Visionary Wealth Advisors Acquires Shares of 1,152 Sterling Infrastructure, Inc. $STRL

Visionary Wealth Advisors acquired a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,152 shares of the construction company’s stock, valued at approximately $967,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Engle Capital Management L.P. lifted its stake in shares of Sterling Infrastructure by 156.5% in the first quarter. Engle Capital Management L.P. now owns 26,500 shares of the construction company’s stock valued at $10,793,000 after buying an additional 16,167 shares in the last quarter. Northwestern Mutual Investment Management Company LLC acquired a new position in shares of Sterling Infrastructure during the fourth quarter valued at about $2,105,000. Private Advisor Group LLC grew its holdings in shares of Sterling Infrastructure by 28.2% during the first quarter. Private Advisor Group LLC now owns 7,099 shares of the construction company’s stock valued at $2,891,000 after buying an additional 1,561 shares during the last quarter. Ranger Investment Management L.P. bought a new stake in shares of Sterling Infrastructure during the first quarter worth about $21,844,000. Finally, Truist Financial Corp increased its position in shares of Sterling Infrastructure by 30.8% during the fourth quarter. Truist Financial Corp now owns 5,005 shares of the construction company’s stock worth $1,533,000 after acquiring an additional 1,179 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

NASDAQ STRL opened at $496.66 on Tuesday. The company has a fifty day moving average price of $667.71 and a 200-day moving average price of $599.62. The firm has a market cap of $15.19 billion, a price-to-earnings ratio of 35.81, a PEG ratio of 1.80 and a beta of 1.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.11 and a quick ratio of 1.11. Sterling Infrastructure, Inc. has a 1 year low of $266.13 and a 1 year high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.01 by $0.79. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $969.22 million. The firm’s revenue was up 90.4% compared to the same quarter last year. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. As a group, equities research analysts predict that Sterling Infrastructure, Inc. will post 19.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on STRL shares. Cantor Fitzgerald dropped their price target on shares of Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. DA Davidson initiated coverage on Sterling Infrastructure in a report on Friday. They set a “buy” rating and a $700.00 price objective for the company. Zacks Research downgraded Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. KeyCorp lowered their price objective on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. Finally, Oppenheimer began coverage on Sterling Infrastructure in a report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Sterling Infrastructure presently has a consensus rating of “Moderate Buy” and an average target price of $690.33.

Insider Buying and Selling

In other Sterling Infrastructure news, General Counsel Mark D. 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 transaction, the general counsel owned 28,137 shares of the company’s stock, valued at $24,985,656. This trade represents a 8.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company 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.