Connors Investor Services Inc. Sells 5,497 Shares of Sterling Infrastructure, Inc. $STRL

Connors Investor Services Inc. cut its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 31.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,741 shares of the construction company’s stock after selling 5,497 shares during the period. Connors Investor Services Inc.’s holdings in Sterling Infrastructure were worth $3,988,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in STRL. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Sterling Infrastructure in the second quarter valued at approximately $26,000. Root Financial Partners LLC acquired a new stake in Sterling Infrastructure during the 3rd quarter worth approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Sterling Infrastructure during the 3rd quarter worth approximately $28,000. Fifth Third Bancorp boosted its stake in Sterling Infrastructure by 76.1% in the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock valued at $28,000 after purchasing an additional 35 shares during the period. Finally, Bogart Wealth LLC boosted its stake in Sterling Infrastructure by 535.7% in the 3rd quarter. Bogart Wealth LLC now owns 89 shares of the construction company’s stock valued at $30,000 after purchasing an additional 75 shares during the period. Institutional investors own 80.95% of the company’s stock.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the business’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 transaction of $820,000.00. Following the completion of the transaction, the director directly owned 11,498 shares in the company, valued at $4,714,180. The trade was a 14.82% 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. Also, Director Dwayne Andree Wilson sold 2,860 shares of the company’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $350.00, for a total value of $1,001,000.00. Following the sale, the director owned 14,749 shares of the company’s stock, valued at $5,162,150. The trade was a 16.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,860 shares of company stock worth $2,611,000 in the last quarter. 2.70% of the stock is currently owned by company insiders.

Sterling Infrastructure Stock Up 1.9%

STRL stock opened at $425.51 on Wednesday. Sterling Infrastructure, Inc. has a 52 week low of $96.34 and a 52 week high of $477.03. The business has a 50-day simple moving average of $389.57 and a 200 day simple moving average of $355.47. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.25. The company has a market cap of $13.04 billion, a PE ratio of 45.41, a price-to-earnings-growth ratio of 2.17 and a beta of 1.48.

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, topping analysts’ consensus estimates of $2.63 by $0.45. Sterling Infrastructure had a net margin of 11.65% and a return on equity of 32.82%. The firm had revenue of $755.61 million for the quarter, compared to the consensus estimate of $639.41 million. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. Sell-side analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on STRL shares. Weiss Ratings upgraded Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. Wall Street Zen raised shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 7th. DA Davidson upped their price target 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. 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. Finally, Cantor Fitzgerald lifted their price objective on shares of Sterling Infrastructure from $413.00 to $482.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. Based on data from MarketBeat, Sterling Infrastructure presently has an average rating of “Buy” and an average price target of $489.33.

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.