Banque Cantonale Vaudoise Acquires 2,350 Shares of Sterling Infrastructure, Inc. $STRL

Banque Cantonale Vaudoise raised its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 67.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,850 shares of the construction company’s stock after buying an additional 2,350 shares during the period. Banque Cantonale Vaudoise’s holdings in Sterling Infrastructure were worth $1,791,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Root Financial Partners LLC purchased a new stake in shares of Sterling Infrastructure in the 3rd quarter worth $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sterling Infrastructure in the 3rd quarter worth $28,000. Fifth Third Bancorp lifted its holdings in shares of Sterling Infrastructure by 76.1% in the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock worth $28,000 after buying an additional 35 shares during the period. Optiver Holding B.V. lifted its holdings in shares of Sterling Infrastructure by 108.2% in the 3rd quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock worth $35,000 after buying an additional 53 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Sterling Infrastructure by 316.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 104 shares of the construction company’s stock worth $35,000 after purchasing an additional 79 shares during the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 290,593 shares in the company, valued at $144,590,359.01. This trade represents a 14.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Weiss Ratings cut Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Cantor Fitzgerald upped their price objective on Sterling Infrastructure from $482.00 to $956.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. KeyCorp upped their price objective on Sterling Infrastructure from $572.00 to $889.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, Argus began coverage on Sterling Infrastructure in a research note on Thursday, April 16th. They set a “buy” rating and a $510.00 price objective for the company. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $668.20.

Sterling Infrastructure Trading Down 2.4%

Sterling Infrastructure stock opened at $733.77 on Friday. The stock has a 50-day moving average of $538.45 and a two-hundred day moving average of $422.50. 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 one year low of $176.15 and a one year high of $893.13. The stock has a market cap of $22.52 billion, a PE ratio of 65.63, a price-to-earnings-growth ratio of 2.78 and a beta of 1.64.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results 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 company had revenue of $825.68 million during the quarter, compared to analysts’ expectations of $603.58 million. During the same period last year, the business posted $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, research analysts anticipate that Sterling Infrastructure, Inc. will post 18.01 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.