Geode Capital Management LLC Sells 81,048 Shares of Sterling Infrastructure, Inc. $STRL

Geode Capital Management LLC lowered its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 9.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 807,056 shares of the construction company’s stock after selling 81,048 shares during the period. Geode Capital Management LLC’s holdings in Sterling Infrastructure were worth $247,183,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Clearstead Advisors LLC increased its position in shares of Sterling Infrastructure by 45.1% in the 4th quarter. Clearstead Advisors LLC now owns 251 shares of the construction company’s stock valued at $77,000 after buying an additional 78 shares in the last quarter. Hantz Financial Services Inc. increased its stake in Sterling Infrastructure by 64.9% during the 4th quarter. Hantz Financial Services Inc. now owns 625 shares of the construction company’s stock worth $191,000 after purchasing an additional 246 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in Sterling Infrastructure during the 4th quarter worth approximately $652,000. EverSource Wealth Advisors LLC increased its stake in Sterling Infrastructure by 33.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock worth $33,000 after purchasing an additional 27 shares in the last quarter. Finally, Kingdom Financial Group LLC. bought a new stake in Sterling Infrastructure during the 4th quarter worth approximately $551,000. Institutional investors own 80.95% of the company’s stock.

Insider Activity at Sterling Infrastructure

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following the completion of the transaction, the chief executive officer directly owned 290,593 shares in the company, valued at $144,590,359.01. This represents a 14.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is currently owned by corporate insiders.

Sterling Infrastructure Price Performance

STRL stock opened at $875.52 on Wednesday. The stock has a 50-day moving average price of $591.67 and a two-hundred day moving average price of $442.65. The stock has a market cap of $26.87 billion, a PE ratio of 78.31, a price-to-earnings-growth ratio of 3.13 and a beta of 1.81. 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, Inc. has a 1 year low of $190.42 and a 1 year high of $893.13.

Sterling Infrastructure (NASDAQ:STRL) last released its earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share (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 in the prior year, the company earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Equities analysts forecast that Sterling Infrastructure, Inc. will post 18.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on STRL shares. KeyCorp increased their target price on Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a research note on Tuesday. Wall Street Zen cut Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Cantor Fitzgerald increased their target price on Sterling Infrastructure from $482.00 to $956.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Finally, DA Davidson increased their target price on Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.