Nordea Investment Management AB Has $12.32 Million Stake in Sterling Infrastructure, Inc. $STRL

Nordea Investment Management AB reduced its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 12.1% during the fourth quarter, HoldingsChannel reports. The firm owned 39,645 shares of the construction company’s stock after selling 5,470 shares during the period. Nordea Investment Management AB’s holdings in Sterling Infrastructure were worth $12,323,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. UMB Bank n.a. grew its holdings in Sterling Infrastructure by 27.5% during the 3rd quarter. UMB Bank n.a. now owns 130 shares of the construction company’s stock worth $44,000 after acquiring an additional 28 shares during the period. Fifth Third Bancorp lifted its stake in shares of Sterling Infrastructure by 76.1% in the 3rd quarter. Fifth Third Bancorp now owns 81 shares of the construction company’s stock valued at $28,000 after purchasing an additional 35 shares during the period. Richardson Financial Services Inc. lifted its stake in shares of Sterling Infrastructure by 22.6% in the 3rd quarter. Richardson Financial Services Inc. now owns 233 shares of the construction company’s stock valued at $79,000 after purchasing an additional 43 shares during the period. GK Wealth Management LLC boosted its position in shares of Sterling Infrastructure by 3.9% during the 4th quarter. GK Wealth Management LLC now owns 1,367 shares of the construction company’s stock valued at $419,000 after purchasing an additional 51 shares in the last quarter. Finally, Optiver Holding B.V. boosted its position in shares of Sterling Infrastructure by 108.2% during the 3rd quarter. Optiver Holding B.V. now owns 102 shares of the construction company’s stock valued at $35,000 after purchasing an additional 53 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Performance

Shares of Sterling Infrastructure stock opened at $446.16 on Wednesday. The business has a 50-day simple moving average of $401.09 and a 200 day simple moving average of $360.54. Sterling Infrastructure, Inc. has a one year low of $96.34 and a one year 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 firm has a market capitalization of $13.67 billion, a price-to-earnings ratio of 47.62, a PEG ratio of 2.20 and a beta of 1.48.

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

Analysts Set New Price Targets

STRL has been the subject of a number of research analyst reports. Zacks Research upgraded Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 4th. Wall Street Zen upgraded Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 7th. DA Davidson raised their price objective on shares of Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Cantor Fitzgerald lifted their price objective on shares of Sterling Infrastructure from $413.00 to $482.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $489.33.

Insider Buying and Selling

In other Sterling Infrastructure news, Director Dwayne Andree Wilson sold 2,860 shares of the business’s stock in a transaction 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 in the company, valued at approximately $5,162,150. The trade was a 16.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dana C. O’brien sold 2,000 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $410.00, for a total transaction of $820,000.00. Following the transaction, the director owned 11,498 shares in the company, valued at approximately $4,714,180. The trade was a 14.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,860 shares of company stock worth $2,611,000 over the last ninety days. 2.70% of the stock is owned by insiders.

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.