Lisanti Capital Growth LLC Sells 23,110 Shares of Sterling Infrastructure, Inc. $STRL

Lisanti Capital Growth LLC decreased its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 71.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,361 shares of the construction company’s stock after selling 23,110 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Sterling Infrastructure were worth $2,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in STRL. Root Financial Partners LLC bought a new stake in Sterling Infrastructure in the 3rd quarter worth approximately $26,000. Fifth Third Bancorp increased its stake in Sterling Infrastructure by 76.1% in the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock worth $28,000 after acquiring an additional 35 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Sterling Infrastructure by 33.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock worth $33,000 after acquiring an additional 27 shares during the last quarter. Rakuten Securities Inc. increased its stake in Sterling Infrastructure by 6,950.0% in the 2nd quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock worth $33,000 after acquiring an additional 139 shares during the last quarter. Finally, Optiver Holding B.V. boosted its holdings in shares of Sterling Infrastructure by 108.2% in the 3rd quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock worth $35,000 after purchasing an additional 53 shares during the period. Institutional investors own 80.95% of the company’s stock.

Insider Buying and Selling at Sterling Infrastructure

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 50,000 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 290,593 shares in the company, valued at approximately $144,590,359.01. This represents a 14.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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.

Analyst Ratings Changes

A number of equities analysts have recently commented on STRL shares. Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Stifel Nicolaus set a $486.00 target price on Sterling Infrastructure and gave the stock a “buy” rating in a report on Wednesday, February 11th. KeyCorp lifted their target price on Sterling Infrastructure from $572.00 to $889.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Wall Street Zen upgraded Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, DA Davidson lifted their target price on Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Sterling Infrastructure has an average rating of “Moderate Buy” and a consensus target price of $668.20.

Sterling Infrastructure Price Performance

STRL opened at $732.94 on Friday. The business has a fifty day moving average of $544.70 and a 200 day moving average of $424.67. Sterling Infrastructure, Inc. has a 52-week low of $179.46 and a 52-week high of $893.13. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock has a market cap of $22.49 billion, a P/E ratio of 65.56, a PEG ratio of 2.71 and a beta of 1.64.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, beating 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 company had revenue of $825.68 million during the quarter, compared to analysts’ expectations of $603.58 million. During the same quarter in the previous year, the business earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, sell-side analysts anticipate that Sterling Infrastructure, Inc. will post 18.01 EPS for the current year.

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.