Nordea Investment Management AB Sells 5,470 Shares of Sterling Infrastructure, Inc. $STRL

Nordea Investment Management AB lowered its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 12.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,645 shares of the construction company’s stock after selling 5,470 shares during the quarter. Nordea Investment Management AB owned approximately 0.13% of Sterling Infrastructure worth $12,323,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. UMB Bank n.a. grew its holdings in shares of Sterling Infrastructure by 27.5% during the 3rd quarter. UMB Bank n.a. now owns 130 shares of the construction company’s stock valued at $44,000 after purchasing an additional 28 shares during the last quarter. Fifth Third Bancorp increased its position in Sterling Infrastructure by 76.1% during the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock worth $28,000 after purchasing an additional 35 shares in the last quarter. Richardson Financial Services Inc. lifted its stake in Sterling Infrastructure by 22.6% in the 3rd quarter. Richardson Financial Services Inc. now owns 233 shares of the construction company’s stock valued at $79,000 after purchasing an additional 43 shares during the last quarter. GK Wealth Management LLC lifted its stake in Sterling Infrastructure by 3.9% in the 4th quarter. GK Wealth Management LLC now owns 1,367 shares of the construction company’s stock valued at $419,000 after purchasing an additional 51 shares during the last quarter. Finally, Optiver Holding B.V. boosted its position in Sterling Infrastructure by 108.2% in the third quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock valued at $35,000 after buying an additional 53 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Cantor Fitzgerald boosted their target price 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. Stifel Nicolaus set a $486.00 price target on Sterling Infrastructure and gave the company a “buy” rating in a research note on Wednesday, February 11th. Zacks Research raised Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 4th. DA Davidson boosted their price objective on Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Finally, Weiss Ratings raised Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to MarketBeat.com, Sterling Infrastructure currently has an average rating of “Buy” and a consensus price target of $489.33.

Sterling Infrastructure Trading Up 5.6%

STRL opened at $446.16 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 1.01. Sterling Infrastructure, Inc. has a fifty-two week low of $96.34 and a fifty-two week high of $477.03. The company’s 50 day moving average price is $401.09 and its two-hundred day moving average price is $360.54. The firm has a market capitalization of $13.67 billion, a price-to-earnings ratio of 47.62, a PEG ratio of 2.20 and a beta of 1.48.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Wednesday, February 25th. The construction company reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.45. Sterling Infrastructure had a net margin of 11.65% and a return on equity of 32.82%. The firm had revenue of $755.61 million during the quarter, compared to the consensus estimate 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 earnings per share for the current year.

Insider Buying and Selling at Sterling Infrastructure

In other news, 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 completion of the sale, the director owned 14,749 shares of the company’s stock, valued at approximately $5,162,150. This represents a 16.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 of the company’s stock, valued at $4,714,180. This trade represents a 14.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 6,860 shares of company stock valued at $2,611,000. 2.70% of the stock is owned by corporate 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.