Kestra Private Wealth Services LLC Sells 659 Shares of Sterling Infrastructure, Inc. $STRL

Kestra Private Wealth Services LLC cut its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 12.3% during the first quarter, Holdings Channel reports. The firm owned 4,710 shares of the construction company’s stock after selling 659 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Sterling Infrastructure were worth $1,918,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. State Street Corp boosted its position in shares of Sterling Infrastructure by 62.0% during the second quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock worth $261,129,000 after acquiring an additional 433,311 shares during the last quarter. Invesco Ltd. lifted its stake in Sterling Infrastructure by 29.8% in the 3rd quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock worth $324,526,000 after purchasing an additional 219,477 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Sterling Infrastructure by 13.8% during the 4th quarter. First Trust Advisors LP now owns 689,942 shares of the construction company’s stock valued at $211,281,000 after purchasing an additional 83,706 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Sterling Infrastructure by 84.6% during the 3rd quarter. American Century Companies Inc. now owns 654,096 shares of the construction company’s stock valued at $222,184,000 after purchasing an additional 299,724 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Sterling Infrastructure by 3.7% during the fourth quarter. Janus Henderson Group PLC now owns 575,886 shares of the construction company’s stock valued at $176,331,000 after purchasing an additional 20,299 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Stock Performance

Shares of NASDAQ STRL opened at $804.76 on Monday. The business’s 50 day moving average is $761.90 and its two-hundred day moving average is $514.81. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 1.10. Sterling Infrastructure, Inc. has a 1-year low of $217.07 and a 1-year high of $1,005.68. The stock has a market capitalization of $24.70 billion, a P/E ratio of 71.98, a PEG ratio of 2.92 and a beta of 1.81.

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 the consensus estimate of $2.29 by $1.30. The business had revenue of $825.67 million during the quarter, compared to analyst estimates 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 company earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, research analysts expect that Sterling Infrastructure, Inc. will post 18.35 EPS for the current year.

Analyst Upgrades and Downgrades

STRL has been the topic of several research reports. Weiss Ratings cut Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Oppenheimer assumed coverage on Sterling Infrastructure in a research note on Thursday, May 28th. They set an “outperform” rating and a $950.00 price target for the company. Cantor Fitzgerald restated an “overweight” rating on shares of Sterling Infrastructure in a report on Thursday, June 18th. Argus initiated coverage on Sterling Infrastructure in a research note on Thursday, April 16th. They issued a “buy” rating and a $510.00 price objective on the stock. Finally, KeyCorp upped their price objective on Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. Based on data from MarketBeat, Sterling Infrastructure currently has a consensus rating of “Buy” and an average price target of $720.67.

Insiders Place Their Bets

In related news, CEO Joseph A. Cutillo sold 50,000 shares of the 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 sale, the chief executive officer owned 290,593 shares in the company, 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 SEC, 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 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.