The Manufacturers Life Insurance Company Has $81.79 Million Holdings in Sterling Infrastructure, Inc. $STRL

The Manufacturers Life Insurance Company increased its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 191.3% during the second quarter, Holdings Channel reports. The fund owned 97,448 shares of the construction company’s stock after purchasing an additional 63,994 shares during the period. The Manufacturers Life Insurance Company’s holdings in Sterling Infrastructure were worth $81,794,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wellington Shields & Co. LLC bought a new position in Sterling Infrastructure in the 2nd quarter valued at $29,000. Kemnay Advisory Services Inc. bought a new stake in shares of Sterling Infrastructure during the fourth quarter worth $31,000. EverSource Wealth Advisors LLC grew its holdings in shares of Sterling Infrastructure by 33.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock worth $33,000 after purchasing an additional 27 shares during the last quarter. Cedar Mountain Advisors LLC increased its stake in shares of Sterling Infrastructure by 8,000.0% in the first quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock valued at $33,000 after buying an additional 80 shares in the last quarter. Finally, Rakuten Securities Inc. increased its stake in shares of Sterling Infrastructure by 6,950.0% in the second quarter. Rakuten Securities Inc. now owns 141 shares of the construction company’s stock valued at $33,000 after buying an additional 139 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Trading Up 5.4%

Shares of STRL opened at $511.04 on Friday. The stock’s fifty day simple moving average is $570.53 and its 200-day simple moving average is $605.13. The firm has a market capitalization of $15.63 billion, a PE ratio of 36.85, a price-to-earnings-growth ratio of 1.69 and a beta of 1.85. Sterling Infrastructure, Inc. has a 12-month low of $281.58 and a 12-month high of $1,005.68. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.19.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $5.01 by $0.79. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $969.22 million. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.Sterling Infrastructure’s revenue was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. As a group, research analysts predict that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current year.

Insider Activity

In other news, General Counsel Mark Wolf sold 2,500 shares of Sterling Infrastructure stock in a transaction that occurred on 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 sale, the general counsel owned 28,137 shares in the company, valued at $24,985,656. The trade was a 8.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

STRL has been the subject of a number of research analyst reports. DA Davidson initiated coverage on Sterling Infrastructure in a report on Friday, August 21st. They issued a “buy” rating and a $700.00 price target for the company. Zacks Research lowered shares of Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Weiss Ratings lowered shares of Sterling Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Wall Street Zen cut shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. Finally, KeyCorp lowered their price target on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $690.33.

Sterling Infrastructure Profile

Sterling Infrastructure, Inc provides infrastructure, engineering and construction services across the United States. The company serves public and private-sector customers through three primary business segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions.

Its E-Infrastructure Solutions segment develops and builds large-scale infrastructure for data centers, advanced manufacturing facilities, energy and communications projects, and other complex industrial sites.