New York State Teachers Retirement System Has $8.84 Million Stock Position in Sterling Infrastructure, Inc. $STRL

New York State Teachers Retirement System lowered its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 4.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,700 shares of the construction company’s stock after selling 1,104 shares during the period. New York State Teachers Retirement System’s holdings in Sterling Infrastructure were worth $8,838,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Sterling Infrastructure by 62.0% during the second quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock worth $261,129,000 after purchasing an additional 433,311 shares during the period. Invesco Ltd. grew its position in Sterling Infrastructure by 29.8% in the 3rd quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock valued at $324,526,000 after purchasing an additional 219,477 shares during the period. Capital Research Global Investors grew its position in Sterling Infrastructure by 104.1% in the 3rd quarter. Capital Research Global Investors now owns 364,830 shares of the construction company’s stock valued at $123,925,000 after purchasing an additional 186,122 shares during the period. UBS Group AG increased its stake in Sterling Infrastructure by 45.4% during the 3rd quarter. UBS Group AG now owns 483,864 shares of the construction company’s stock valued at $164,359,000 after purchasing an additional 151,146 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Sterling Infrastructure by 123.3% during the 4th quarter. JPMorgan Chase & Co. now owns 262,824 shares of the construction company’s stock valued at $80,485,000 after purchasing an additional 145,100 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insider Activity

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the firm’s stock in a transaction dated 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 approximately $24,985,656. This trade represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Joseph A. Cutillo sold 50,000 shares of Sterling Infrastructure stock in a transaction dated 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 in the company, valued at approximately $144,590,359.01. This represents a 14.68% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 Performance

Sterling Infrastructure stock traded down $57.24 during mid-day trading on Tuesday, reaching $659.87. 107,456 shares of the company’s stock were exchanged, compared to its average volume of 606,378. The business’s fifty day simple moving average is $796.19 and its 200 day simple moving average is $533.11. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. Sterling Infrastructure, Inc. has a one year low of $225.46 and a one year high of $1,005.68. The firm has a market capitalization of $20.25 billion, a PE ratio of 58.54, a P/E/G ratio of 2.55 and a beta of 1.83.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $1.30. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.The firm had revenue of $825.67 million during the quarter, compared to the consensus estimate of $603.58 million. During the same quarter in the prior year, the company earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. On average, sell-side analysts expect that Sterling Infrastructure, Inc. will post 18.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on STRL shares. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Sterling Infrastructure in a research note on Thursday, June 18th. Argus initiated coverage on shares of Sterling Infrastructure in a report on Thursday, April 16th. They issued a “buy” rating and a $510.00 target price on the stock. Oppenheimer assumed coverage on shares of Sterling Infrastructure in a research report on Thursday, May 28th. They issued an “outperform” rating and a $950.00 price target on the stock. Wall Street Zen downgraded Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, KeyCorp increased their price objective on Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat.com, Sterling Infrastructure presently has an average rating of “Buy” and a consensus price target of $720.67.

Sterling Infrastructure Profile

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.