Quantbot Technologies LP Has $1.07 Million Stock Position in Sterling Infrastructure, Inc. $STRL

Quantbot Technologies LP lowered its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 67.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,275 shares of the construction company’s stock after selling 2,653 shares during the period. Quantbot Technologies LP’s holdings in Sterling Infrastructure were worth $1,070,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Sterling Infrastructure in the second quarter valued at about $2,713,946,000. State Street Corp boosted its holdings in shares of Sterling Infrastructure by 62.0% during the 2nd 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 during the period. Invesco Ltd. boosted its holdings in shares of Sterling Infrastructure by 29.8% during the 3rd quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock worth $324,526,000 after buying an additional 219,477 shares during the period. First Trust Advisors LP grew its stake in Sterling Infrastructure by 27.3% in the 1st quarter. First Trust Advisors LP now owns 877,990 shares of the construction company’s stock valued at $357,579,000 after buying an additional 188,048 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Sterling Infrastructure in the second quarter valued at approximately $144,725,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Oppenheimer assumed coverage on shares of Sterling Infrastructure in a research report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 target price for the company. KeyCorp lowered their price target on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Weiss Ratings lowered shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Finally, DA Davidson began coverage on shares of Sterling Infrastructure in a research note on Friday, August 21st. They issued a “buy” rating and a $700.00 price objective for the company. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $690.33.

Insider Buying and Selling

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 2,500 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $888.00, for a total value of $2,220,000.00. Following the transaction, the general counsel directly owned 28,137 shares of the company’s stock, valued at $24,985,656. This trade represents a 8.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Sterling Infrastructure Price Performance

Sterling Infrastructure stock opened at $486.39 on Wednesday. The firm has a market cap of $14.88 billion, a PE ratio of 35.07, a price-to-earnings-growth ratio of 1.73 and a beta of 1.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11. The stock’s fifty day moving average price is $660.29 and its two-hundred day moving average price is $600.51. Sterling Infrastructure, Inc. has a one year low of $266.13 and a one year high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last released its earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.01 by $0.79. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $969.22 million. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.Sterling Infrastructure’s revenue was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. As a group, research analysts expect that Sterling Infrastructure, Inc. will post 19.14 EPS for the current fiscal year.

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.