Pier Capital LLC Sells 39,097 Shares of Sterling Infrastructure, Inc. $STRL

Pier Capital LLC cut its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 75.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,397 shares of the construction company’s stock after selling 39,097 shares during the quarter. Pier Capital LLC’s holdings in Sterling Infrastructure were worth $4,211,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of STRL. Invesco Ltd. grew its stake in shares of Sterling Infrastructure by 29.8% in the third 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 during the last quarter. Sei Investments Co. increased its position in Sterling Infrastructure by 10.4% during the third quarter. Sei Investments Co. now owns 33,298 shares of the construction company’s stock worth $11,312,000 after acquiring an additional 3,150 shares during the period. UBS Group AG raised its stake in 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 purchasing an additional 151,146 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Sterling Infrastructure by 33.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,005 shares of the construction company’s stock valued at $2,719,000 after purchasing an additional 1,995 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Sterling Infrastructure by 48.4% in the 3rd quarter. Mackenzie Financial Corp now owns 2,869 shares of the construction company’s stock valued at $975,000 after purchasing an additional 936 shares during the period. 80.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on STRL. Stifel Nicolaus set a $486.00 price target on shares of Sterling Infrastructure and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Weiss Ratings raised shares of Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. DA Davidson increased their target price 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. Cantor Fitzgerald lifted their target price on Sterling Infrastructure from $413.00 to $482.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen upgraded Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 7th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat, Sterling Infrastructure has an average rating of “Buy” and a consensus target price of $489.33.

Sterling Infrastructure Stock Down 3.8%

STRL opened at $404.59 on Friday. The company has a market capitalization of $12.40 billion, a P/E ratio of 43.18, a P/E/G ratio of 2.19 and a beta of 1.48. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 1.01. The firm’s fifty day moving average price is $384.01 and its two-hundred day moving average price is $351.90. Sterling Infrastructure, Inc. has a fifty-two week low of $96.34 and a fifty-two week high of $477.03.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Wednesday, February 25th. The construction company reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.45. The company had revenue of $755.61 million during the quarter, compared to analysts’ expectations of $639.41 million. Sterling Infrastructure had a net margin of 11.65% and a return on equity of 32.82%. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. On average, analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 EPS for the current year.

Insider Transactions at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dwayne Andree Wilson sold 2,860 shares of Sterling Infrastructure stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $350.00, for a total transaction of $1,001,000.00. Following the sale, the director directly owned 14,749 shares of the company’s stock, valued at approximately $5,162,150. The trade was a 16.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dana C. O’brien sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $410.00, for a total value of $820,000.00. Following the completion of the sale, the director owned 11,498 shares in the company, valued at approximately $4,714,180. This represents a 14.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 6,860 shares of company stock worth $2,611,000. 3.70% of the stock is currently owned by insiders.

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.