Park Avenue Securities LLC Has $2.49 Million Position in Sterling Infrastructure, Inc. $STRL

Park Avenue Securities LLC grew its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 42.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,121 shares of the construction company’s stock after acquiring an additional 2,430 shares during the period. Park Avenue Securities LLC’s holdings in Sterling Infrastructure were worth $2,487,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC bought a new position in Sterling Infrastructure during the second quarter worth about $26,000. Root Financial Partners LLC acquired a new position in Sterling Infrastructure during the third quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new stake in Sterling Infrastructure in the third quarter valued at approximately $28,000. Fifth Third Bancorp lifted its position in shares of Sterling Infrastructure by 76.1% in the third quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock valued at $28,000 after buying an additional 35 shares during the last quarter. Finally, Bogart Wealth LLC lifted its position in shares of Sterling Infrastructure by 535.7% in the third quarter. Bogart Wealth LLC now owns 89 shares of the construction company’s stock valued at $30,000 after buying an additional 75 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Sterling Infrastructure

In other news, Director Dana C. O’brien sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $410.00, for a total transaction of $820,000.00. Following the transaction, the director directly owned 11,498 shares of the company’s stock, valued at approximately $4,714,180. This trade represents a 14.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dwayne Andree Wilson sold 2,860 shares of Sterling Infrastructure stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $350.00, for a total transaction of $1,001,000.00. Following the completion of the sale, the director owned 14,749 shares of the company’s stock, valued at approximately $5,162,150. The trade was a 16.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,860 shares of company stock valued at $2,611,000 in the last three months. Insiders own 2.70% of the company’s stock.

Sterling Infrastructure Stock Up 5.2%

STRL stock opened at $422.55 on Tuesday. Sterling Infrastructure, Inc. has a fifty-two week low of $96.34 and a fifty-two week high of $477.03. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $12.95 billion, a price-to-earnings ratio of 45.10, a PEG ratio of 2.09 and a beta of 1.48. The business’s fifty day moving average price is $398.60 and its two-hundred day moving average price is $359.41.

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

Analysts Set New Price Targets

STRL has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $486.00 target price on Sterling Infrastructure and gave the stock a “buy” rating in a report on Wednesday, February 11th. Zacks Research raised Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 4th. Wall Street Zen raised shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 7th. Cantor Fitzgerald upped their price objective on shares of Sterling Infrastructure from $413.00 to $482.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Finally, DA Davidson increased their price objective on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $489.33.

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.