Swiss Life Asset Management Ltd Has $675,000 Stock Holdings in Sterling Infrastructure, Inc. $STRL

Swiss Life Asset Management Ltd raised its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 60.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,204 shares of the construction company’s stock after acquiring an additional 834 shares during the period. Swiss Life Asset Management Ltd’s holdings in Sterling Infrastructure were worth $675,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in STRL. Root Financial Partners LLC acquired a new position in Sterling Infrastructure in the 3rd quarter valued at $26,000. Wilmington Savings Fund Society FSB acquired a new position in Sterling Infrastructure in the 3rd quarter valued at $28,000. Fifth Third Bancorp raised its holdings in Sterling Infrastructure by 76.1% in the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock valued at $28,000 after acquiring an additional 35 shares in the last quarter. Rakuten Securities Inc. raised its holdings in Sterling Infrastructure by 6,950.0% in the 2nd quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock valued at $33,000 after acquiring an additional 139 shares in the last quarter. Finally, Optiver Holding B.V. raised its holdings in Sterling Infrastructure by 108.2% in the 3rd quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock valued at $35,000 after acquiring an additional 53 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Sterling Infrastructure

In related news, CEO Joseph A. Cutillo sold 50,000 shares of the company’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following the sale, the chief executive officer owned 290,593 shares in the company, valued at $144,590,359.01. This represents a 14.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is currently owned by insiders.

Sterling Infrastructure Trading Down 4.5%

Shares of STRL opened at $848.84 on Friday. The firm has a market cap of $26.05 billion, a price-to-earnings ratio of 75.92, a PEG ratio of 3.14 and a beta of 1.64. Sterling Infrastructure, Inc. has a 52-week low of $176.15 and a 52-week high of $893.13. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.10. The business’s fifty day moving average is $511.09 and its 200-day moving average is $412.07.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $1.30. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.The firm had revenue of $825.68 million for the quarter, compared to analyst estimates of $603.58 million. During the same quarter in the previous year, the company posted $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Equities analysts anticipate that Sterling Infrastructure, Inc. will post 18.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on STRL shares. Zacks Research lowered Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. KeyCorp lifted their price target on Sterling Infrastructure from $572.00 to $889.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. DA Davidson lifted their price target on Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Wall Street Zen lowered Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 28th. Finally, 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. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $668.20.

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.