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 company’s stock in a transaction dated 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 directly 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Sterling Infrastructure Price Performance

STRL stock opened at $382.55 on Tuesday. The company’s 50-day moving average price is $407.38 and its two-hundred day moving average price is $363.93. The firm has a market cap of $11.74 billion, a P/E ratio of 40.83, a P/E/G ratio of 2.18 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 12 month low of $96.34 and a 12 month high of $477.03.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings results 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 company had revenue of $755.61 million during the quarter, compared to the consensus estimate 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 anticipate that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current fiscal year.

Institutional Trading of Sterling Infrastructure

A number of hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC acquired a new position in shares of Sterling Infrastructure in the third quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Sterling Infrastructure during the 3rd quarter worth approximately $28,000. Fifth Third Bancorp grew its holdings 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 acquiring an additional 35 shares during the last quarter. Bogart Wealth LLC grew its holdings in Sterling Infrastructure by 535.7% during the 3rd quarter. Bogart Wealth LLC now owns 89 shares of the construction company’s stock worth $30,000 after acquiring an additional 75 shares during the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new position in Sterling Infrastructure in the 4th quarter valued at approximately $31,000. 80.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STRL has been the topic of a number of research analyst reports. DA Davidson raised their target price on Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a report on Friday, February 27th. Wall Street Zen cut Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday. Zacks Research upgraded Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 4th. Stifel Nicolaus set a $486.00 price objective on Sterling Infrastructure and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, Cantor Fitzgerald lifted their target price on Sterling Infrastructure from $413.00 to $482.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.