Rice Hall James & Associates LLC Has $2.22 Million Position in Sterling Infrastructure, Inc. $STRL

Rice Hall James & Associates LLC reduced its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 19.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 7,241 shares of the construction company’s stock after selling 1,693 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Sterling Infrastructure were worth $2,217,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC acquired a new stake in Sterling Infrastructure in the 4th quarter valued at $2,105,000. Truist Financial Corp increased its stake in Sterling Infrastructure by 30.8% in the 4th quarter. Truist Financial Corp now owns 5,005 shares of the construction company’s stock valued at $1,533,000 after buying an additional 1,179 shares during the last quarter. Telligent Fund LP acquired a new stake in Sterling Infrastructure in the 3rd quarter valued at $1,019,000. Harbor Capital Advisors Inc. grew its position in shares of Sterling Infrastructure by 6,893.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 3,287 shares of the construction company’s stock valued at $1,007,000 after acquiring an additional 3,240 shares during the period. Finally, Allworth Financial LP grew its position in shares of Sterling Infrastructure by 1,307.9% in the 3rd quarter. Allworth Financial LP now owns 7,631 shares of the construction company’s stock valued at $2,592,000 after acquiring an additional 7,089 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sterling Infrastructure

In related news, CEO Joseph A. Cutillo sold 50,000 shares of Sterling Infrastructure stock in a transaction dated 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 completion of the sale, the chief executive officer 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.60% of the company’s stock.

Sterling Infrastructure Stock Performance

Shares of STRL opened at $857.76 on Wednesday. The firm has a 50-day moving average of $692.31 and a 200-day moving average of $484.51. Sterling Infrastructure, Inc. has a one year low of $207.21 and a one year high of $1,005.68. The company has a market cap of $26.32 billion, a PE ratio of 76.72, a price-to-earnings-growth ratio of 3.12 and a beta of 1.82. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 1.10.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, beating 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 last year, the firm posted $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, equities analysts forecast that Sterling Infrastructure, Inc. will post 18.53 earnings per share for the current year.

Analyst Ratings Changes

STRL has been the subject of a number of analyst reports. KeyCorp lifted their price objective on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. DA Davidson lifted their price objective on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Argus initiated coverage on shares of Sterling Infrastructure in a research report on Thursday, April 16th. They issued a “buy” rating and a $510.00 price objective for the company. Weiss Ratings downgraded shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Finally, Oppenheimer initiated coverage on shares of Sterling Infrastructure in a research report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $720.67.

Sterling Infrastructure Company Profile

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.