Clark Capital Management Group Inc. Decreases Stake in Sterling Infrastructure, Inc. $STRL

Clark Capital Management Group Inc. lessened its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 24.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 328,930 shares of the construction company’s stock after selling 106,022 shares during the quarter. Clark Capital Management Group Inc.’s holdings in Sterling Infrastructure were worth $111,731,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Sterling Infrastructure by 62.0% during 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 in the last quarter. Invesco Ltd. increased its position in Sterling Infrastructure by 29.8% in the third quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock worth $324,526,000 after purchasing an additional 219,477 shares during the last quarter. Geode Capital Management LLC raised its stake in Sterling Infrastructure by 0.5% during the second quarter. Geode Capital Management LLC now owns 739,302 shares of the construction company’s stock valued at $170,600,000 after purchasing an additional 3,469 shares in the last quarter. American Century Companies Inc. raised its stake in Sterling Infrastructure by 84.6% during the third quarter. American Century Companies Inc. now owns 654,096 shares of the construction company’s stock valued at $222,184,000 after purchasing an additional 299,724 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Sterling Infrastructure by 83.5% during the third quarter. First Trust Advisors LP now owns 606,236 shares of the construction company’s stock valued at $205,926,000 after purchasing an additional 275,830 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

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 that occurred on Monday, February 9th. The stock was sold at an average price of $410.00, for a total transaction of $820,000.00. Following the completion of the transaction, the director owned 11,498 shares in the company, valued at $4,714,180. The trade was a 14.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dwayne Andree Wilson sold 2,860 shares of the company’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $350.00, for a total value of $1,001,000.00. Following the transaction, the director directly owned 14,749 shares in the company, valued at approximately $5,162,150. This represents a 16.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 6,860 shares of company stock worth $2,611,000 over the last three months. 3.70% of the stock is currently owned by corporate insiders.

Sterling Infrastructure Stock Down 1.6%

NASDAQ STRL opened at $398.12 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.25. Sterling Infrastructure, Inc. has a 52 week low of $96.34 and a 52 week high of $477.03. The firm has a market capitalization of $12.20 billion, a price-to-earnings ratio of 42.49, a PEG ratio of 2.07 and a beta of 1.48. The company has a fifty day moving average of $385.59 and a two-hundred day moving average of $353.10.

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

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 7th. Cantor Fitzgerald increased their price target on shares of Sterling Infrastructure from $413.00 to $482.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. DA Davidson lifted their price target on Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. 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 upgraded Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $489.33.

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.