Clough Capital Partners L P purchased a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 3rd quarter, Holdings Channel reports. The firm purchased 2,633 shares of the construction company’s stock, valued at approximately $894,000.

Other large investors have also made changes to their positions in the company. Twin Peaks Wealth Advisors LLC acquired a new stake in Sterling Infrastructure during the second quarter worth about $26,000. Root Financial Partners LLC acquired a new stake in shares of Sterling Infrastructure during the 3rd quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Sterling Infrastructure during the third quarter valued at approximately $28,000. Fifth Third Bancorp raised its stake in shares of Sterling Infrastructure by 76.1% in the third quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock valued at $28,000 after purchasing an additional 35 shares in the last quarter. Finally, Bogart Wealth LLC lifted its position in Sterling Infrastructure by 535.7% in the third 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. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insider Buying and Selling

In related news, Director Dana C. O’brien sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $410.00, for a total value of $820,000.00. Following the transaction, the director owned 11,498 shares in the company, valued at $4,714,180. This trade represents a 14.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dwayne Andree Wilson sold 2,860 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director directly owned 14,749 shares in the company, valued at $5,162,150. This trade represents a 16.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,860 shares of company stock worth $2,611,000 over the last quarter. 3.70% of the stock is owned by company insiders.

Sterling Infrastructure Trading Down 1.6%

Shares of STRL opened at $398.12 on Friday. The stock has a fifty day moving average price of $385.59 and a two-hundred day moving average price of $353.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.01 and a current ratio of 1.01. Sterling Infrastructure, Inc. has a 52-week low of $96.34 and a 52-week high of $477.03. The company has a market cap of $12.20 billion, a price-to-earnings ratio of 42.49, a PEG ratio of 2.07 and a beta of 1.48.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 4th. Stifel Nicolaus set a $486.00 price objective on shares of Sterling Infrastructure and gave the stock a “buy” rating in a 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 report on Monday, January 26th. DA Davidson increased their price target on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Finally, Cantor Fitzgerald lifted their price target on shares of Sterling Infrastructure from $413.00 to $482.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat.com, Sterling Infrastructure currently has a consensus rating of “Buy” and a consensus price target of $489.33.

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.