Swiss Life Asset Management Ltd Acquires 834 Shares of Sterling Infrastructure, Inc. $STRL

Swiss Life Asset Management Ltd increased its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 60.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,204 shares of the construction company’s stock after acquiring an additional 834 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Sterling Infrastructure were worth $675,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in STRL. Empowered Funds LLC acquired a new position in shares of Sterling Infrastructure during the 1st quarter worth approximately $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Sterling Infrastructure by 12.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company’s stock worth $9,508,000 after acquiring an additional 9,625 shares during the last quarter. Focus Partners Wealth increased its holdings in shares of Sterling Infrastructure by 13.7% during the 1st quarter. Focus Partners Wealth now owns 2,313 shares of the construction company’s stock worth $262,000 after acquiring an additional 279 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Sterling Infrastructure during the 2nd quarter worth approximately $5,929,000. Finally, Cerity Partners LLC increased its holdings in shares of Sterling Infrastructure by 195.7% during the 2nd quarter. Cerity Partners LLC now owns 19,522 shares of the construction company’s stock worth $4,504,000 after acquiring an additional 12,921 shares during the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on STRL shares. Zacks Research lowered Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Argus started coverage on Sterling Infrastructure in a report on Thursday, April 16th. They set a “buy” rating and a $510.00 target price on the stock. KeyCorp boosted their target price on Sterling Infrastructure from $572.00 to $889.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. DA Davidson lifted their price target on Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Finally, Stifel Nicolaus set a $486.00 price target on Sterling Infrastructure and gave the stock a “buy” rating in a report on Wednesday, February 11th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $668.20.

Sterling Infrastructure Stock Performance

NASDAQ:STRL opened at $848.84 on Friday. The stock has a market cap of $26.05 billion, a P/E ratio of 75.92, a PEG ratio of 3.14 and a beta of 1.64. The stock has a 50 day simple moving average of $511.09 and a 200 day simple moving average of $412.07. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. Sterling Infrastructure, Inc. has a 1-year low of $176.15 and a 1-year high of $893.13.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share 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 analysts’ expectations of $603.58 million. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.During the same period last year, the firm posted $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Research analysts anticipate that Sterling Infrastructure, Inc. will post 18.01 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Joseph A. Cutillo sold 50,000 shares of Sterling Infrastructure stock in a transaction that occurred on Thursday, April 23rd. The stock was 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 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. Insiders own 1.60% of the company’s stock.

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.