D.A. Davidson & CO. Boosts Holdings in Sterling Infrastructure, Inc. $STRL

D.A. Davidson & CO. increased its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 36.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,956 shares of the construction company’s stock after purchasing an additional 791 shares during the period. D.A. Davidson & CO.’s holdings in Sterling Infrastructure were worth $1,204,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Kemnay Advisory Services Inc. bought a new stake in Sterling Infrastructure in the fourth quarter worth $31,000. EverSource Wealth Advisors LLC grew its stake 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 valued at $33,000 after buying an additional 27 shares during the last quarter. Cedar Mountain Advisors LLC increased its holdings 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 worth $33,000 after buying an additional 80 shares during the period. Rakuten Securities Inc. increased its holdings 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 worth $33,000 after buying an additional 139 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Sterling Infrastructure by 316.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 104 shares of the construction company’s stock valued at $35,000 after acquiring an additional 79 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on STRL. Oppenheimer started coverage on Sterling Infrastructure in a report on Thursday, May 28th. They set an “outperform” rating and a $950.00 target price for the company. Weiss Ratings upgraded Sterling Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 6th. Cantor Fitzgerald reissued an “overweight” rating on shares of Sterling Infrastructure in a research note on Thursday, June 18th. Argus assumed 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. Finally, Wall Street Zen downgraded shares of Sterling Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat, Sterling Infrastructure has an average rating of “Buy” and an average price target of $720.67.

Sterling Infrastructure Stock Up 3.6%

Shares of NASDAQ:STRL opened at $719.34 on Thursday. The stock’s 50-day moving average is $790.09 and its 200 day moving average is $563.94. The company has a market cap of $22.08 billion, a PE ratio of 64.34, a P/E/G ratio of 2.54 and a beta of 1.83. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 1.10. Sterling Infrastructure, Inc. has a 1 year low of $244.02 and a 1 year high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Monday, May 4th. The construction company reported $3.59 earnings per share for the quarter, topping the consensus estimate of $2.29 by $1.30. The business had revenue of $825.67 million during the quarter, compared to analysts’ expectations of $603.58 million. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.During the same quarter last year, the business posted $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Sell-side analysts anticipate that Sterling Infrastructure, Inc. will post 18.24 EPS for the current year.

Insider Buying and Selling

In related news, General Counsel Mark D. Wolf sold 2,500 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $888.00, for a total value of $2,220,000.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is owned by insiders.

Sterling Infrastructure Company 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.