Engineers Gate Manager LP Invests $10.80 Million in Sterling Infrastructure, Inc. $STRL

Engineers Gate Manager LP purchased a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,872 shares of the construction company’s stock, valued at approximately $10,804,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Signature Equity Partners LLC increased its position in Sterling Infrastructure by 19.5% during the 1st quarter. Signature Equity Partners LLC now owns 104 shares of the construction company’s stock worth $42,000 after purchasing an additional 17 shares in the last quarter. World Investment Advisors raised its stake in Sterling Infrastructure by 2.4% in the 1st quarter. World Investment Advisors now owns 870 shares of the construction company’s stock valued at $354,000 after purchasing an additional 20 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in Sterling Infrastructure by 35.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 76 shares of the construction company’s stock valued at $59,000 after purchasing an additional 20 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in Sterling Infrastructure by 3.6% in the 1st quarter. Ritholtz Wealth Management now owns 686 shares of the construction company’s stock valued at $279,000 after purchasing an additional 24 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Sterling Infrastructure by 43.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company’s stock worth $66,000 after purchasing an additional 24 shares during the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on STRL shares. DA Davidson initiated coverage on shares of Sterling Infrastructure in a report on Friday, August 21st. They set a “buy” rating and a $700.00 price target for the company. Zacks Research downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. 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 on the stock. Wall Street Zen cut shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. Finally, Cantor Fitzgerald cut their price target on Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Sterling Infrastructure has an average rating of “Moderate Buy” and an average price target of $690.33.

Insider Buying and Selling

In related news, General Counsel Mark Wolf sold 2,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the general counsel owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. This represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

Sterling Infrastructure Stock Down 2.1%

Shares of NASDAQ:STRL opened at $484.86 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.19. The firm has a market cap of $14.83 billion, a price-to-earnings ratio of 34.96, a PEG ratio of 1.72 and a beta of 1.85. The stock’s 50-day moving average price is $574.33 and its two-hundred day moving average price is $605.79. Sterling Infrastructure, Inc. has a 12-month low of $281.58 and a 12-month high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $5.01 by $0.79. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The business’s quarterly revenue was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. On average, research analysts forecast that Sterling Infrastructure, Inc. will post 19.14 EPS for the current year.

About Sterling Infrastructure

Sterling Infrastructure, Inc provides infrastructure, engineering and construction services across the United States. The company serves public and private-sector customers through three primary business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.

Its E-Infrastructure Solutions segment develops and builds large-scale infrastructure for data centers, advanced manufacturing facilities, energy and communications projects, and other complex industrial sites.