Jefferies Financial Group Inc. Buys New Holdings in Sterling Infrastructure, Inc. $STRL

Jefferies Financial Group Inc. bought a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the 4th quarter, Holdings Channel.com reports. The firm bought 2,130 shares of the construction company’s stock, valued at approximately $652,000.

Several other institutional investors also recently bought and sold shares of STRL. EverSource Wealth Advisors LLC raised its position in Sterling Infrastructure by 33.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 107 shares of the construction company’s stock valued at $33,000 after purchasing an additional 27 shares during the last quarter. UMB Bank n.a. raised its position in Sterling Infrastructure by 27.5% during the 3rd quarter. UMB Bank n.a. now owns 130 shares of the construction company’s stock valued at $44,000 after purchasing an additional 28 shares during the last quarter. CENTRAL TRUST Co raised its position in Sterling Infrastructure by 7.9% during the 4th quarter. CENTRAL TRUST Co now owns 397 shares of the construction company’s stock valued at $122,000 after purchasing an additional 29 shares during the last quarter. Fifth Third Bancorp raised its position in Sterling Infrastructure by 76.1% during 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 last quarter. Finally, Ballentine Partners LLC raised its position in Sterling Infrastructure by 6.9% during the 4th quarter. Ballentine Partners LLC now owns 686 shares of the construction company’s stock valued at $210,000 after purchasing an additional 44 shares during the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Sterling Infrastructure Stock Up 2.1%

Shares of NASDAQ:STRL opened at $860.84 on Friday. Sterling Infrastructure, Inc. has a 52-week low of $183.40 and a 52-week high of $893.13. The firm has a market capitalization of $26.42 billion, a P/E ratio of 77.00, a P/E/G ratio of 3.12 and a beta of 1.64. The stock has a 50 day moving average price of $583.40 and a 200-day moving average price of $439.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.10.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $1.30. Sterling Infrastructure had a return on equity of 35.64% and a net margin of 12.02%.The firm had revenue of $825.68 million during the quarter, compared to analyst estimates of $603.58 million. During the same quarter in the prior year, the company earned $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. As a group, equities research analysts anticipate that Sterling Infrastructure, Inc. will post 18.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on STRL. Wall Street Zen raised Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 23rd. Stifel Nicolaus set a $486.00 price target on Sterling Infrastructure and gave the company a “buy” rating in a research report on Wednesday, February 11th. KeyCorp upped their price target on Sterling Infrastructure from $572.00 to $889.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Argus assumed coverage on Sterling Infrastructure in a research report on Thursday, April 16th. They set a “buy” rating and a $510.00 price target for the company. Finally, Oppenheimer assumed coverage on Sterling Infrastructure in a research report on Thursday. They issued an “outperform” rating and a $950.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $715.17.

Insider Activity

In other news, CEO Joseph A. Cutillo sold 50,000 shares of the stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $497.57, for a total value of $24,878,500.00. Following the completion of the transaction, the chief executive officer owned 290,593 shares of the company’s stock, valued at approximately $144,590,359.01. This represents a 14.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.60% 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.