Deepwater Asset Management LLC Takes Position in Sterling Infrastructure, Inc. $STRL

Deepwater Asset Management LLC purchased a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 7,607 shares of the construction company’s stock, valued at approximately $6,385,000. Sterling Infrastructure accounts for about 2.9% of Deepwater Asset Management LLC’s investment portfolio, making the stock its 23rd largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Signature Equity Partners LLC boosted its stake in Sterling Infrastructure by 19.5% during the first quarter. Signature Equity Partners LLC now owns 104 shares of the construction company’s stock worth $42,000 after buying an additional 17 shares during the last quarter. World Investment Advisors raised its holdings in shares of Sterling Infrastructure by 2.4% during the 1st quarter. World Investment Advisors now owns 870 shares of the construction company’s stock worth $354,000 after acquiring an additional 20 shares during the period. Ritholtz Wealth Management boosted its position in shares of Sterling Infrastructure by 3.6% during the 1st quarter. Ritholtz Wealth Management now owns 686 shares of the construction company’s stock valued at $279,000 after acquiring an additional 24 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Sterling Infrastructure by 33.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock valued at $33,000 after acquiring an additional 27 shares during the last quarter. Finally, Root Financial Partners LLC grew its holdings in shares of Sterling Infrastructure by 28.0% in the first quarter. Root Financial Partners LLC now owns 128 shares of the construction company’s stock valued at $52,000 after purchasing an additional 28 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

STRL has been the subject of several recent analyst reports. Zacks Research cut shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. KeyCorp reduced their price target on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Weiss Ratings cut Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. Cantor Fitzgerald lowered their price objective on Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Finally, 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 for the company. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Sterling Infrastructure has a consensus rating of “Moderate Buy” and a consensus price target of $657.00.

Insider Transactions at Sterling Infrastructure

In other news, General Counsel Mark D. Wolf sold 2,500 shares of Sterling Infrastructure 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 completion of the transaction, the general counsel owned 28,137 shares in the company, valued at approximately $24,985,656. This trade represents a 8.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by corporate insiders.

Sterling Infrastructure Stock Performance

NASDAQ:STRL opened at $554.76 on Wednesday. Sterling Infrastructure, Inc. has a 52 week low of $263.45 and a 52 week high of $1,005.68. The company has a fifty day simple moving average of $693.04 and a two-hundred day simple moving average of $595.56. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.19. The company has a market cap of $16.97 billion, a price-to-earnings ratio of 40.00, a price-to-earnings-growth ratio of 2.01 and a beta of 1.88.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.01 by $0.79. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $969.22 million. Sterling Infrastructure’s revenue was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. As a group, equities analysts anticipate that Sterling Infrastructure, Inc. will post 19.11 earnings per share for the current fiscal year.

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.