Northwestern Mutual Investment Management Company LLC Makes New $2.11 Million Investment in Sterling Infrastructure, Inc. $STRL

Northwestern Mutual Investment Management Company LLC purchased a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,873 shares of the construction company’s stock, valued at approximately $2,105,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Sterling Infrastructure by 101,286.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 103,414 shares of the construction company’s stock worth $31,668,000 after purchasing an additional 103,312 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Sterling Infrastructure in the 4th quarter worth approximately $650,000. Independent Advisor Alliance raised its holdings in shares of Sterling Infrastructure by 23.7% in the 4th quarter. Independent Advisor Alliance now owns 1,636 shares of the construction company’s stock worth $501,000 after purchasing an additional 313 shares in the last quarter. World Investment Advisors raised its holdings in shares of Sterling Infrastructure by 5.5% in the 4th quarter. World Investment Advisors now owns 850 shares of the construction company’s stock worth $260,000 after purchasing an additional 44 shares in the last quarter. Finally, Cascades Capital Asset Management LLC bought a new stake in shares of Sterling Infrastructure in the 4th quarter worth approximately $153,000. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Stock Performance

STRL stock opened at $848.84 on Friday. 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 50 day moving average of $511.09 and a two-hundred day moving average of $412.07. The company has a market capitalization of $26.05 billion, a price-to-earnings ratio of 75.92, a P/E/G ratio of 3.14 and a beta of 1.64. Sterling Infrastructure, Inc. has a 12 month low of $176.15 and a 12 month high of $893.13.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $1.30. The business had revenue of $825.68 million during the quarter, compared to the consensus estimate of $603.58 million. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. During the same period in the prior year, the firm earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, equities analysts anticipate that Sterling Infrastructure, Inc. will post 18.01 EPS for the current fiscal year.

Analysts Set New Price Targets

STRL has been the topic of a number of research reports. Zacks Research downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. DA Davidson boosted their target price on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Stifel Nicolaus set a $486.00 target price on shares of Sterling Infrastructure and gave the stock a “buy” rating in a report on Wednesday, February 11th. Argus began coverage on shares of Sterling Infrastructure in a report on Thursday, April 16th. They issued a “buy” rating and a $510.00 target price on the stock. Finally, Cantor Fitzgerald boosted their price target on shares of Sterling Infrastructure from $482.00 to $956.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $668.20.

Insider Activity

In related news, CEO Joseph A. Cutillo sold 50,000 shares of the company’s stock in a transaction on 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 directly owned 290,593 shares of the company’s stock, valued at approximately $144,590,359.01. This represents a 14.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 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.