Insider Selling: Sterling Infrastructure (NASDAQ:STRL) General Counsel Sells $2,220,000.00 in Stock

Sterling Infrastructure, Inc. (NASDAQ:STRL) General Counsel Mark Wolf sold 2,500 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $888.00, for a total value of $2,220,000.00. Following the sale, the general counsel owned 28,137 shares in the company, valued at approximately $24,985,656. The trade was a 8.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Sterling Infrastructure Price Performance

STRL stock opened at $776.55 on Thursday. Sterling Infrastructure, Inc. has a one year low of $222.00 and a one year high of $1,005.68. The firm has a 50-day moving average of $782.94 and a two-hundred day moving average of $524.90. The firm has a market capitalization of $23.83 billion, a PE ratio of 69.46, a P/E/G ratio of 3.05 and a beta of 1.83. 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 (NASDAQ:STRL) last released its earnings results 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 business had revenue of $825.67 million for the quarter, compared to the consensus estimate of $603.58 million. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. During the same period last year, the firm posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, analysts forecast that Sterling Infrastructure, Inc. will post 18.35 earnings per share for the current year.

Institutional Investors Weigh In On Sterling Infrastructure

A number of institutional investors have recently modified their holdings of STRL. Kemnay Advisory Services Inc. purchased a new stake in shares of Sterling Infrastructure during the fourth quarter worth $31,000. EverSource Wealth Advisors LLC boosted its position in Sterling Infrastructure by 33.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock valued at $33,000 after purchasing an additional 27 shares during the last quarter. Cedar Mountain Advisors LLC grew its stake in Sterling Infrastructure by 8,000.0% in the first 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 in the last quarter. Rakuten Securities Inc. grew its stake in Sterling Infrastructure by 6,950.0% in the second quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock valued at $33,000 after purchasing an additional 139 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in Sterling Infrastructure by 316.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 104 shares of the construction company’s stock worth $35,000 after purchasing an additional 79 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on STRL shares. Weiss Ratings lowered Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. KeyCorp lifted their price target on Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. Cantor Fitzgerald reissued an “overweight” rating on shares of Sterling Infrastructure in a research report on Thursday, June 18th. Wall Street Zen raised Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 20th. Finally, Zacks Research upgraded Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, Sterling Infrastructure has an average rating of “Buy” and a consensus price target 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.