Deepwater Asset Management LLC Invests $4.63 Million in Sterling Infrastructure, Inc. $STRL

Deepwater Asset Management LLC acquired a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 15,130 shares of the construction company’s stock, valued at approximately $4,633,000.

A number of other institutional investors also recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its stake in shares of Sterling Infrastructure by 33.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock valued at $33,000 after purchasing an additional 27 shares in the last quarter. CENTRAL TRUST Co boosted its stake in shares of Sterling Infrastructure by 7.9% in the 4th quarter. CENTRAL TRUST Co now owns 397 shares of the construction company’s stock valued at $122,000 after purchasing an additional 29 shares in the last quarter. Lido Advisors LLC boosted its stake in shares of Sterling Infrastructure by 1.8% in the 4th quarter. Lido Advisors LLC now owns 1,725 shares of the construction company’s stock valued at $578,000 after purchasing an additional 31 shares in the last quarter. Fifth Third Bancorp boosted its stake 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 valued at $28,000 after purchasing an additional 35 shares in the last quarter. Finally, Ballentine Partners LLC boosted its stake in shares of Sterling Infrastructure by 6.9% in the 4th quarter. Ballentine Partners LLC now owns 686 shares of the construction company’s stock valued at $210,000 after purchasing an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Insider Activity at Sterling Infrastructure

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The shares were 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 directly 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 SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.60% of the company’s stock.

Sterling Infrastructure Stock Performance

Shares of STRL opened at $882.43 on Monday. The stock has a market capitalization of $27.08 billion, a P/E ratio of 78.93, a PEG ratio of 3.26 and a beta of 1.81. 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 fifty day simple moving average of $631.38 and a two-hundred day simple moving average of $459.06. Sterling Infrastructure, Inc. has a twelve month low of $191.00 and a twelve month high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results 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 business had revenue of $825.68 million during the quarter, compared to analysts’ expectations 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 company posted $1.63 EPS. 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 18.03 EPS for the current year.

Analysts Set New Price Targets

STRL has been the subject of a number of research reports. DA Davidson upped their price objective on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Wall Street Zen cut shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 31st. Stifel Nicolaus set a $486.00 price objective on shares of Sterling Infrastructure and gave the company a “buy” rating in a research note on Wednesday, February 11th. Argus initiated coverage on shares of Sterling Infrastructure in a research note on Thursday, April 16th. They issued a “buy” rating and a $510.00 price objective for the company. Finally, KeyCorp upped their price objective on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Sterling Infrastructure currently has an average rating of “Buy” and a consensus target price of $720.67.

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.