VMS Asset Management Limited Invests $2.82 Million in Sterling Infrastructure, Inc. $STRL

VMS Asset Management Limited bought a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 4th quarter, Holdings Channel.com reports. The fund bought 9,200 shares of the construction company’s stock, valued at approximately $2,817,000.

Several other hedge funds also recently made changes to their positions in STRL. Empowered Funds LLC bought a new position in shares of Sterling Infrastructure during the first 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 first 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 purchasing an additional 9,625 shares during the period. Focus Partners Wealth increased its holdings in shares of Sterling Infrastructure by 13.7% during the first quarter. Focus Partners Wealth now owns 2,313 shares of the construction company’s stock worth $262,000 after purchasing an additional 279 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Sterling Infrastructure during the second quarter worth approximately $5,929,000. Finally, Cerity Partners LLC raised its position in shares of Sterling Infrastructure by 195.7% in the 2nd quarter. Cerity Partners LLC now owns 19,522 shares of the construction company’s stock valued at $4,504,000 after buying an additional 12,921 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on STRL. Oppenheimer began coverage on shares of Sterling Infrastructure in a report on Thursday, May 28th. They set an “outperform” rating and a $950.00 price target for the company. KeyCorp lifted their price objective on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a research note on Tuesday. Cantor Fitzgerald boosted their price objective on shares of Sterling Infrastructure from $482.00 to $956.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Argus initiated coverage on shares of Sterling Infrastructure in a research report on Thursday, April 16th. They set a “buy” rating and a $510.00 price objective for the company. Finally, Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 31st. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $720.67.

Insider Buying and Selling

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 50,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 290,593 shares in the company, valued at $144,590,359.01. The trade was a 14.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.60% of the stock is currently owned by corporate insiders.

Sterling Infrastructure Stock Up 3.8%

Shares of STRL opened at $993.74 on Friday. Sterling Infrastructure, Inc. has a one year low of $191.00 and a one year high of $1,005.68. The company has a market cap of $30.50 billion, a P/E ratio of 88.89, a P/E/G ratio of 3.54 and a beta of 1.82. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a 50 day simple moving average of $622.79 and a two-hundred day simple moving average of $455.19.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 EPS for the quarter, beating the consensus estimate of $2.29 by $1.30. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. The business had revenue of $825.68 million during the quarter, compared to the consensus estimate of $603.58 million. During the same period in the previous year, the business earned $1.63 earnings per share. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Research analysts forecast that Sterling Infrastructure, Inc. will post 18.03 EPS for the current fiscal year.

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.