Sterling Infrastructure, Inc. $STRL Position Lessened by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 35.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 29,650 shares of the construction company’s stock after selling 16,476 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Sterling Infrastructure were worth $9,080,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Root Financial Partners LLC purchased a new stake in shares of Sterling Infrastructure during the third quarter worth $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sterling Infrastructure during the third quarter worth $28,000. Fifth Third Bancorp raised its holdings in shares of Sterling Infrastructure by 76.1% during the third quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock worth $28,000 after acquiring an additional 35 shares in the last quarter. Rakuten Securities Inc. raised its holdings in shares of Sterling Infrastructure by 6,950.0% during the second quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock worth $33,000 after acquiring an additional 139 shares in the last quarter. Finally, Optiver Holding B.V. raised its holdings in shares of Sterling Infrastructure by 108.2% during the third quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock worth $35,000 after acquiring an additional 53 shares in the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Sterling Infrastructure Trading Down 5.5%

Shares of NASDAQ:STRL opened at $728.29 on Wednesday. The company has a market cap of $22.35 billion, a P/E ratio of 65.14, a P/E/G ratio of 2.85 and a beta of 1.64. The stock’s 50-day moving average is $525.19 and its 200-day moving average is $417.36. Sterling Infrastructure, Inc. has a 52-week low of $176.15 and a 52-week high of $893.13. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.10.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $1.30. The company had revenue of $825.68 million for the quarter, compared to the consensus estimate of $603.58 million. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.During the same period last year, the business posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Equities research analysts predict that Sterling Infrastructure, Inc. will post 18.01 earnings per share for the current year.

Insider Activity

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total value of $24,878,500.00. Following the sale, the chief executive officer directly owned 290,593 shares of the company’s stock, valued at approximately $144,590,359.01. This trade represents a 14.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on STRL. Weiss Ratings lowered Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Stifel Nicolaus set a $486.00 target price on shares of Sterling Infrastructure and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Zacks Research downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. KeyCorp increased their target price on shares of Sterling Infrastructure from $572.00 to $889.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, DA Davidson increased their target price on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Sterling Infrastructure presently has a consensus rating of “Moderate Buy” and a consensus target price of $668.20.

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.