Hartline Investment Corp Acquires 1,244 Shares of Sterling Infrastructure, Inc. $STRL

Hartline Investment Corp lifted its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 21.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,151 shares of the construction company’s stock after purchasing an additional 1,244 shares during the period. Hartline Investment Corp’s holdings in Sterling Infrastructure were worth $2,912,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. State Street Corp raised 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 valued at $261,129,000 after buying an additional 433,311 shares in the last quarter. Invesco Ltd. boosted its stake 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 acquiring an additional 219,477 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Sterling Infrastructure by 104.1% during the 3rd quarter. Capital Research Global Investors now owns 364,830 shares of the construction company’s stock worth $123,925,000 after acquiring an additional 186,122 shares in the last quarter. UBS Group AG increased its holdings in shares of Sterling Infrastructure by 45.4% during the 3rd quarter. UBS Group AG now owns 483,864 shares of the construction company’s stock valued at $164,359,000 after acquiring an additional 151,146 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Sterling Infrastructure by 123.3% in the 4th quarter. JPMorgan Chase & Co. now owns 262,824 shares of the construction company’s stock valued at $80,485,000 after acquiring an additional 145,100 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Stock Performance

Shares of NASDAQ STRL opened at $674.39 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 business’s 50 day moving average is $799.73 and its two-hundred day moving average is $535.86. The company has a market cap of $20.70 billion, a P/E ratio of 60.32, a P/E/G ratio of 2.61 and a beta of 1.83. Sterling Infrastructure, Inc. has a 12 month low of $225.46 and a 12 month high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last posted 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. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.The company had revenue of $825.67 million during the quarter, compared to analysts’ expectations of $603.58 million. During the same period 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. On average, equities analysts expect that Sterling Infrastructure, Inc. will post 18.35 EPS for the current year.

Insiders Place Their Bets

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the completion of the transaction, the general counsel owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. This represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph A. Cutillo sold 50,000 shares of the stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $497.57, for a total transaction 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. The trade was a 14.68% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Cantor Fitzgerald restated an “overweight” rating on shares of Sterling Infrastructure in a report on Thursday, June 18th. Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 1st. KeyCorp boosted their price objective on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Weiss Ratings raised shares of Sterling Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Finally, 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 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus 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.