20,000 Shares in Sterling Infrastructure, Inc. $STRL Bought by Divisadero Street Capital Management LP

Divisadero Street Capital Management LP purchased a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 20,000 shares of the construction company’s stock, valued at approximately $6,794,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp increased its position in Sterling Infrastructure by 62.0% in the 2nd quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock worth $261,129,000 after buying an additional 433,311 shares during the period. Invesco Ltd. increased its position in Sterling Infrastructure by 82.7% during the second quarter. Invesco Ltd. now owns 735,910 shares of the construction company’s stock worth $169,797,000 after acquiring an additional 333,013 shares during the period. American Century Companies Inc. increased its position in Sterling Infrastructure by 84.6% during the third quarter. American Century Companies Inc. now owns 654,096 shares of the construction company’s stock worth $222,184,000 after acquiring an additional 299,724 shares during the period. First Trust Advisors LP raised its stake in Sterling Infrastructure by 83.5% during the 3rd quarter. First Trust Advisors LP now owns 606,236 shares of the construction company’s stock valued at $205,926,000 after purchasing an additional 275,830 shares during the last quarter. Finally, Capital Research Global Investors boosted its holdings 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. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Trading Down 1.6%

Shares of STRL stock opened at $398.12 on Monday. Sterling Infrastructure, Inc. has a 52-week low of $96.34 and a 52-week high of $477.03. The stock has a market cap of $12.20 billion, a price-to-earnings ratio of 42.49, a P/E/G ratio of 2.07 and a beta of 1.48. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a fifty day moving average of $385.59 and a 200-day moving average of $353.55.

Sterling Infrastructure (NASDAQ:STRL) last issued its earnings results on Wednesday, February 25th. The construction company reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.45. The business had revenue of $755.61 million for the quarter, compared to analyst estimates of $639.41 million. Sterling Infrastructure had a net margin of 11.65% and a return on equity of 32.82%. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. On average, equities research analysts forecast that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Weiss Ratings upgraded shares of Sterling Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. Zacks Research upgraded shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 4th. Stifel Nicolaus set a $486.00 target price on Sterling Infrastructure and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Wall Street Zen upgraded Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 7th. Finally, DA Davidson upped their price target on Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $489.33.

Insider Buying and Selling

In other news, Director Dwayne Andree Wilson sold 2,860 shares of the company’s stock in a transaction that occurred 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 directly owned 14,749 shares in the company, valued at approximately $5,162,150. This represents a 16.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dana C. O’brien sold 2,000 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $410.00, for a total value of $820,000.00. Following the completion of the transaction, the director directly owned 11,498 shares of the company’s stock, valued at approximately $4,714,180. The trade was a 14.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,860 shares of company stock worth $2,611,000 over the last ninety days. Company insiders own 3.70% of the company’s stock.

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.