Hartline Investment Corp Cuts Position in Sterling Infrastructure, Inc. $STRL

Hartline Investment Corp lessened its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 58.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,907 shares of the construction company’s stock after selling 8,258 shares during the quarter. Hartline Investment Corp’s holdings in Sterling Infrastructure were worth $1,809,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in STRL. Root Financial Partners LLC purchased a new position in Sterling Infrastructure during the 3rd quarter valued at approximately $26,000. Fifth Third Bancorp grew its holdings in Sterling Infrastructure by 76.1% during the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock valued at $28,000 after buying an additional 35 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in 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 buying an additional 27 shares in the last quarter. Rakuten Securities Inc. grew its holdings in Sterling Infrastructure by 6,950.0% during the 2nd quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock valued at $33,000 after buying an additional 139 shares in the last quarter. Finally, Optiver Holding B.V. grew its holdings in Sterling Infrastructure by 108.2% during the 3rd quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock valued at $35,000 after buying an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on STRL shares. KeyCorp raised their price target on Sterling Infrastructure from $572.00 to $889.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Weiss Ratings lowered Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. Wall Street Zen raised Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Argus assumed coverage on Sterling Infrastructure in a research note on Thursday, April 16th. They issued a “buy” rating and a $510.00 price objective for the company. Finally, Stifel Nicolaus set a $486.00 price objective on Sterling Infrastructure and gave the company a “buy” rating in a research note on Wednesday, February 11th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $668.20.

Sterling Infrastructure Price Performance

Shares of STRL stock opened at $732.94 on Friday. Sterling Infrastructure, Inc. has a 52-week low of $179.46 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. The firm has a market capitalization of $22.49 billion, a P/E ratio of 65.56, a P/E/G ratio of 2.71 and a beta of 1.64. The stock has a 50 day moving average price of $544.70 and a 200 day moving average price of $424.67.

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, topping analysts’ consensus estimates of $2.29 by $1.30. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.The firm had revenue of $825.68 million during the quarter, compared to analyst estimates of $603.58 million. During the same period last year, the company earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, sell-side analysts predict that Sterling Infrastructure, Inc. will post 18.01 earnings per share for the current year.

Insider Activity at Sterling Infrastructure

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the firm’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following the transaction, the chief executive officer owned 290,593 shares in the company, 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 filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.60% of the company’s stock.

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.