Sterling Infrastructure, Inc. $STRL Stock Holdings Reduced by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB reduced its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 22.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 9,706 shares of the construction company’s stock after selling 2,864 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Sterling Infrastructure were worth $3,953,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Diversified Trust Co grew its stake in shares of Sterling Infrastructure by 10.4% in the 1st quarter. Diversified Trust Co now owns 7,127 shares of the construction company’s stock valued at $2,903,000 after buying an additional 673 shares in the last quarter. Hsbc Holdings PLC raised its position in Sterling Infrastructure by 315.5% during the fourth quarter. Hsbc Holdings PLC now owns 6,162 shares of the construction company’s stock valued at $1,904,000 after acquiring an additional 4,679 shares in the last quarter. World Investment Advisors raised its position in Sterling Infrastructure by 5.5% during the fourth quarter. World Investment Advisors now owns 850 shares of the construction company’s stock valued at $260,000 after acquiring an additional 44 shares in the last quarter. DUTCH ASSET Corp acquired a new stake in Sterling Infrastructure in the fourth quarter valued at approximately $581,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Sterling Infrastructure in the fourth quarter valued at approximately $61,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on STRL shares. Oppenheimer initiated coverage on shares of Sterling Infrastructure in a research note on Thursday, May 28th. They set an “outperform” rating and a $950.00 price target on the stock. KeyCorp raised their price target on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. DA Davidson lifted their price objective on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Sterling Infrastructure in a report on Thursday. Finally, Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $720.67.

Sterling Infrastructure Price Performance

STRL opened at $861.88 on Friday. The business has a 50 day moving average price of $719.56 and a 200 day moving average price of $494.25. Sterling Infrastructure, Inc. has a twelve month low of $214.20 and a twelve month high of $1,005.68. 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 cap of $26.45 billion, a P/E ratio of 77.09, a price-to-earnings-growth ratio of 3.10 and a beta of 1.82.

Sterling Infrastructure (NASDAQ:STRL) last announced its 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 $825.67 million during the quarter, compared to analysts’ expectations of $603.58 million. During the same quarter in the prior year, the business earned $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 18.53 EPS for the current year.

Insider Buying and Selling at Sterling Infrastructure

In related news, CEO Joseph A. Cutillo sold 50,000 shares of the company’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total transaction of $24,878,500.00. Following the completion of the sale, the chief executive officer directly owned 290,593 shares of the company’s stock, valued at approximately $144,590,359.01. This represents a 14.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.