Catalyst Capital Advisors LLC Reduces Stake in Sterling Infrastructure, Inc. $STRL

Catalyst Capital Advisors LLC lowered its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 10.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,825 shares of the construction company’s stock after selling 900 shares during the period. Catalyst Capital Advisors LLC’s holdings in Sterling Infrastructure were worth $2,396,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank purchased a new stake in Sterling Infrastructure in the 4th quarter worth approximately $19,078,000. Eurizon Capital SGR S.p.A. purchased a new stake in Sterling Infrastructure in the 4th quarter worth approximately $92,000. Future Fund LLC lifted its holdings in Sterling Infrastructure by 8.7% in the 4th quarter. Future Fund LLC now owns 5,476 shares of the construction company’s stock worth $1,677,000 after buying an additional 439 shares during the period. SBI Okasan Asset Management Co.Ltd. purchased a new stake in Sterling Infrastructure in the 4th quarter worth approximately $155,000. Finally, Thoroughbred Financial Services LLC lifted its holdings in Sterling Infrastructure by 3.7% in the 4th quarter. Thoroughbred Financial Services LLC now owns 12,164 shares of the construction company’s stock worth $3,724,000 after buying an additional 439 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on STRL shares. Oppenheimer initiated coverage on Sterling Infrastructure in a research note on Thursday. They issued an “outperform” rating and a $950.00 target price for the company. Argus began coverage on Sterling Infrastructure in a research note on Thursday, April 16th. They issued a “buy” rating and a $510.00 price target on the stock. Stifel Nicolaus set a $486.00 price target on Sterling Infrastructure and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Wall Street Zen raised Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $715.17.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 50,000 shares of Sterling Infrastructure stock in a transaction on 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 sale, the chief executive officer owned 290,593 shares of the company’s stock, valued at approximately $144,590,359.01. This trade represents a 14.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.60% of the company’s stock.

Sterling Infrastructure Stock Up 2.1%

Sterling Infrastructure stock opened at $860.84 on Friday. The firm has a market cap of $26.42 billion, a price-to-earnings ratio of 77.00, a PEG ratio of 3.12 and a beta of 1.64. The stock has a fifty day simple moving average of $583.40 and a two-hundred day simple moving average of $439.00. Sterling Infrastructure, Inc. has a 12 month low of $183.40 and a 12 month high of $893.13. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23.

Sterling Infrastructure (NASDAQ:STRL) last posted its earnings results on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $1.30. The business had revenue of $825.68 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 quarter last year, the company earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Equities analysts predict that Sterling Infrastructure, Inc. will post 18.01 EPS for the current fiscal year.

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.