Sterling Infrastructure, Inc. $STRL Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 32.5% during the 1st quarter, HoldingsChannel reports. The firm owned 6,181 shares of the construction company’s stock after selling 2,978 shares during the quarter. Pacer Advisors Inc.’s holdings in Sterling Infrastructure were worth $2,517,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp grew its position in Sterling Infrastructure by 62.0% in the 2nd quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock worth $261,129,000 after purchasing an additional 433,311 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Sterling Infrastructure by 29.8% during the third quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock valued at $324,526,000 after buying an additional 219,477 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Sterling Infrastructure by 27.3% during the first quarter. First Trust Advisors LP now owns 877,990 shares of the construction company’s stock valued at $357,579,000 after buying an additional 188,048 shares during the last quarter. UBS Group AG boosted its position 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 buying an additional 151,146 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Sterling Infrastructure by 123.3% during the fourth quarter. JPMorgan Chase & Co. now owns 262,824 shares of the construction company’s stock worth $80,485,000 after buying an additional 145,100 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Performance

Shares of STRL opened at $547.06 on Friday. The firm’s 50 day moving average is $740.83 and its 200-day moving average is $584.32. The stock has a market capitalization of $16.73 billion, a P/E ratio of 39.44, a P/E/G ratio of 1.88 and a beta of 1.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.10. Sterling Infrastructure, Inc. has a 12-month low of $263.45 and a 12-month high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last released its earnings results on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $5.01 by $0.79. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $969.22 million. The firm’s revenue was up 90.4% compared to the same quarter last year. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. Equities research analysts anticipate that Sterling Infrastructure, Inc. will post 19.01 EPS for the current fiscal year.

Analysts Set New Price Targets

STRL has been the subject of a number of recent analyst reports. Argus assumed coverage on Sterling Infrastructure in a report on Thursday, April 16th. They issued a “buy” rating and a $510.00 price objective for the company. Oppenheimer initiated coverage on Sterling Infrastructure in a research note on Thursday, May 28th. They set an “outperform” rating and a $950.00 target price on the stock. KeyCorp reduced their price target on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a research report on Wednesday. Cantor Fitzgerald decreased their price target on Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Weiss Ratings lowered Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $657.00.

Insider Transactions at Sterling Infrastructure

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the company’s stock in a transaction on 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 transaction, the general counsel owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. This represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

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.