New York State Teachers Retirement System Sells 1,104 Shares of Sterling Infrastructure, Inc. $STRL

New York State Teachers Retirement System lessened its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 4.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,700 shares of the construction company’s stock after selling 1,104 shares during the quarter. New York State Teachers Retirement System owned approximately 0.07% of Sterling Infrastructure worth $8,838,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in STRL. Kemnay Advisory Services Inc. bought a new stake in Sterling Infrastructure during the 4th quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Sterling Infrastructure by 316.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 104 shares of the construction company’s stock valued at $35,000 after acquiring an additional 79 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Sterling Infrastructure by 33.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock worth $33,000 after purchasing an additional 27 shares during the period. Root Financial Partners LLC lifted its holdings in shares of Sterling Infrastructure by 28.0% during the first quarter. Root Financial Partners LLC now owns 128 shares of the construction company’s stock worth $52,000 after purchasing an additional 28 shares during the period. Finally, USA Financial Formulas bought a new stake in shares of Sterling Infrastructure in the fourth quarter worth $40,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

STRL has been the subject of several analyst reports. Weiss Ratings lowered Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Argus began coverage on Sterling Infrastructure in a research note on Thursday, April 16th. They issued a “buy” rating and a $510.00 price target for the company. Wall Street Zen downgraded Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday. KeyCorp lifted their price objective on Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Finally, Zacks Research upgraded Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $720.67.

Sterling Infrastructure Trading Down 8.0%

Shares of Sterling Infrastructure stock traded down $57.24 on Tuesday, hitting $659.87. 107,456 shares of the company’s stock traded hands, compared to its average volume of 606,378. Sterling Infrastructure, Inc. has a one year low of $225.46 and a one year high of $1,005.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 1.10. The company has a fifty day moving average of $796.19 and a two-hundred day moving average of $533.11. The company has a market capitalization of $20.25 billion, a price-to-earnings ratio of 58.54, a price-to-earnings-growth ratio of 2.55 and a beta of 1.83.

Sterling Infrastructure (NASDAQ:STRL) last issued its earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $1.30. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.The business had revenue of $825.67 million during the quarter, compared to the consensus estimate of $603.58 million. During the same period in the previous year, the company posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, sell-side analysts expect that Sterling Infrastructure, Inc. will post 18.35 earnings per share for the current year.

Insider Buying and Selling at Sterling Infrastructure

In other news, CEO Joseph A. Cutillo sold 50,000 shares of Sterling Infrastructure stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total value of $24,878,500.00. Following the completion of the sale, the chief executive officer owned 290,593 shares in the company, valued at $144,590,359.01. The trade was a 14.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Mark D. Wolf sold 2,500 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the transaction, the general counsel directly owned 28,137 shares in the company, valued at approximately $24,985,656. This represents a 8.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.60% of the company’s stock.

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.