Meiji Yasuda Asset Management Co Ltd. Takes $217,000 Position in Sterling Infrastructure, Inc. $STRL

Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 707 shares of the construction company’s stock, valued at approximately $217,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Root Financial Partners LLC acquired a new stake in shares of Sterling Infrastructure during the 3rd quarter valued at approximately $26,000. Fifth Third Bancorp lifted its position in shares of Sterling Infrastructure by 76.1% during 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 during the period. Rakuten Securities Inc. lifted its position in shares of Sterling Infrastructure by 6,950.0% during 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 during the period. Optiver Holding B.V. lifted its position in shares of Sterling Infrastructure by 108.2% during 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 during the period. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Sterling Infrastructure by 316.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 104 shares of the construction company’s stock valued at $35,000 after acquiring an additional 79 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STRL has been the subject of a number of recent research reports. Stifel Nicolaus set a $486.00 price objective on shares of Sterling Infrastructure and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Wall Street Zen raised shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Cantor Fitzgerald raised their price objective on shares of Sterling Infrastructure from $482.00 to $956.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. DA Davidson raised their price objective on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Finally, Argus initiated coverage on shares of Sterling Infrastructure in a research note on Thursday, April 16th. They set a “buy” rating and a $510.00 price objective for the company. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Sterling Infrastructure currently has an average rating of “Moderate Buy” and a consensus price target of $668.20.

Sterling Infrastructure Stock Performance

Shares of STRL opened at $732.94 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a 50 day simple moving average of $544.70 and a 200-day simple moving average of $424.89. Sterling Infrastructure, Inc. has a 1-year low of $179.46 and a 1-year high of $893.13. The stock has a market cap of $22.49 billion, a price-to-earnings ratio of 65.56, a price-to-earnings-growth ratio of 2.71 and a beta of 1.64.

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

Insider Buying and Selling

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 50,000 shares of Sterling Infrastructure stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total value of $24,878,500.00. Following the completion of the sale, the chief executive officer directly owned 290,593 shares of the company’s stock, valued at approximately $144,590,359.01. The trade was a 14.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.