Connors Investor Services Inc. Sells 5,497 Shares of Sterling Infrastructure, Inc. $STRL

Connors Investor Services Inc. lessened its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 31.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,741 shares of the construction company’s stock after selling 5,497 shares during the quarter. Connors Investor Services Inc.’s holdings in Sterling Infrastructure were worth $3,988,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. boosted its position in Sterling Infrastructure by 27.5% during the 3rd quarter. UMB Bank n.a. now owns 130 shares of the construction company’s stock worth $44,000 after acquiring an additional 28 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Sterling Infrastructure by 76.1% in the third quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock valued at $28,000 after purchasing an additional 35 shares during the last quarter. Richardson Financial Services Inc. lifted its position in shares of Sterling Infrastructure by 22.6% in the third quarter. Richardson Financial Services Inc. now owns 233 shares of the construction company’s stock worth $79,000 after purchasing an additional 43 shares in the last quarter. Optiver Holding B.V. lifted its position in shares of Sterling Infrastructure by 108.2% in the third quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock worth $35,000 after purchasing an additional 53 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Sterling Infrastructure by 44.8% during the third quarter. Bessemer Group Inc. now owns 181 shares of the construction company’s stock worth $61,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

Insiders Place Their Bets

In other news, Director Dwayne Andree Wilson sold 2,860 shares of the stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $350.00, for a total value of $1,001,000.00. Following the transaction, the director directly owned 14,749 shares of the company’s stock, valued at $5,162,150. This represents a 16.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dana C. O’brien sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $410.00, for a total transaction of $820,000.00. Following the sale, the director owned 11,498 shares of the company’s stock, valued at approximately $4,714,180. This represents a 14.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 6,860 shares of company stock valued at $2,611,000. Company insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on STRL. Wall Street Zen raised shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 7th. DA Davidson boosted their price target on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Stifel Nicolaus set a $486.00 price objective on shares of Sterling Infrastructure and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Weiss Ratings upgraded Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. Finally, Cantor Fitzgerald lifted their target price on Sterling Infrastructure from $413.00 to $482.00 and gave the company 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 given a Buy rating to the company’s stock. According to data from MarketBeat, Sterling Infrastructure presently has a consensus rating of “Buy” and an average target price of $489.33.

Sterling Infrastructure Price Performance

NASDAQ:STRL opened at $425.51 on Wednesday. Sterling Infrastructure, Inc. has a 12-month low of $96.34 and a 12-month high of $477.03. The firm has a market capitalization of $13.04 billion, a price-to-earnings ratio of 45.41, a P/E/G ratio of 2.17 and a beta of 1.48. The stock’s 50 day moving average price is $389.57 and its two-hundred day moving average price is $355.47. 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 (NASDAQ:STRL) last issued its earnings results on Wednesday, February 25th. The construction company reported $3.08 EPS for the quarter, topping the consensus estimate of $2.63 by $0.45. The company had revenue of $755.61 million during the quarter, compared to the consensus estimate 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. On average, analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current year.

Sterling Infrastructure 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.