Norges Bank Acquires New Shares in Sterling Infrastructure, Inc. $STRL

Norges Bank bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 62,298 shares of the construction company’s stock, valued at approximately $19,078,000.

Several other large investors have also recently bought and sold shares of the company. Eurizon Capital SGR S.p.A. bought a new position in shares of Sterling Infrastructure during the fourth quarter worth about $92,000. Future Fund LLC raised its position in shares of Sterling Infrastructure by 8.7% during the fourth quarter. Future Fund LLC now owns 5,476 shares of the construction company’s stock worth $1,677,000 after acquiring an additional 439 shares during the last quarter. SBI Okasan Asset Management Co.Ltd. bought a new position in shares of Sterling Infrastructure during the fourth quarter worth about $155,000. Thoroughbred Financial Services LLC raised its position in shares of Sterling Infrastructure by 3.7% during the fourth quarter. Thoroughbred Financial Services LLC now owns 12,164 shares of the construction company’s stock worth $3,724,000 after acquiring an additional 439 shares during the last quarter. Finally, Kingsview Wealth Management LLC raised its position in shares of Sterling Infrastructure by 96.7% during the fourth quarter. Kingsview Wealth Management LLC now owns 1,509 shares of the construction company’s stock worth $462,000 after acquiring an additional 742 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Trading Down 5.6%

Shares of STRL stock opened at $842.01 on Wednesday. The company has a market cap of $25.84 billion, a P/E ratio of 75.31, a PEG ratio of 3.30 and a beta of 1.82. The stock has a 50 day simple moving average of $649.34 and a two-hundred day simple moving average of $466.57. 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, Inc. has a fifty-two week low of $191.00 and a fifty-two week high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 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 firm had revenue of $825.68 million during the quarter, compared to analysts’ expectations of $603.58 million. During the same quarter last year, the firm posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Research analysts forecast that Sterling Infrastructure, Inc. will post 18.03 earnings per share for the current year.

Insider Buying and Selling

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 50,000 shares of the firm’s stock in a transaction that occurred 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 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 legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

STRL has been the subject of a number of analyst reports. Oppenheimer initiated coverage on Sterling Infrastructure in a research report on Thursday, May 28th. They set an “outperform” rating and a $950.00 price objective for the company. DA Davidson raised their price objective on Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Argus began coverage on Sterling Infrastructure in a research report on Thursday, April 16th. They set a “buy” rating and a $510.00 price objective for the company. Zacks Research upgraded Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, June 1st. Finally, 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. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $720.67.

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.