4,877 Shares in Sterling Infrastructure, Inc. $STRL Purchased by Headlands Technologies LLC

Headlands Technologies LLC acquired a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 4,877 shares of the construction company’s stock, valued at approximately $4,094,000.

Other hedge funds also recently made changes to their positions in the company. Engle Capital Management L.P. boosted its position in shares of Sterling Infrastructure by 156.5% in the 1st quarter. Engle Capital Management L.P. now owns 26,500 shares of the construction company’s stock valued at $10,793,000 after purchasing an additional 16,167 shares during the period. Devon Energy Corp DE purchased a new stake in Sterling Infrastructure during the second quarter valued at about $548,390,288,000. Equitable Holdings Inc. purchased a new stake in Sterling Infrastructure during the second quarter valued at about $5,012,000. Northwestern Mutual Investment Management Company LLC acquired a new position in shares of Sterling Infrastructure in the fourth quarter worth about $2,105,000. Finally, Deutsche Bank AG acquired a new position in shares of Sterling Infrastructure in the second quarter worth about $18,337,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

STRL stock opened at $470.52 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market cap of $14.39 billion, a P/E ratio of 33.92, a P/E/G ratio of 1.64 and a beta of 1.88. The firm has a 50 day simple moving average of $638.53 and a 200 day simple moving average of $602.55. Sterling Infrastructure, Inc. has a 52 week low of $266.13 and a 52 week high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.01 by $0.79. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The company’s quarterly 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. Research analysts anticipate that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Sterling Infrastructure

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total value of $2,220,000.00. Following the transaction, the general counsel directly 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 legal filing with the SEC, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on STRL. Cantor Fitzgerald cut their price target on shares of Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Oppenheimer started coverage on shares of Sterling Infrastructure in a research note on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price objective for the company. KeyCorp lowered their price objective 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 downgraded shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Finally, Zacks Research lowered Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $690.33.

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.