10,333 Shares in Sterling Infrastructure, Inc. $STRL Bought by Engle Capital Management L.P.

Engle Capital Management L.P. acquired a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,333 shares of the construction company’s stock, valued at approximately $3,164,000. Sterling Infrastructure accounts for approximately 1.2% of Engle Capital Management L.P.’s portfolio, making the stock its 24th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of STRL. Northwestern Mutual Investment Management Company LLC purchased a new stake in shares of Sterling Infrastructure during the 4th quarter worth approximately $2,105,000. Truist Financial Corp boosted its stake in shares of Sterling Infrastructure by 30.8% during the 4th quarter. Truist Financial Corp now owns 5,005 shares of the construction company’s stock worth $1,533,000 after acquiring an additional 1,179 shares in the last quarter. Telligent Fund LP purchased a new stake in shares of Sterling Infrastructure during the 3rd quarter worth approximately $1,019,000. Harbor Capital Advisors Inc. boosted its stake in shares of Sterling Infrastructure by 6,893.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 3,287 shares of the construction company’s stock worth $1,007,000 after acquiring an additional 3,240 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Sterling Infrastructure by 1,307.9% during the 3rd quarter. Allworth Financial LP now owns 7,631 shares of the construction company’s stock worth $2,592,000 after acquiring an additional 7,089 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insider Buying and Selling

In related news, CEO Joseph A. Cutillo sold 50,000 shares of Sterling Infrastructure 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 completion of the sale, 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 SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.60% of the company’s stock.

Sterling Infrastructure Trading Down 2.3%

Sterling Infrastructure stock opened at $838.21 on Thursday. The stock has a market cap of $25.72 billion, a PE ratio of 74.97, a P/E/G ratio of 3.09 and a beta of 1.82. The stock has a 50-day moving average price of $701.20 and a 200 day moving average price of $488.02. Sterling Infrastructure, Inc. has a 52 week low of $214.20 and a 52 week high of $1,005.68. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $1.30. The firm had revenue of $825.68 million during the quarter, compared to analysts’ expectations of $603.58 million. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.During the same quarter last year, the business posted $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Equities research analysts predict that Sterling Infrastructure, Inc. will post 18.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on STRL. Cantor Fitzgerald boosted their price target on Sterling Infrastructure from $482.00 to $956.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Oppenheimer initiated coverage on shares of Sterling Infrastructure in a research report on Thursday, May 28th. They set an “outperform” rating and a $950.00 target price for the company. Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 1st. Weiss Ratings cut shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Finally, Argus initiated coverage on shares of Sterling Infrastructure in a research report on Thursday, April 16th. They set a “buy” rating and a $510.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price 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.