Gibbs Wealth Management Acquires 3,573 Shares of Sterling Infrastructure, Inc. $STRL

Gibbs Wealth Management boosted its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 95.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,306 shares of the construction company’s stock after buying an additional 3,573 shares during the quarter. Gibbs Wealth Management’s holdings in Sterling Infrastructure were worth $2,976,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC acquired a new position in Sterling Infrastructure in the 4th quarter valued at about $2,105,000. Truist Financial Corp increased its holdings in shares of Sterling Infrastructure by 30.8% during the 4th quarter. Truist Financial Corp now owns 5,005 shares of the construction company’s stock worth $1,533,000 after buying an additional 1,179 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Sterling Infrastructure by 28.2% during the 1st quarter. Private Advisor Group LLC now owns 7,099 shares of the construction company’s stock worth $2,891,000 after buying an additional 1,561 shares during the last quarter. Diversify Wealth Management LLC raised its position in shares of Sterling Infrastructure by 45.1% during the 1st quarter. Diversify Wealth Management LLC now owns 12,156 shares of the construction company’s stock valued at $4,951,000 after buying an additional 3,779 shares during the period. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in Sterling Infrastructure in the first quarter valued at approximately $4,704,000. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Price Performance

Shares of NASDAQ:STRL opened at $717.34 on Friday. The company’s fifty day moving average price is $786.65 and its 200 day moving average price is $566.75. Sterling Infrastructure, Inc. has a 12 month low of $244.02 and a 12 month high of $1,005.68. 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 market capitalization of $22.02 billion, a P/E ratio of 64.16, a P/E/G ratio of 2.63 and a beta of 1.83.

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

Insider Buying and Selling at Sterling Infrastructure

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the business’s stock in a transaction dated 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 directly owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. The trade was a 8.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on 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. Argus started coverage on Sterling Infrastructure in a research report on Thursday, April 16th. They set a “buy” rating and a $510.00 price objective for the company. Cantor Fitzgerald restated an “overweight” rating on shares of Sterling Infrastructure in a report on Thursday, June 18th. KeyCorp lifted their price target on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. 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 equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. Based on data from MarketBeat, Sterling Infrastructure presently has a consensus rating of “Buy” and a consensus target price of $720.67.

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.