Pier Capital LLC Has $4.21 Million Holdings in Sterling Infrastructure, Inc. $STRL

Pier Capital LLC cut its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 75.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,397 shares of the construction company’s stock after selling 39,097 shares during the period. Pier Capital LLC’s holdings in Sterling Infrastructure were worth $4,211,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of STRL. Invesco Ltd. raised its position in Sterling Infrastructure by 29.8% in the 3rd quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock valued at $324,526,000 after purchasing an additional 219,477 shares during the last quarter. Sei Investments Co. boosted its stake in Sterling Infrastructure by 10.4% in the third quarter. Sei Investments Co. now owns 33,298 shares of the construction company’s stock worth $11,312,000 after purchasing an additional 3,150 shares in the last quarter. UBS Group AG grew its holdings in shares of Sterling Infrastructure by 45.4% during the third quarter. UBS Group AG now owns 483,864 shares of the construction company’s stock worth $164,359,000 after purchasing an additional 151,146 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Sterling Infrastructure by 33.2% during the third quarter. BNP Paribas Financial Markets now owns 8,005 shares of the construction company’s stock worth $2,719,000 after purchasing an additional 1,995 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of Sterling Infrastructure by 48.4% in the third quarter. Mackenzie Financial Corp now owns 2,869 shares of the construction company’s stock valued at $975,000 after buying an additional 936 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on STRL shares. Weiss Ratings raised Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 4th. DA Davidson boosted their target price 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. Stifel Nicolaus set a $486.00 target price on shares of Sterling Infrastructure and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Finally, Cantor Fitzgerald upped their target price on shares of Sterling Infrastructure from $413.00 to $482.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $489.33.

Insider Activity

In related news, Director Dwayne Andree Wilson sold 2,860 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $350.00, for a total transaction of $1,001,000.00. Following the completion of the sale, the director directly owned 14,749 shares of the company’s stock, valued at $5,162,150. The trade was a 16.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Dana C. O’brien sold 2,000 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $410.00, for a total transaction of $820,000.00. Following the completion of the transaction, the director owned 11,498 shares in the company, valued at $4,714,180. This represents a 14.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,860 shares of company stock worth $2,611,000 in the last ninety days. Insiders own 3.70% of the company’s stock.

Sterling Infrastructure Trading Down 3.8%

STRL stock opened at $404.59 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.25. Sterling Infrastructure, Inc. has a twelve month low of $96.34 and a twelve month high of $477.03. The company has a market cap of $12.40 billion, a P/E ratio of 43.18, a PEG ratio of 2.19 and a beta of 1.48. The business has a fifty day moving average of $384.01 and a 200-day moving average of $351.90.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings results on Wednesday, February 25th. The construction company reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.45. The business had revenue of $755.61 million for the quarter, compared to analysts’ expectations of $639.41 million. Sterling Infrastructure had a return on equity of 32.82% and a net margin of 11.65%.Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. As a group, equities research analysts expect that Sterling Infrastructure, Inc. will post 5.98 EPS for the current year.

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.