Sterling Infrastructure, Inc. $STRL Stock Position Raised by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 101,286.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 103,414 shares of the construction company’s stock after acquiring an additional 103,312 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Sterling Infrastructure were worth $31,668,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in STRL. Empowered Funds LLC purchased a new stake in shares of Sterling Infrastructure in the 1st quarter valued at approximately $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Sterling Infrastructure by 12.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company’s stock valued at $9,508,000 after acquiring an additional 9,625 shares in the last quarter. Focus Partners Wealth lifted its position in shares of Sterling Infrastructure by 13.7% in the 1st quarter. Focus Partners Wealth now owns 2,313 shares of the construction company’s stock valued at $262,000 after acquiring an additional 279 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Sterling Infrastructure in the 2nd quarter worth approximately $5,929,000. Finally, Cerity Partners LLC lifted its position in Sterling Infrastructure by 195.7% in the 2nd quarter. Cerity Partners LLC now owns 19,522 shares of the construction company’s stock worth $4,504,000 after buying an additional 12,921 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on STRL shares. DA Davidson increased their target price 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. Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 28th. Cantor Fitzgerald increased their target price on shares of Sterling Infrastructure from $482.00 to $956.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Stifel Nicolaus set a $486.00 target price on shares of Sterling Infrastructure and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, Argus started coverage on shares of Sterling Infrastructure in a research report on Thursday, April 16th. They issued a “buy” rating and a $510.00 target price for the company. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Sterling Infrastructure currently has a consensus rating of “Moderate Buy” and a consensus target price of $668.20.

Sterling Infrastructure Stock Down 9.2%

STRL stock opened at $770.76 on Tuesday. Sterling Infrastructure, Inc. has a 12-month low of $176.15 and a 12-month high of $893.13. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The company has a market cap of $23.65 billion, a price-to-earnings ratio of 68.94, a PEG ratio of 3.14 and a beta of 1.64. The company has a 50 day moving average of $518.53 and a two-hundred day moving average of $415.08.

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

Insider Buying and Selling at Sterling Infrastructure

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the firm’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following the transaction, the chief executive officer owned 290,593 shares in the company, valued at approximately $144,590,359.01. This trade represents a 14.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.60% of the company’s stock.

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.