Sterling Infrastructure, Inc. $STRL Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. raised its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 269.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,159 shares of the construction company’s stock after purchasing an additional 6,678 shares during the quarter. Pacer Advisors Inc.’s holdings in Sterling Infrastructure were worth $2,805,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of STRL. Empowered Funds LLC purchased a new stake in shares of Sterling Infrastructure during the first quarter worth approximately $378,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Sterling Infrastructure by 12.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 83,983 shares of the construction company’s stock worth $9,508,000 after purchasing an additional 9,625 shares during the period. Focus Partners Wealth grew its position in Sterling Infrastructure by 13.7% in the 1st quarter. Focus Partners Wealth now owns 2,313 shares of the construction company’s stock valued at $262,000 after buying an additional 279 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Sterling Infrastructure in the 2nd quarter valued at $5,929,000. Finally, Cerity Partners LLC increased its stake in Sterling Infrastructure by 195.7% in the 2nd quarter. Cerity Partners LLC now owns 19,522 shares of the construction company’s stock valued at $4,504,000 after buying an additional 12,921 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on STRL. KeyCorp upped their price objective on shares of Sterling Infrastructure from $889.00 to $922.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Argus initiated coverage on shares of Sterling Infrastructure in a research note on Thursday, April 16th. They set a “buy” rating and a $510.00 price target on the stock. Weiss Ratings downgraded shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Zacks Research raised Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, June 1st. Finally, DA Davidson boosted their target price on Sterling Infrastructure from $460.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $720.67.

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL opened at $892.25 on Wednesday. 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, Inc. has a one year low of $217.07 and a one year high of $1,005.68. The firm has a market capitalization of $27.38 billion, a P/E ratio of 79.81, a PEG ratio of 3.36 and a beta of 1.82. The company’s fifty day moving average is $738.42 and its two-hundred day moving average is $503.74.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Monday, May 4th. The construction company reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $1.30. Sterling Infrastructure had a net margin of 12.02% and a return on equity of 35.64%. The business had revenue of $825.67 million during the quarter, compared to the consensus estimate of $603.58 million. During the same quarter last year, the firm posted $1.63 EPS. Sterling Infrastructure has set its FY 2026 guidance at 18.400-19.050 EPS. Analysts forecast that Sterling Infrastructure, Inc. will post 18.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sterling Infrastructure news, CEO Joseph A. Cutillo sold 50,000 shares of the stock in a transaction dated Thursday, April 23rd. The shares were 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 directly owned 290,593 shares of the company’s stock, valued at approximately $144,590,359.01. This trade represents a 14.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.60% of the company’s stock.

Sterling Infrastructure Company 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.