Ranger Investment Management L.P. Takes Position in Sterling Infrastructure, Inc. $STRL

Ranger Investment Management L.P. acquired a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 53,634 shares of the construction company’s stock, valued at approximately $21,844,000. Sterling Infrastructure comprises 1.6% of Ranger Investment Management L.P.’s holdings, making the stock its 25th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Cedar Mountain Advisors LLC raised its stake in Sterling Infrastructure by 8,000.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock valued at $33,000 after purchasing an additional 80 shares during the period. NFSG Corp boosted its stake in Sterling Infrastructure by 578.6% in the 1st quarter. NFSG Corp now owns 95 shares of the construction company’s stock worth $39,000 after purchasing an additional 81 shares during the period. Kemnay Advisory Services Inc. bought a new position in Sterling Infrastructure in the 4th quarter worth approximately $31,000. Signature Equity Partners LLC grew its holdings in Sterling Infrastructure by 19.5% during the 1st quarter. Signature Equity Partners LLC now owns 104 shares of the construction company’s stock valued at $42,000 after buying an additional 17 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Sterling Infrastructure by 316.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 104 shares of the construction company’s stock valued at $35,000 after buying an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insider Buying and Selling

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the transaction, the general counsel owned 28,137 shares in the company, valued at $24,985,656. The trade was a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.60% of the stock is owned by insiders.

Sterling Infrastructure Stock Down 15.2%

Shares of NASDAQ:STRL opened at $538.09 on Wednesday. The company has a market cap of $16.51 billion, a price-to-earnings ratio of 48.13, a PEG ratio of 2.32 and a beta of 1.83. Sterling Infrastructure, Inc. has a 12 month low of $244.02 and a 12 month 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. The company has a 50-day moving average price of $776.37 and a 200 day moving average price of $572.92.

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 the consensus estimate of $2.29 by $1.30. The company had revenue of $825.67 million for 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 period in the previous year, the firm posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, equities research analysts predict that Sterling Infrastructure, Inc. will post 18.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on STRL shares. Weiss Ratings upgraded shares of Sterling Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 6th. Argus started coverage on shares of Sterling Infrastructure in a report on Thursday, April 16th. They set a “buy” rating and a $510.00 price objective for the company. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Sterling Infrastructure in a report on Thursday, June 18th. Zacks Research raised Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 1st. Finally, Wall Street Zen cut Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to MarketBeat.com, Sterling Infrastructure 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.