Money Concepts Capital Corp Invests $427,000 in Sterling Infrastructure, Inc. $STRL

Money Concepts Capital Corp acquired a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the 4th quarter, Holdings Channel reports. The fund acquired 1,395 shares of the construction company’s stock, valued at approximately $427,000.

Several other institutional investors and hedge funds have also made changes to their positions in STRL. State Street Corp lifted its stake in shares of Sterling Infrastructure by 62.0% during the second 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. American Century Companies Inc. lifted its stake in shares of Sterling Infrastructure by 84.6% during the third quarter. American Century Companies Inc. now owns 654,096 shares of the construction company’s stock worth $222,184,000 after buying an additional 299,724 shares during the period. First Trust Advisors LP lifted its stake in shares of Sterling Infrastructure by 83.5% during the third quarter. First Trust Advisors LP now owns 606,236 shares of the construction company’s stock worth $205,926,000 after buying an additional 275,830 shares during the period. Invesco Ltd. lifted its stake in shares of Sterling Infrastructure by 29.8% during the third 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. Finally, Capital Research Global Investors lifted its stake in shares of Sterling Infrastructure by 104.1% during the third quarter. Capital Research Global Investors now owns 364,830 shares of the construction company’s stock worth $123,925,000 after buying an additional 186,122 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 28th. KeyCorp lifted their price objective on shares of Sterling Infrastructure from $572.00 to $889.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. DA Davidson boosted their target price on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Zacks Research downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Argus initiated coverage on shares of Sterling Infrastructure in a research report on Thursday, April 16th. They set a “buy” rating and a $510.00 target price for the company. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $668.20.

Sterling Infrastructure Stock Up 4.1%

STRL stock opened at $889.03 on Friday. The stock has a market capitalization of $27.28 billion, a P/E ratio of 79.52, a P/E/G ratio of 3.16 and a beta of 1.64. The firm has a 50-day simple moving average of $502.52 and a 200-day simple moving average of $409.00. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. Sterling Infrastructure, Inc. has a 52 week low of $176.15 and a 52 week high of $893.13.

Sterling Infrastructure (NASDAQ:STRL) last released 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 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 previous year, the company earned $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Equities analysts forecast that Sterling Infrastructure, Inc. will post 18.01 earnings per share for the current fiscal year.

Insider Activity at Sterling Infrastructure

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the business’s 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 $144,590,359.01. The trade was a 14.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is owned by corporate insiders.

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.