Mark Wolf Sells 2,500 Shares of Sterling Infrastructure (NASDAQ:STRL) Stock

Sterling Infrastructure, Inc. (NASDAQ:STRL) General Counsel Mark Wolf sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $888.00, for a total value of $2,220,000.00. Following the sale, the general counsel directly owned 28,137 shares of the company’s stock, valued at $24,985,656. This represents a 8.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sterling Infrastructure Stock Up 3.1%

Shares of NASDAQ STRL opened at $839.36 on Wednesday. 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 firm has a market cap of $25.76 billion, a PE ratio of 75.08, a P/E/G ratio of 2.96 and a beta of 1.82. The company’s fifty day simple moving average is $776.87 and its 200 day simple moving average is $521.83. Sterling Infrastructure, Inc. has a 12-month low of $217.07 and a 12-month 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 earnings per share for the quarter, beating the consensus estimate of $2.29 by $1.30. The firm had revenue of $825.67 million for the quarter, compared to analyst estimates of $603.58 million. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. 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. As a group, sell-side analysts forecast that Sterling Infrastructure, Inc. will post 18.35 earnings per share for the current fiscal year.

Institutional Trading of Sterling Infrastructure

Several institutional investors and hedge funds have recently modified their holdings of STRL. State Street Corp grew its holdings in 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 buying an additional 433,311 shares in the last quarter. American Century Companies Inc. boosted its holdings in Sterling Infrastructure by 84.6% during the 3rd quarter. American Century Companies Inc. now owns 654,096 shares of the construction company’s stock worth $222,184,000 after acquiring an additional 299,724 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Sterling Infrastructure by 83.5% in the 3rd quarter. First Trust Advisors LP now owns 606,236 shares of the construction company’s stock worth $205,926,000 after acquiring an additional 275,830 shares in the last quarter. Invesco Ltd. grew its stake in shares of 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 acquiring an additional 219,477 shares in the last quarter. Finally, Capital Research Global Investors raised its holdings in shares of Sterling Infrastructure by 104.1% in the third quarter. Capital Research Global Investors now owns 364,830 shares of the construction company’s stock valued at $123,925,000 after purchasing an additional 186,122 shares during the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

STRL has been the subject of a number of research reports. KeyCorp raised their price objective on Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Weiss Ratings cut Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Oppenheimer initiated coverage on Sterling Infrastructure in a report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 target price on the stock. Wall Street Zen raised shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 20th. Finally, Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. Based on data from MarketBeat, Sterling Infrastructure currently has an average rating of “Buy” and an average price target of $720.67.

About Sterling Infrastructure

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.