Commerce Bank Has $1.26 Million Holdings in Sterling Infrastructure, Inc. $STRL

Commerce Bank trimmed its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 41.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,505 shares of the construction company’s stock after selling 1,069 shares during the period. Commerce Bank’s holdings in Sterling Infrastructure were worth $1,263,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Shields & Co. LLC bought a new stake in Sterling Infrastructure in the 2nd quarter valued at $29,000. Persistent Asset Partners Ltd bought a new position in shares of Sterling Infrastructure during the 2nd quarter worth about $40,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Sterling Infrastructure by 100.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 60 shares of the construction company’s stock valued at $50,000 after acquiring an additional 30 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Sterling Infrastructure by 43.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 79 shares of the construction company’s stock valued at $66,000 after acquiring an additional 24 shares in the last quarter. Finally, Cedar Mountain Advisors LLC increased its stake in Sterling Infrastructure by 8,000.0% in the first quarter. Cedar Mountain Advisors LLC now owns 81 shares of the construction company’s stock valued at $33,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

NASDAQ STRL opened at $486.39 on Wednesday. Sterling Infrastructure, Inc. has a 1-year low of $266.13 and a 1-year high of $1,005.68. The company has a 50 day moving average of $660.29 and a 200-day moving average of $600.51. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.19. The firm has a market cap of $14.88 billion, a price-to-earnings ratio of 35.07, a PEG ratio of 1.73 and a beta of 1.88.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Monday, August 3rd. The construction company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $5.01 by $0.79. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $969.22 million. Sterling Infrastructure’s revenue for the quarter was up 90.4% on a year-over-year basis. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. On average, equities analysts forecast that Sterling Infrastructure, Inc. will post 19.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

STRL has been the topic of a number of recent research reports. DA Davidson started coverage on Sterling Infrastructure in a report on Friday, August 21st. They set a “buy” rating and a $700.00 price objective on the stock. Zacks Research cut Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. KeyCorp cut their target price on Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Wall Street Zen raised Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Monday. Finally, Cantor Fitzgerald decreased their price target on Sterling Infrastructure from $956.00 to $742.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $690.33.

Insider Buying and Selling at Sterling Infrastructure

In related news, General Counsel Mark D. Wolf sold 2,500 shares of Sterling Infrastructure 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 transaction, the general counsel directly owned 28,137 shares of the company’s stock, valued at $24,985,656. The trade was a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.60% of the company’s stock.

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.