Legato Capital Management LLC Sells 4,360 Shares of Sterling Infrastructure, Inc. $STRL

Legato Capital Management LLC trimmed its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 18.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,484 shares of the construction company’s stock after selling 4,360 shares during the quarter. Sterling Infrastructure comprises about 0.7% of Legato Capital Management LLC’s investment portfolio, making the stock its 20th biggest position. Legato Capital Management LLC owned about 0.06% of Sterling Infrastructure worth $6,618,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in STRL. State Street Corp increased its stake 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 acquiring an additional 433,311 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Sterling Infrastructure by 82.7% in the second quarter. Invesco Ltd. now owns 735,910 shares of the construction company’s stock valued at $169,797,000 after purchasing an additional 333,013 shares in the last quarter. American Century Companies Inc. increased its position in Sterling Infrastructure by 84.6% in the third quarter. American Century Companies Inc. now owns 654,096 shares of the construction company’s stock worth $222,184,000 after purchasing an additional 299,724 shares during the last quarter. Frontier Capital Management Co. LLC purchased a new stake in Sterling Infrastructure during the second quarter valued at $35,931,000. Finally, Aperture Investors LLC bought a new position in Sterling Infrastructure during the second quarter valued at $23,945,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Sterling Infrastructure Trading Up 1.1%

Shares of NASDAQ STRL opened at $432.87 on Tuesday. Sterling Infrastructure, Inc. has a fifty-two week low of $96.34 and a fifty-two week high of $477.03. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $13.26 billion, a price-to-earnings ratio of 46.20, a PEG ratio of 2.45 and a beta of 1.48. The business’s 50 day moving average price is $368.28 and its 200-day moving average price is $345.52.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Wednesday, February 25th. The construction company reported $3.08 EPS for the quarter, beating the consensus estimate of $2.63 by $0.45. Sterling Infrastructure had a return on equity of 32.82% and a net margin of 11.65%.The company had revenue of $755.61 million for the quarter, compared to the consensus estimate of $639.41 million. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. On average, sell-side analysts expect that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current year.

Sterling Infrastructure announced that its board has authorized a stock repurchase plan on Wednesday, November 12th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on STRL. Stifel Nicolaus set a $486.00 target price on shares of Sterling Infrastructure and gave the stock a “buy” rating in a report on Wednesday, February 11th. Cantor Fitzgerald lifted their price target on Sterling Infrastructure from $413.00 to $482.00 and gave the stock an “overweight” rating in a research report on Monday. DA Davidson upped their price objective on Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Friday. Weiss Ratings raised Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Finally, Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Sterling Infrastructure currently has a consensus rating of “Moderate Buy” and a consensus target price of $489.33.

Insider Transactions at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $410.00, for a total value of $820,000.00. Following the completion of the sale, the director directly owned 11,498 shares of the company’s stock, valued at $4,714,180. The trade was a 14.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dwayne Andree Wilson sold 2,860 shares of the company’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $350.00, for a total transaction of $1,001,000.00. Following the completion of the transaction, the director owned 14,749 shares in the company, valued at $5,162,150. This represents a 16.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,860 shares of company stock valued at $2,611,000 in the last quarter. 2.70% of the stock is currently owned by company insiders.

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.